Active
$4,295,000
10 Units
13 Beds
12 Baths
7,374 Area(sq.ft.)
Lot: 7,519 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,595 | $ 2,595 | $ 2,995 |
| Unit 10 | 1 | 3 | 2 | No | $ 3,348 | $ 3,348 | $ 4,495 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,885 | $ 2,885 | $ 2,895 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,123 | $ 2,123 | $ 2,895 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,250 | $ 1,250 | $ 2,995 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,595 | $ 2,595 | $ 2,895 |
| Unit 6 | 1 | 2 | 2 | No | $ 3,218 | $ 3,218 | $ 3,895 |
| Unit 7 | 1 | 1 | 1 | No | $ 2,300 | $ 2,300 | $ 2,995 |
| Unit 8 | 1 | 1 | 1 | No | $ 2,028 | $ 2,028 | $ 2,895 |
| Unit 9 | 1 | 1 | 1 | No | $ 2,552 | $ 2,552 | $ 2,995 |
| 10 | 13 | 12 | $ 24,894 | $ 24,894 | $ 31,950 |
| MLS #: | 25539339 |
| Days On Market: | 204 |
| Listing Date: | May 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 582 |
| Price per unit: | $ 429,500 |
| Year Built: | 1957 |
Property Details
This property can be purchased individually or with 917 5th St, 1 block away. Roque & Mark Co. is pleased to represent this amazing Santa Monica 10 unit property, just steps to Montana Ave and 5 blocks to the beach! Short walk to Palisades Beach park. Excellent unit mix consisting of (1) 3 beds+2 baths, (1) 2 bed+2 baths, and (8) 1 bed+ 1 bath. Most units have a private balcony. The property is fully occupied and currently offered at a 14.3 GRM and 4.6 CAP rate. 7 individual parking spaces and 10 if used as tandem. All soft-story retrofitting and balcony inspections have been completed. The property has copper plumbing, a newer roof, and most units have been luxuriously upgraded. Community laundry room. Subject to City of Santa Monica rent control.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 5999% |
| Gross Operating Income: | $ 293,929 |
| Total Annual Expense: | $ 99,987 |
| Net Operating Income: | $ 193,942 |
| Gross Annual Income: | $ 299,928 |
| Cap Rate: | 4.51% |
| Gross Rent Multiplier: | 14.30 |
Structure
| Type of Units: | Apartment |
| Buildings: | 1 |
| Levels: | One |
| Security Features: | Gated |
| Style: | Traditional |
| Sewer: | In Street |
| Water: | District |
Land & Parking
| Zoning: | SMR2* |
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Driveway |
| Total Parking: | 10 |
Interior
| AC/Cooling: | None |
| Equipment: | Dishwasher, Built-Ins, Microwave, Garbage Disposal |
| Heating: | Wall |
| Laundry: | Community |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
| Roof: | Composition |
Detailed Map
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