1438 14th Street

Santa Monica, CA 90404

  • 16 Bed(s)
  • 0 Bath(s)
  • 8,498 Sqft
  • 7491
    Sqft(Lot)
$3,500,000

Description

12.5 grm with maximum allowable rents (mars) in place! rents and gross income, listed below, are with mars. first time on the market! great value-add opportunity on this 10 unit property. current rents are 15% below the city of santa monica mars. raise the rents with proper notice to the tenants (buyer to confirm with santa monica rent control). gross annual income using mars is $280,556 (12.5 x gross). gross annual income using current rents is $237,884. see current rent roll and mar rent roll (see documents tab). there are (6) 2 bedrooms/2 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. the 2 front 2 bedrooms/2 bathroom units are split level with high ceilings. good long term upside in rents. close to restaurants and shopping in sunny santa monica! seller provided a soft-story retrofit proposal (see documents tab) inside with an accepted offer. please do not disturb tenants. please text for the quickest response. voicemail and email also answered promptly. thank you for your interest!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Traditional

  • AD ID

    47585877

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Natural Gas
    • Has Heating

  • Building Information

    • Year Built: 1967
    • Building Area Total: 8,498

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.172
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7491

  • Listing Price Information

    • Original List Price: 3,500,000
    • Listing Contract Date: 2024-11-08

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4282022008

  • Garage and Parking

    • Garage Description: Covered,Carport,Door-Multi,Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C14 - Santa Monica
    • Directions: Between Santa Monica Blvd and Broadway
    • Zoning: SMR3*
    • Source Property Type: Residential Income
    • Area: C14 - Santa Monica

    Building and Construction

    • Property Age: 57
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 8498
    • Entry Location: Main Level
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 03:23

  • MLS: 24458595
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 8,498 sqft, 7,491 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.