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    1318 Yale St

    Santa Monica, CA 90404
    • $2,795,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: 20-618120
    UPDATED: 30 min ago
    $2,795,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,438
      SQFT
    • $813
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to offer for sale a six-unit apartment community located at 1318 Yale Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street. Consisting of single-story cottage style units on a 7,517 square foot parcel, the property is comprised of five one-bedroom units and one single. The property will be delivered with four out of six units vacant, allowing new ownership to immediately upgrade units to capture market rents. Current ownership has renovated all 6 units within the last 10 years with hard wood flooring, Italian porcelain tiling and dual pane windows. The current ownership has also invested in a new roof, upgraded the wood decking and aesthetic upgrades to the vacant units and landscaping. Each unit includes a semi-private redwood deck and patio. Additionally, the property has been extremely well maintained. Due to its 1947 construction, the property is subject to Santa Monica rent control.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T16:42:22.217. 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/108863490
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    1318 Yale St Santa Monica, CA 90404

    • Price: $2,795,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 20-618120
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,438
    SQFT
    $813
    $/SQFT
    1947
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    We are pleased to offer for sale a six-unit apartment community located at 1318 Yale Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street. Consisting of single-story cottage style units on a 7,517 square foot parcel, the property is comprised of five one-bedroom units and one single. The property will be delivered with four out of six units vacant, allowing new ownership to immediately upgrade units to capture market rents. Current ownership has renovated all 6 units within the last 10 years with hard wood flooring, Italian porcelain tiling and dual pane windows. The current ownership has also invested in a new roof, upgraded the wood decking and aesthetic upgrades to the vacant units and landscaping. Each unit includes a semi-private redwood deck and patio. Additionally, the property has been extremely well maintained. Due to its 1947 construction, the property is subject to Santa Monica rent control.
    Exterior Features

    Lot Size Area 7517 Other Structures None Parking Garage Garage - 2 Car Total Parking 2

    Interior Features

    Baths Total 6.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 166970 Gross Operating Income 171540 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 121748.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 45185 Type Of Units Residential Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T16:42:22.217. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377