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1428 15th St

Santa Monica, CA 90404
  • $5,400,000
  • STATUS: Active Under Contract
  • ON SITE: 97 Days
  • ID#: 21-798318
Under Contract
$5,400,000
  • 17
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,536
    SQFT
  • $513
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:

School Ratings & Info

Description

1428 15th St is an eleven-unit three-story wood frame and stucco apartment building built in 1969.The unit mix consist of five one-bedroom one-bathroom units, four two bedroom one-bathroom units, and two two-bedroom two-bathroom units. Unit #201 is vacant and newly remodeled. All other units have been remodeled except units #303 and #304, allowing a new investor to increase rents in the future. Amenities include: renovated laundry room, twelve parking spaces, and solar assisted hot water heater. The plumbing has been updated with copper pipes and the earthquake retrofit has been completed. The building is in walking distance to UCLA Santa Monica Medical Center, as well as many local shops and eateries such as Truxton's American Bistro, Coffee Commissary, and Co-Op Market & Deli.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T23:42:36.587. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.lahomedeals.com/homes/122690537
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1428 15th St Santa Monica, CA 90404

  • Price: $5,400,000
  • Status: Active Under Contract
  • On Site: 97 Days
  • ID#: 21-798318
17
Beds
0
Baths
0
½ Baths
0.17
Acres
10,536
SQFT
$513
$/SQFT
1969
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
1428 15th St is an eleven-unit three-story wood frame and stucco apartment building built in 1969.The unit mix consist of five one-bedroom one-bathroom units, four two bedroom one-bathroom units, and two two-bedroom two-bathroom units. Unit #201 is vacant and newly remodeled. All other units have been remodeled except units #303 and #304, allowing a new investor to increase rents in the future. Amenities include: renovated laundry room, twelve parking spaces, and solar assisted hot water heater. The plumbing has been updated with copper pipes and the earthquake retrofit has been completed. The building is in walking distance to UCLA Santa Monica Medical Center, as well as many local shops and eateries such as Truxton's American Bistro, Coffee Commissary, and Co-Op Market & Deli.
Exterior Features

Lot Size Area 7519 Other Structures None Parking Garage CarportCovered Parking Total Parking 0

Interior Features

Baths Total 13.00 Cooling None Equipment Refrigerator Heating None Laundry Community

Property Features

Gross Income 323604 Gross Operating Income 315109 Like Units1 5 Like Units2 4 Like Units3 2 Net Operating Income 216747.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 98362 Type Of Units 11 Year Built Source Vendor Enhanced Zoning Smr3*

Listing provided courtesy of Benjamin Lewin DRE# of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T23:42:36.587. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Bobnes Group Real Estate | eXp Realty
3512 Magnolia Blvd
Burbank CA, 91505