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. 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 under documents. there are (6) 2 bedrooms/2 bathrooms and (4) 1 bedroom/1 bathroom apartments.10+ car parking. good long term upside in rents. close to restaurants and shopping in sunny santa monica! seller is obtaining the pricing for the soft-story retrofit. 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 11/17/2024 @ 12:47

  • 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.