Property Type:Residential Income (Multi-Family)
On Site:8 Days
Lot Size:8,010 Sq. Ft.
Rare OWNER/USER opportunity in a prestigious Santa Monica location, just steps to Montana Ave. and in the coveted Franklin School District! The property has two structures on an 8,000 sf lot. The front building has four units consisting of (3) 2 bed + 1 bath and (1) 1 bed + 1 bath units. The back of the property features a private 3 bed + 2 bath house with a large yard. The house will be delivered vacant. Parking consists of a 3 private garages with additional driveway parking in the front of the building, and 2 private garages located off the alley that are attached to the house. 8 parking spaces total when used as tandem. Both rear garages and one front garage will be delivered vacant. 19th Street is quiet and has no traffic signals on Montana or Wilshire. Property is subject to City of Santa Monica rent control. Inside with accepted offer only.
Agent Name:David Schuchman
Office Name:Roque & Mark Company, Inc.
$000 Monthly Payment
Loan and interest only.
Address:847 19th St Santa Monica, CA 90403
Area:C14 - Santa Monica
Building Area: 4849.0
Number of Buildings: 2
Total Units: 5
Stories Total: 2
Unit 1: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,281 actual rent • $1,281 total rent • $1,281 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,882 actual rent • $1,882 total rent • $1,882 pro forma
Unit 3: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $2,317 actual rent • $2,317 total rent • $2,317 pro forma
Unit 4: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $2,714 actual rent • $2,714 total rent • $2,714 pro forma
Unit 5: 1 Unit • 3 Beds • 2 Baths • Unfurnished • $6,500 actual rent • $6,500 total rent • $6,500 pro forma
Roof: Composition, Shingle
Garage Spaces: 5.0
Parking Features: Concrete, Door-Single, Garage
Open Parking Spaces: 3.0
Parking Total: 8.0
Features / Amenities
Flooring: Carpet, Laminate, Wood
Laundry: Common Area
Direction Faces: West
Heating: Wall Furnace
Lot Size: 0.18 Acres / 8,010 Sq. Ft.
Directions:Between Idaho Ave and Montana Ave on 19th St.
Tax and Financial Info
Cap Rate: 3.5
Gross Income: $176,328
Net Operating Income: $116,240
Tenant Pays: Electricity, Gas
Land Lease: No
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Listing agent / office David Schuchman, Roque & Mark Company, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 27, 2022. 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.