Los Angeles, Residential Income – 834 4th St, Santa Monica, CA 90403, USA -001-11-30T00:00:00-08:00
A + + Location! Very Rare Investment Opportunity. Only changed ownership once in about past 30 + Years. Almost a 3% CAP, less than $550 per sq ft and about $561,000 cost per unit. About 30% to 40% upside in rents, 5 units will be delivered vacant at Close of
834 4th St, Santa Monica, CA 90403, USA
$17,950,000 USD
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Address834 4th Street, Santa Monica
Price$17,950,000
Year Built1972
Bedrooms Total0
Living Area32,856
Lot Size (Sq.Ft.)15,298
Listing ID17269286
StatusActive
Parcel Number4292017033
ZoningSMR3
Special ConditionsStandard
Days on Market8

Detailed Description: A + + Location! Very Rare Investment Opportunity. Only changed ownership once in about past 30 + Years. Almost a 3% CAP, less than $550 per sq ft and about $561,000 cost per unit. About 30% to 40% upside in rents, 5 units will be delivered vacant at Close of Escrow. Some of the features include Swimming Pool, Gym, Elevator, On Site Laundry, Copper plumbing, Tenant Storage Spaces, Controlled Access Entry, Subterranean Parking. Please see Docs section for Offering Memorandum. Also, please see listing on MLS at 16100 Sunset Blvd., Pacific Palisades, CA. Non Rent Control, 20 units built in 1995. $15.2 million.

Cooling
Association
Laundry
Parking
Pool Private
Appliances

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Address Information
Address834 4th Street, Santa Monica
Street SuffixStreet
CitySanta Monica
Location (MLS Area)C14 – Santa Monica
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90403
Financial Information
Price per Square Foot$546.32
Price per Lot Square Foot$1,173.36
Special ConditionsStandard
Total Expenses$402,919
Gross Operating Income$918,511
Net Operating Income$515,592
Gross Multiplier19.5%
Tax Year2000
Full Descriptions
Parcel Number4292017033
Detailed DescriptionA + + Location! Very Rare Investment Opportunity. Only changed ownership once in about past 30 + Years. Almost a 3% CAP, less than $550 per sq ft and about $561,000 cost per unit. About 30% to 40% upside in rents, 5 units will be delivered vacant at Close of Escrow. Some of the features include Swimming Pool, Gym, Elevator, On Site Laundry, Copper plumbing, Tenant Storage Spaces, Controlled Access Entry, Subterranean Parking. Please see Docs section for Offering Memorandum. Also, please see listing on MLS at 16100 Sunset Blvd., Pacific Palisades, CA. Non Rent Control, 20 units built in 1995. $15.2 million.
Interior FeaturesElevator
Laundry FeaturesArea
Cooling DescriptionCentral
Property ConditionBuilding Permit
Appliances DescriptionGarbage Disposal, Water Heater Central, Refrigerator, Dishwasher
Parking FeaturesSubterranean
Pool FeaturesAbove Ground
Property parameters
Year Built1972
Living Area (Sq.Ft.)32,856
Lot Size (Sq.Ft.)15,298
Lot Size (Acres)0.35
Lot Size SourceSee Remarks
Number of Buildings1
Number of Units Total32
ZoningSMR3
Stories Total3
Units Total32
Cap Rate (For Cash Payment Only)2.9
Listed withStephen Saltzman (Keller Williams-Santa Monica)