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    1101 16th Street

    Santa Monica, CA 90403
    • $1,995,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: SR21025261
    UPDATED: 42 min ago
    $1,995,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,278
      SQFT
    • $876
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Extremely well located Santa Monica fourplex. Potential to have one of the units delivered vacant for owner-user at close of escrow. Four one bedroom one bathroom units with between 500-650 square feet. Total unit income is $8,194 per month. Additionally, two of the garages are rented out for $125 and $200, and an additional two garages will be delivered vacant at the COE and each can be rented out for approximately $225. Plus theres a large storage room receiving $600/month in rental income. Total monthly income is $9,569. Located one block north of Wilshire Blvd. the property is extremely walkable. Well maintained and professionally managed. Soft-story retrofit needed.

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    Based on information from CRISNet MLS as of 2021-03-01T13:56:29.893. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-03-01T13:56:29.893. 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.lydiagable.com/homes/114016744
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    1101 16th Street Santa Monica, CA 90403

    • Price: $1,995,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: SR21025261
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,278
    SQFT
    $876
    $/SQFT
    1940
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Extremely well located Santa Monica fourplex. Potential to have one of the units delivered vacant for owner-user at close of escrow. Four one bedroom one bathroom units with between 500-650 square feet. Total unit income is $8,194 per month. Additionally, two of the garages are rented out for $125 and $200, and an additional two garages will be delivered vacant at the COE and each can be rented out for approximately $225. Plus theres a large storage room receiving $600/month in rental income. Total monthly income is $9,569. Located one block north of Wilshire Blvd. the property is extremely walkable. Well maintained and professionally managed. Soft-story retrofit needed.
    Exterior Features

    Levels Two Lot Features Corner Lot Lot Size Area 4987.0000 Parking Features Assigned Parking Total 8.00 Parking YN Yes Uncovered Spaces 4.00

    Interior Features

    Common Walls 1 Common Wall Laundry Features None Laundry YN No

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features BikingCurbsStreet LightsUrban Electric Expense 600.00 Fuel Expense 973.00 Gardener Expense 2255.00 Gross Income 115128.00 Gross Multiplier 17.33 Gross Operating Income 111674.00 Gross Scheduled Income 115128.00 Insurance Expense 1867.00 Land Lease YN No Maintenance Expense 4476.00 Net Operating Income 73028.00 New Construction YN No New Taxes Expense 23940.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 38647.00 Pest Control Expense 541.00 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer NonePublic Sewer Special Listing Conditions Standard Total Expenses 38647.00 Trash Expense 0.00 Water Sewer Expense 2783.00 Water Source Public Zoning Smr2*

    Listing provided courtesy of Warren Berzack, CA DRE# 01329015, of Lee & Associates.


    Based on information from CRISNet MLS as of 2021-03-01T13:56:29.893. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-03-01T13:56:29.893. 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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    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377