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1101 16th ST Santa Monica, CA 90403
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Key Details
Sold Price $1,880,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,278 sqft
Price per Sqft $825
MLS Listing ID SR21025261
Sold Date 04/01/21
HOA Y/N No
Year Built 1940
Lot Size 4,987 Sqft
Acres 0.1145
Property Description
Extremely well located Santa Monica fourplex. Potential to have one of the units delivered vacant for owner-user at close of escrow. Four one bedroom one bathroom units with between 500-650 square feet. Total unit income is $8,194 per month. Additionally, two of the garages are rented out for $125 and $200, and an additional two garages will be delivered vacant at the COE and each can be rented out for approximately $225. Plus there’s a large storage room receiving $600/month in rental income. Total monthly income is $9,569. Located one block north of Wilshire Blvd. the property is extremely walkable. Well maintained and professionally managed. Soft-story retrofit needed.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Street Lights, Urban
Utilities Available Sewer Not Available
Parking Type Assigned
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer, None
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4281004022
Energy Description 973.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Warren Berzack • Lee & Associates
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