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1438 14th Street, Santa Monica, CA 90404
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1438 14th Street
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  • MLS#: 24458595 ( )
  • Street Address: 1438 14th Street
  • Viewed: 12
  • Price: $3,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 0
  • Days On Market: 71
  • Additional Information
  • County: LOS ANGELES
  • City: Santa Monica
  • Zipcode: 90404
  • Provided by: Berkshire Hathaway HomeServices California Propert
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    First time on the market! Great value add opportunity on this very well maintained 10 unit property. Some rents can be raised to the MARs (Buyer to confirm with Santa Monica Rent Control). There are (6) 2 bedrooms/1 3/4 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. The 2 front units are split level with high ceilings. Good long term upside in rents. Close to restaurants and shopping in sunny Santa Monica! Gross Annual Income using current rents is $237,884. This should improve to approximately $250,352 with the several rents which can be raised to match MARs. The Gross Income, GRM and Cap rate below are based on $250,352 Gross. See current Rent Roll with potential increases (see documents tab). Property will need soft story retrofit. Seller has provided two contractor proposals (see documents tab). Inside with an accepted offer. Please do not disturb tenants. Please text for the quickest response. Voicemail and email also answered promptly. Thank you for your interest!
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Features
Architectural Style
  1. Traditional
Building Area Total
  1. 8498.00
Cooling
  1. None
Country
  1. US
Electric Expense
  1. 1745.00
Entry Location
  1. Main Level
Gardner Expense
  1. 4645.00
Heating
  1. Natural Gas
Insurance Expense
  1. 12133.00
Laundry Features
  1. Community
Levels
  1. Two
Netoperatingincome
  1. 149252.00
Newtaxesexpense
  1. 43750.00
Otherexpense
  1. 12124.00
Parcel Number
  1. 4282022008
Parking Features
  1. Carport
  2. Covered
  3. Garage - Two Door
Sourcesystemkey
  1. 24-458595:CLAW
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 100100.00
Uncovered Spaces
  1. 2.00
View
  1. Park/Greenbelt
Views
  1. 12
Virtual Tour Url
  1. https://tour.caimagemaker.com/l/?id=181810IDX
Water Sewer Expense
  1. 7363.00
Year Built
  1. 1967
Zoning
  1. SMR3*