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PENDING

1318 19th Street, Santa Monica, CA 90404$2,475,000

3
beds
3
baths
3970
ft2
· 7491
ft2 lot
$623 / ft2

Listing provided courtesy of , Stepp Commercial
Source CRMLS;
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Presenting 1318 19th Street, six bungalow-style units located in prime Santa Monica. The property consists of (1) two-bedroom/one-bath unit, (3) one-bedroom/one-bath units, and (2) studio units. These sizable apartments offer private entrances, hardwood floors, in-unit washer/dryers, stainless steel appliances and lots of natural light. Five garages are available for parking or storage. No seismic retrofit work needed. With a Walk Score of 92, the property provides easy, walkable access to all amenities for daily errands. The building is just blocks from Whole Foods Market, Trader Joes, coffee shops, world class restaurants, retail and healthcare providers. With 20% upside potential in rents, this property offers investors a value-add opportunity for future rent growth.

HOA

$0/month

On market

3 months

Year built

1955

Property type

Multi-Family

Parking

5

MLS

21782246

Price / Sq.Ft.

$623 / ft2

Status

Pending

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Home details for 1318 19th Street

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included
•   
Appliances: Gas Oven, Gas Range
•   
Has Appliances
•   
Laundry: 1
Interior Features
•   
Interior Features: Ceiling Fan(s)
Flooring
•   
Flooring: Tile
Interior Size
•   
Building Area Total: 3970.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage
•   
Garage Spaces: 5.00
Building Info
•   
Zoning: SMR2*
•   
Stories Total: 2
•   
Construction Materials: Stucco
Lot Info
•   
Lot Size Source: Owner
•   
Lot Size Acres: 0.1720
•   
Lot Size Area: 7491.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 6
Property Type
•   
Architectural Style: Bungalow
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 138204.00
•   
Vacancy Allowance Rate: 1.00
•   
Total Expenses: 23233.00
•   
Gross Multiplier: 17.90
Tax/Assessment Info
•   
Gross Income: 138204.00
•   
Tax Year: 2021
•   
Taxes: 14060.09
Lease Info
•   
Net Operating Income: 80369.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 2117.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 3
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 6351.00
Unit 3 Information
•   
Unit 3 Actual Rent: 1208.00
•   
Unit 3 Total Units: 2
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 2416.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2750.00
•   
Unit 1 Total Rent: 2750.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Cross streets of Arizona Avenue and 19th Street
Other
Calculation
•   
Dom: 67

Neighborhood snapshot

37
Properties for sale
17
Median days on market
$802.76
Median sold price/sqft
99.70%
Sold/List %
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Property History for 1318 19th Street

11/15/2021
11/15/2021
CRMLS #21782246
pending
CRMLS #21782246
$2,475,000
09/24/2021
09/24/2021
CRMLS #21782246
active
CRMLS #21782246
$2,475,000
--8.33%
09/13/2021
09/13/2021
CRMLS #21782246
active
CRMLS #21782246
$2,700,000
+250.65%
03/29/2001
03/29/2001
Public Record
sold
Public Record
$770,000

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