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Listing Details

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School Ratings & Info

Description

Presenting 1318 19th Street, six bungalow-style units located in prime Santa Monica. The property consists of (1) two-bedroom/one-bath unit, (3) one-bedroom/one-bath units, and (2) studio units. These sizable apartments offer private entrances, hardwood floors, in-unit washer/dryers, stainless steel appliances and lots of natural light. Five garages are available for parking or storage.With a Walk Score of 92, the property provides easy, walkable access to all amenities for daily errands. The building is just blocks from Whole Foods Market, Trader Joes, coffee shops, world class restaurants, retail and healthcare providers.With 20% upside potential in rents, this property offers investors a value-add opportunity for future rent growth.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T21:42:44.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/121379898
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1318 19Th St Santa Monica, CA 90404

  • Price: $2,700,000
  • Status: Active
  • Updated: 75 min ago
  • MLS #: 21-782246
5
Beds
0
Baths
0
½ Baths
0.17
Acres
3,970
SQFT
$680
$/SQFT
1955
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Presenting 1318 19th Street, six bungalow-style units located in prime Santa Monica. The property consists of (1) two-bedroom/one-bath unit, (3) one-bedroom/one-bath units, and (2) studio units. These sizable apartments offer private entrances, hardwood floors, in-unit washer/dryers, stainless steel appliances and lots of natural light. Five garages are available for parking or storage.With a Walk Score of 92, the property provides easy, walkable access to all amenities for daily errands. The building is just blocks from Whole Foods Market, Trader Joes, coffee shops, world class restaurants, retail and healthcare providers.With 20% upside potential in rents, this property offers investors a value-add opportunity for future rent growth.
Exterior Features

Exterior Construction Stucco Lot Size Area 7491 Other Structures None Parking Garage Garage Style Bungalow Total Parking 5

Interior Features

Bathroom Features Shower Over TubTile Baths Total 6.00 Cooking Appliances Oven-GasGas/Electric Range Cooling None Equipment Ceiling FanRange/OvenWasherDryer Flooring Tile Heating Wall Gas Kitchen Features Tile Counters Laundry In Unit

Property Features

Gross Income 138204 Gross Operating Income 134058 Like Units1 1 Like Units2 3 Like Units3 2 Net Operating Income 77744.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 23233 Type Of Units Apartment Year Built Source Seller Zoning Smr2*

Listing provided courtesy of Kimberly Roberts Stepp DRE#01251767 of Stepp Commercial.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T21:42:44.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253