1420 Berkeley St

Santa Monica, CA 90404 View Map $3,849,000 Schedule a Tour
Sq.Ft. Lot7,808
Year1966
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:SB21225722
On Site:7 Days
Lot Size:7,808 Sq. Ft.
County:Los Angeles
ADW MANAGEMENT IS PROUD TO PRESENT THIS 6 UNIT MULITY-FAMILY ASSET LOCATED AT 1420 BERKELEY STREET IN THE CITY OF SANTA MONICA. THIS ASSET CONTAINS A FRONT MIX OF A THREE-BEDROOM FRONT TOWNHOUSE STYLE UNIT AND 5 UNITS OF TWO-BEDROOMS IN THE REAR. ALL UNITS HAVE BEEN NEWLY RENOVATED WITH NEW FLOORING, KITCHEN CABINETS / COUNTERTOPS, APPLIANCES, ETC. EXTERIOR PROPERTY UPGRADES INCLUDES A REPLACED FLAT ROOF, COMPLETED SEISMIC RETROFIT REQUIREMENT, AND NEW WINDOWS. THIS PROPERTY IS CONVENIENTLY LOCATED NEAR MANY RESTAURANTS, CAFES, SHOPPING CENTERS AND IT IS ONLY A COUPLE BLOCKS FROM PRIME WILSHIRE.

1420 BERKELEY STREET PROVIDES AN INVESTOR WITH AN OPPORTUNITY TO OWN A PROPERTY IN SANTA MONICA WHERE ALL INTERIOR UNITS HAVE BEEN RENOVATED AND NOT HAVE TO WORRY ABOUT COSTLY FUTURE INTERIOR UPGRADES TO ACHIEVE THEIR DESIRED RENTS

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:1420 Berkeley St Santa Monica, CA 90404
Zip Code:90404

Architecture

Year Built:1966
Stories:2
Building Area: 7134.0
Number of Buildings: 1
Total Units: 6
Stories Total: 2
Unit 1: 1 Unit•3 Beds•3 Baths•Unfurnished•$4,250 actual rent•$4,250 total rent•$4,350 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,995 actual rent•$2,995 total rent•$3,095 pro forma
Unit 3: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,995 actual rent•$2,995 total rent•$3,095 pro forma
Unit 4: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,995 actual rent•$2,995 total rent•$3,095 pro forma
Unit 5: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,995 actual rent•$2,995 total rent•$3,095 pro forma
Unit 6: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,750 actual rent•$2,750 total rent•$2,850 pro forma
Roof: Shingle, Spanish Tile
Garage Spaces: 2.0
Carport Spaces: 4.0
Parking Features: Attached Carport, Garage
Parking Total: 6.0

Features / Amenities

Interior Features: Ceiling Fan(s), Recessed Lighting
Fireplace Features: Living Room
Flooring: Vinyl
Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Window: Double Pane Windows
Common Walls: No Common Walls
Heating: Wall Furnace

Property Features

Lot Size: 0.18 Acres / 7,808 Sq. Ft.
Lot Features: Item01UnitAcre
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Sewer: Public Sewer
Water: Public
Zoning:SMR2*
Directions:Right on Santa Monica Blvd and South on Berkeley Street

Tax and Financial Info

Cap Rate: 3.87
Gross Income: $229,860
Gross Scheduled Income: $229,860
Net Operating Income: $149,038
Electric Expense: $800
Fuel Expense: $700
Gardener Expense: $600
Insurance Expense: $3,520
Maintenance Expense: $3,000
New Taxes Expense: $47,188
Pest Control Expense: $200

Listing Agent/Office

Listing provided courtesy of Frederick Okuda, Adw Management Usa, Inc..

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1420 Berkeley St Santa Monica, CA 90404
GO SEE THIS LISTING
1420 Berkeley St Santa Monica, CA 90404
 
ASAP
Mon
18
Oct
Tue
19
Oct
Wed
20
Oct
Thu
21
Oct
Fri
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Oct
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Oct
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Choose Your Date -- It's Free, Cancel Anytime
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Based on information from California Regional Multiple Listing Service, Inc. as of October 17, 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.