Homes for sale - 1438 14th St, Santa Monica, CA 90404

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Dec

Thu

Dec

Fri

Dec

Peter Lorimer

peter@plgestatesinc.com +1(310) 666-7383

$ 3,500,000

Est. payment | -/mo

16 Beds

14.5 Baths

8,498 SqFt

Save Virtual Tour

$ 3,500,000

Est. payment | -/mo

Save Virtual Tour

16 Beds

14.5 Baths

8,498 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,498 sqft

Price per Sqft $411

MLS Listing ID 24-458595

Style Traditional

Bedrooms 16

Year Built 1967

Lot Size 7,491 Sqft

Acres 0.172

Property 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!

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR3*

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Equipment Other

Laundry Community

Exterior

Parking Features Carport, Covered Parking, Garage - 2 Car

Garage Spaces 10.0

View Y/N Yes

View Green Belt

Building

Story 2

Water Water District

Architectural Style Traditional

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Berkshire Hathaway HomeServices California Propert

Making real estate fast, fun, and stress-free!

+1(310) 666-7383

peter@plgestatesinc.com

1438 14th St Santa Monica, CA 90404