1442 Stanford Street

Santa Monica, CA 90404

  • 11 Bed(s)
  • 0 Bath(s)
  • 7,204 Sqft
  • 7813
    Sqft(Lot)
$2,675,000

Description

Just reduced 10/16/2024! incredible opportunity in prime santa monica. approved plans for two adu units! permits are ready to issue once fees are paid, meaning a buyer can break ground immediately upon closing. the addition of these units creates an exceptionally high cap rate for a multifamily property in prime santa monica! we are pleased to present for sale a high-quality multifamily asset in prime santa monica, ca. 1442 stanford street was built in 1964 and features 7 units with a gross square footage of 7,204. these spacious floorplans feature 1 and 2-bedroom options. there are (4) 2-bedroom, 2-bathroom units and (3) 1-bedroom, 1-bathroom units. two of the units have been highly upgraded to include kitchens with quartz counters and shaker cabinets, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring and recessed lighting. 1442 stanford is ideally located just south of santa monica boulevard with easy access to both the beach and the greater westside. downtown santa monica is 2 miles to the west while west la and the 405 freeway lie only 1.5 miles east. the stretch of santa monica boulevard immediately adjacent to 1442 stanford has seen quite a bit of recent development. the 50-unit project at 2828 santa monica was recently completed by laterra and another 88-unit project is slated to break ground on the opposite corner to the east. stanford is also walking distance to many neighborhood attractions including outstanding restaurants, bars, and retail along santa monica blvd, broadway, and wilshire boulevard just to the north. for the savvy investor, 1442 stanford st provides a well-managed and highly sought after property with significant future upside potential in one of the most desirable locations los angeles has to offer. 1442 stanford st's assumable loan has an approximate balance of $1.375m with i/o payments and a fixed rate of 4.50% until 11/1/2029.

  • Property Type

    Residential Income

  • Subdivision

    Fallbrook

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46118862

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Property Details

  • Bedroom Information

    • Total Bedrooms : 11

    Bathroom Information

    • Total Baths: 11
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1964
    • Building Area Total: 7,204

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1794
    • Lot Size Dimensions: 48x162
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7813

  • Listing Price Information

    • Original List Price: 2,675,000
    • Listing Contract Date: 2024-06-18

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4267018019

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: C14 - Santa Monica
    • Postal Code Plus 4: 3158
    • Directions: Between Santa Monica and Broadway
    • Zoning: SMR2*
    • Source Property Type: Residential Income
    • Area: C14 - Santa Monica

    Building and Construction

    • Property Age: 60
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7204
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/17/2024 @ 15:31

  • MLS: 24405337
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 11 bedrooms which is recently sold, it has 7,204 sqft, 7,813 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 , it is in the FALLBROOK Subdivision, are nearby neighborhoods.