1419 Stanford St, Santa Monica, CA 90404
1419 Stanford St, Santa Monica, CA 90404
1419 Stanford St, Santa Monica, CA 90404
1419 Stanford St, Santa Monica, CA 90404
1419 Stanford St, Santa Monica, CA 90404
1419 Stanford St, Santa Monica, CA 90404
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$ 2,495,000
Est. payment | /mo

11 Beds

7 Baths

4,800 SqFt


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$ 2,495,000
Est. payment | /mo
Save

11 Beds

7 Baths

4,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $519

MLS Listing ID 26857251

Bedrooms 11

Year Built 1958

Lot Size 7,824 Sqft

Acres 0.1796

Property Sub-Type Multi-Family

Property Description

Exceptional investment opportunity in the heart of Santa Monica! This six unit income property features two separate buildings on one lot and offers an outstanding opportunity for investors or owner occupants seeking a value add asset in one of the Westside's most desirable rental markets. The unique configuration includes a detached single family residence in the front and a separate five unit apartment building in the rear, offering exceptional flexibility and long term investment potential. The front home, which is currently leased, offers approximately 1,200 square feet with 2 bedrooms, 2 bathrooms, and a den. The rear building is a two story, five unit apartment building consisting of four 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. Most units have been tastefully updated, and most windows throughout the property have been recently replaced, providing enhanced energy efficiency, comfort, and curb appeal. The front house also features a recently installed roof. The property includes six on site parking spaces, four of which are covered, along with a community laundry room. One 2 bedroom, 1 bathroom unit and one 1 bedroom, 1 bathroom unit are currently vacant, presenting an immediate opportunity to lease at current market rents and significantly increase cash flow. Current rental income reflects the existing occupancy, with pro forma gross rental income projected to exceed $16,000 per month. Buyer to independently verify all income, expenses, rental projections, square footage, and all other information. Ideally situated just minutes from Santa Monica's world famous beaches, Main Street, Downtown Santa Monica, Montana Avenue, premier shopping, dining, parks, and convenient transportation, this is a rare opportunity to acquire a well maintained income property with immediate upside potential in one of Southern California's strongest and most sought after rental markets.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms Other

Interior

Heating Combination

Cooling Air Conditioning

Equipment Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Freezer, Built-Ins, Microwave, Washer, Refrigerator, Range/Oven

Laundry Community

Exterior

Parking Features Carport, Driveway

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by BEKERIS

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida, 32202, United States

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1419 Stanford St