1453 Centinela ave, Santa Monica, CA 90404
Active
$2,250,000
2%
4 Units
6 Beds
4 Baths
3,123 Area(sq.ft.)
Lot: 7,568 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | 1 | 1 | No | $ 2,329 | $ 6,987 | $ 2,650 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,500 | $ 3,500 | $ 3,550 |
| 4 | 5 | 4 | $ 10,487 | $ 24,461 | $ 11,500 |
| MLS #: | 25519829 |
| Days On Market: | 248 |
| Listing Date: | April 2, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 720 |
| Price per unit: | $ 562,500 |
| Year Built: | 1939 |
Property Details
We thrilled to offer an exclusive opportunity to acquire 1453 Centinela Avenue, a beautiful gated 4-Unit Apartment building located in the Mid-City Submarket of Santa Monica. Built in 1939, 1453 Centinela Avenue has been well managed with quality renovations within each unit while still maintaining its vintage character. The opportunity sits on a 7,566 Square Feet lot with a total of Two Structures. The front Duplex contains (2) One Bedroom One Bathroom units while the back Duplex consists of (1) Two Bedroom One Bathroom unit and (1) One Bedroom One Bathroom unit. Additionally, there is an additional living space within the back structure that has the possibility to be converted to an ADU. This is a studio styled space with a wet bar, bathroom, and is separately metered. Lastly, the property contains (4) one car garages on site that could provide additional value add ability, buyer to verify. Conveniently located just south of Santa Monica Blvd, tenants of 1453 Centinela Avenue have no shortage of things to do. From vibrant nightlife to an ample selection of fine dining, daily necessities, and retail amenities. Providing easy access to all that Santa Monica has to offer as well as seamless transit to the surrounding West Los Angeles area. 1453 Centinela Avenue offers a unique opportunity to traditional or owner-occupied investors to acquire a quality asset with the opportunity to capitalize on additional value that can be added.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 143,672 |
| Total Annual Expense: | $ 44,243 |
| Net Operating Income: | $ 99,429 |
| Gross Annual Income: | $ 125,847 |
| Cap Rate: | 4.42% |
| Gross Rent Multiplier: | 15.26 |
Structure
| Type of Units: | Dwellings |
| Buildings: | 2 |
| Levels: | One |
| Security Features: | Card/Code Access, Gated |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Other |
Interior
| AC/Cooling: | Other, Air Conditioning |
| Equipment: | Other |
| Heating: | Other |
Exterior
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