1427 15th Street

Santa Monica, CA 90404

  • 18 Bed(s)
  • 0 Bath(s)
  • 8,623 Sqft
  • 7495
    Sqft(Lot)
$1,900,000

Description

Receivership sale! we are pleased to present 1427 15th street, a 10 unit apartment building in santa monica. eight of the 10 units are deed-restricted to 30% ami affordability, limiting rent levels on those 8 units to $832 for 1 bedroom units and $988 for 2 bedroom units. however, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are not deed-restricted and can be leased out at market rents. both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. the top floor 3 bed 2 bath "owner's unit" which offers incredible amazing city views from the balcony is perfect for an owner/user. the property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. there is potential to convert the two-car garages into market-rate adus (buyer to verify with the city). in total there are 7 vacant units (4 rent ready and 3 gutted units). santa monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. the mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's robust rental market. note: property sale is subject to court confirmation including a 60-day appeal period and may be subject to overbid. as such, seller cannot guarantee a particular sale date.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47155782

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Property Details

  • Bedroom Information

    • Total Bedrooms : 18

    Bathroom Information

    • Total Baths: 13
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator,Dryer,Washer

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1968
    • Building Area Total: 8,623

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1721
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7495

  • Listing Price Information

    • Original List Price: 1,900,000
    • Listing Contract Date: 2024-10-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4282020019

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C14 - Santa Monica
    • Postal Code Plus 4: 2721
    • Directions: West on Santa Monica Blvd and South on 15th St
    • Zoning: SMR3*
    • Source Property Type: Residential Income
    • Area: C14 - Santa Monica

    Building and Construction

    • Property Age: 56
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 8623
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/17/2024 @ 12:47

  • MLS: 24451475
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 18 bedrooms which is for sale, it has 8,623 sqft, 7,495 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Monica , in zip code 90404, this Los Angeles County Home are nearby neighborhoods.