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Property Type:Residential Income (Multi-Family)
On Site:12 Days
Lot Size:31,232 Sq. Ft.
Dont miss out on this unique opportunity to own in an amazing Santa Monica neighborhood! Included are two 1 bedroom / 1 bathroom tastefully updated units, as well as a detached bonus space with a private entrance and half bath. Unit D has a secured 1-year lease in place. Unit D1 has a tenant in place until July 23rd, but he is very willing to stay longer. This gives flexibility to a buyer who is looking to either move in one and rent the other for cash flow, or just keep both units tenant occupied. These units are located within a 25-unit gated courtyard condo complex, in an ideal Santa Monica location. A true must see to appreciate!
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:1445 Stanford St Santa Monica, CA 90404
Area:C14 - Santa Monica
Number of Buildings: 1
Total Units: 2
Stories Total: 2
Unit 8: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,550 actual rent•$2,550 total rent•$2,550 pro forma
Unit 13: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,650 actual rent•$2,650 total rent•$2,650 pro forma
Parking Features: Door-Single, Garage
Features / Amenities
Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Flooring: Tile, Wood
Laundry: Laundry Closet, Stacked
Security Features: Gated Community, Smoke Detector(s)
Heating: Wall Furnace
Lot Size: 0.71 Acres / 31,232 Sq. Ft.
Directions:North of Olympic, South of Santa Monica, West of Centinela, East of 26th
Tax and Financial Info
Buyer Financing: Cash
Gross Income: $62,400
Net Operating Income: $40,399
Insurance Expense: $1,800
New Taxes Expense: $13,438
Other Expense: $5,244
Disclosures: Covenants/Restrictions Disclosure, HOA Disclosure
Association Amenities: Controlled Access
WALKING AND TRANSPORTATION
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Listing provided courtesy of Nicholas Shepherd, Keller Williams-Santa Monica.
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.