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Listing 9 out of 269
$3,549,000 Pending

1034 14 Street
Santa Monica, CA 90403

13 beds, 10 baths | Residential Income
8,204 sq ft; lot: 7405 sq ft lot - MLS# 319003275
Property Photo
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Description

1034 14th is a 10 unit building located in the highly sought out Wilshire/Montana Corridor, in Santa Monica California. The property is Mid-Century Style building, conveniently located 14 blocks west of the beach. The building counts with six 2 bedroom and 1 bath units, there is also four 1 bedroom 1 bath units. Great Location, potential, architecture, just a great package. This is a Rent Control Building.

Features

  • Property Type: Residential Income
  • Sub Type: Other (L)
  • Listing Status: Pending
  • County/Area: Los Angeles County
  • Zip Code: 90403
  • Year Built: 1959
  • Subdivision/Neighborhood: Santa Monica (C14)
  • Sq.Ft.: 8,204 sq ft
  • Stories: 2-Story
  • Bedrooms: 13
  • Full Baths: 10
  • Garage: 6+-Car
  • # of Parking Spaces: 12
  • Lot Size: 7405 sq ft lot
  • Baths: 10
  • Zoning: SMR2*
  • Actual Annual Gross Rent: 195228.00
  • Actual Gross Annual Income: 195228.00
  • Adjusted Gross Income: 195228.00
  • Agent License Number: 00930706
  • Alley: Yes
  • Cap Rate: 3.52
  • City Code: 10000054288
  • Common Walls: Attached
  • Cooking Appliances: Range
  • Covered Spaces Total: 8
  • Expense Operating: 70227.00
  • Expense Operating Percent: 36.0
  • Floor Material: Carpet, Wood
  • Gross Rent Multiplier: 18.18
  • Levels: Two Level
  • Lot Size SQFT: 7524
  • Lot Size Source: Public Records
  • Monthly Gross Income: $16,269
  • Net Operating Income: 125001.00
  • Number Electric Meters: 10
  • Number Gas Meters: 10
  • Number Of Buildings: 1
  • Number Water Meters: 1
  • Open Other Spaces Total: 4
  • Owner Pays: Water
  • Square Footage Source: Public Records
  • Tenant Pays: Electricity, Gas
  • Total Garage Spaces: 8
  • Units In Complex: 10
Courtesy of Keller Williams R.e. Services, Carlos Borraez (CalBRE: 00930706)

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Tom Swanson
Exclusive Realty, Inc.
2945 Westwood Blvd
Los Angeles, CA 90064
Phone: 310-702-8559
Email: Tom@WestsideTom.com

Testimonials

Tom Swanson represented me in a very successful real estate purchase last year. Tom paid close attention to my property selection criteria and saved me a great deal of time by only sharing listings that met my criteria. Once we found the desired property, Tom moved quickly to submit my offer, facilitate removal of contingencies, negotiate terms and concessions, and ultimately close the deal for under asking price. I have referred Tom to several family and friends and have engaged him to assist me with the pursuit of my next real estate purchase mitchnahass
Tom is not only a leader to his agents and an amazing professional. He is the kind of person who changes the face of Real Estate by his kindness, his courtesy and his entrepreneurial spirit. He always finds time to make himself available when you need him. Anaik Levy
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