1438 14th Street
Santa Monica, CA 90404
- – beds
- – baths
- – sqft
- 7,491 sqft lot
- 1967 build
- – on site
First time on the market! Great value-add opportunity on this very well maintained 10 unit property. Some rents can be raised to the MARs (Buyer to confirm with Santa Monica Rent Control). There are (6) 2 bedrooms/1 3/4 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. The 2 front units are split level with high ceilings. Good long term upside in rents. Close to restaurants and shopping in sunny Santa Monica! Gross Annual Income using current rents is $237,884. This should improve to approximately $250,352 with the several rents which can be raised to match MARs. The Gross Income, GRM and Cap rate below are based on $250,352 Gross. See current Rent Roll with potential increases (see documents tab). Property will need soft-story retrofit. Seller has provided two contractor proposals (see documents tab). 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!
Listed By CRMLS_CA / David Putnam / Berkshire Hathaway HomeServices California Properties
Last checked:
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Last updated Dec 19, 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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Building Area Total:8498.00
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Total Number Of Units:10
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# of Buildings:1
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Architectural Style:Traditional
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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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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, 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 |