1421 Yale Street
Santa Monica, CA 90404
- – beds
- – baths
- – sqft
- 7,790 sqft lot
- 1971 build
- – on site
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We are pleased to offer for sale an incredible multifamily asset located at 1421 Yale Street in the heart of LA's famed beach city of Santa Monica. Built in 1971, the building boasts an incredible unit mix consisting of all large 2 & 3-bedroom townhouse floor plans (except for one single-level unit). Each of these units is very spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has massive rental upside, as current rents hover around $1.18/SQFT. The unit mix includes (2) 3-bed, 2-1/2-bath townhouse units, (2) 3-bed, 2-bath townhouse units, (1) 2-bed, 1-1/2-bath townhouse unit, and (1) 2-bed, 2-bath standard unit. At only $280/SQFT, this is a fantastic trophy asset in an undeniably attractive location that offers investors a quintessential "value add" opportunity. A quick walk to high-end dining, nightlife venues, and public transportation, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Last checked:
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Last updated Jun 11, 2024
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MLS# 23337461 —
The Building
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Year Built:1971
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New Construction:No
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Building Area Total:8934.00
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Total Number Of Units:6
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:Yale south of Santa Monica
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Latitude:34.03524200
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Longitude:-118.47057500
The Property
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Property Type:Residential Income
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Zoning:SMR2*
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Lot Size Area:7790.0000
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Lot Size Acres:0.1788
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Lot Size SqFt:7790.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4267018010
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport, Garage
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Parking Spaces:11.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/11/24
Jun 11, 2024
|
Sold | CRMLS_CA | $2,100,000 | -15.8% |
|
1/8/24
Jan 8, 2024
|
Pending | CRMLS_CA | $2,495,000 | |
|
12/5/23
Dec 5, 2023
|
Listed / Active | CRMLS_CA | $2,495,000 |
