1438 14th Street
Santa Monica, CA 90404
- – beds
- – baths
- – sqft
- 7,491 sqft lot
- 1967 build
- – on site
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!
Last checked:
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Last updated Nov 16, 2024
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MLS# 24458595 —
The Building
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Year Built:1967
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New Construction:No
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Architectural Style:Traditional
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Building Area Total:8498.00
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# of Buildings:1
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Total Number Of Units:10
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Stories Total:2
Interior
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Levels:Two
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Entry Location:Main Level
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Laundry:Community
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Laundry:1
Location
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Directions:Between Santa Monica Blvd and Broadway
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Latitude:34.02304500
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Longitude:-118.48501000
The Property
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Property Type:Residential Income
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Zoning:SMR3*
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Lot Size Area:7491.0000
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Lot Size Acres:0.1720
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Lot Size SqFt:7491.00
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View:1
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View:Park/Greenbelt
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:4282022008
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Showings Begin:2024-11-08
Heating & Cooling
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Heating:1
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Heating:Natural Gas
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Cooling:No
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Cooling:None
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport, Covered, Garage - Two Door
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Parking Spaces:10.00
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Uncovered Spaces:2.00
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 |
|---|---|---|---|---|
|
11/8/24
Nov 8, 2024
|
Listed / Active | CRMLS_CA | $3,500,000 |
