Price Reduction
Address
1419 Stanford Street Santa Monica, CA
Price
$ 2,350,000
Property Attributes
  • MLS#20658332
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90404
  • Style
  • Price$ 2,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4800
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Alex Eychis with RE/MAX ESTATE PROPERTIES.
Property Description

Excellent investment opportunity in the heart of Santa Monica. This 6-unit gem features two separate structures. The front structure, a single family home with 2 bedrooms and 2 baths, and will be delivered vacant. The back structure is 5-unit, two-story building. Four of the units have 2 bedrooms and one bath. The last unit has 1 bedroom and 1 bath. Four of the units have been upgraded. Excellent CAP rate of over 6 and a gross rent multiplier of 14. With a monthly estimate of $4,100 for the vacant single family home, the rents will be $14,250 per month. Separate laundry room with coin operated washer/dryer.

Price History
11/12/2020 Listed $2,600,000
12/7/2020 4% - $2,499,000
1/20/2021 6% - $2,350,000

General Features

Co-Listing Agent Last Name Shvartsman
Co-Listing Agent Last Name Bella
Co-Listing Agent State License # 00999122
Co-listing Agent Bella Shvartsman - BRE#00999122
Directions Use Google Maps
Garage Spaces 4.00
Listagentaor Beverly Hills/Greater LA
Listing Agent Alex Eychis - BRE#01875191
Listing Agent State License 01875191
MLS Area C14 - Santa Monica
Parking Features Attached Carport, Covered
Price Per Square Foot 489.58
Source System CRMLS
Special Listing Conditions Standard
Total Units 6
Zoning SMR2*

Interior Features

Total Stories 2

Exterior Features

Building Area Total 4800.00
Lot Size Acres 0.1700
Lot Size Area 7822.0000
Lot Size Square Feet 7822.00
Lot Size Units Square Feet
Number of Buildings 2
Parking Y/N Yes
Total Parking 4.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90404

Price
AVG $2.85M
$2.35M
Visits
AVG 24
26
Year Built
AVG 1953
1958
Walkscore
AVG 89
92
Data Provided by Walkscore ® not using MLS data