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    1818 19th Street

    Santa Monica, CA 90404
    • $2,999,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: SR20197038
    UPDATED: 16 min ago
    $2,999,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,624
      SQFT
    • $533
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    NONE RENT CONTROL Building. Units are current at rents, and have never been late on COVID time. Building was constructed in 1957 and was placed in this location on 1988. (Santa Monica city records shows as non rent control, buyer and agent to verify the information with city)Great area of Santa Monica, close to Santa Monica Collage. Two story building with 6 units. Building and units have been remodeled. There are Two 3B/2B and four 1B/1B.There are eight parking spots in the back of the units. Separate laundry room, double pane windows, tile roof, raised foundation. There are seven electric meters, seven gas meters and one water meter. Low vacancy and low maintenance! Close to Freeway 10, shopping, beach, restaurants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T17:27:45.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110247172
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    1818 19th Street Santa Monica, CA 90404

    • Price: $2,999,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: SR20197038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,624
    SQFT
    $533
    $/SQFT
    1957
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    NONE RENT CONTROL Building. Units are current at rents, and have never been late on COVID time. Building was constructed in 1957 and was placed in this location on 1988. (Santa Monica city records shows as non rent control, buyer and agent to verify the information with city)Great area of Santa Monica, close to Santa Monica Collage. Two story building with 6 units. Building and units have been remodeled. There are Two 3B/2B and four 1B/1B.There are eight parking spots in the back of the units. Separate laundry room, double pane windows, tile roof, raised foundation. There are seven electric meters, seven gas meters and one water meter. Low vacancy and low maintenance! Close to Freeway 10, shopping, beach, restaurants.
    Exterior Features

    Fence YN Yes Fencing Vinyl Foundation Details Raised Garage Spaces 0.00 Lot Features Back YardFront Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Tile Uncovered Spaces 8.00

    Interior Features

    Appliances Gas OvenGas RangeGas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateTileVinyl Heating Wall Furnace Heating YN Yes Interior Features Granite Counters Laundry Features Common Area Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.10 Community Features Sidewalks Country Us Electric Expense 660.00 Elevation Units Feet Fuel Expense 900.00 Gardener Expense 1200.00 Gross Income 178740.00 Gross Multiplier 16.70 Gross Operating Income 176059.00 Gross Scheduled Income 178740.00 Insurance Expense 1840.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1200.00 Laundry YN Yes Licenses Expense 200.00 Maintenance Expense 2440.00 Maintenance Percent 1.30 Net Operating Income 121095.00 New Construction YN No New Taxes Expense 39360.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Number Of Units Leased 6 Operating Expense 54964.00 Operating Expense Percent 3.10 Other Expense 135.00 Other Expense Description Fire Dep Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 14695.00 Total Expenses 54964.00 Trash Expense 2784.00 Vacancy Allowance 2681 Vacancy Allowance Rate 1.50 Water Sewer Expense 5400.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of May Motamedi of Realty America Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T17:27:45.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003