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1426 Princeton Street, Santa Monica, CA 90404$3,145,000

9
beds
8
baths
5650
ft2
· 7127
ft2 lot
$557 / ft2

Listing provided courtesy of Glenn Brander, Miller & Desatnik Realty Co.
Source CRMLS;
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Miller & Desatnik Realty Corp is pleased to present The Princeton Residences. The subject property is located within close walking distance to many of Santa Monica's great shops & restaurants, corporate campuses, Bergamont Station, as well as other public transportation, providing residents automobile-free access to all of Greater Los Angeles. The subject property sits on a quiet, tree lined street, and offers an attractive unit mix that includes a Three Bedroom, 2 Bathroom front home with an enclosed yard, with direct entry through a private garage & private laundry. Behind the front home there are five additional residences, consisting of (4) one bedroom, one bathroom units and (1) two bedroom, two bathroom unit. The subject property is individually metered for gas and electricity and has garage or covered parking for each unit. The astute investor will quickly recognize that The Princeton Residences provides its occupants well-appointed housing in a warm, secure setting, and a walk anywhere easily location. This is a unique opportunity to own a charming, desirable, Westside located Santa Monica asset, with rental upside. Santa Monica is known for its superior climate, great night life, cultural diversity, walk-ability and beaches.

HOA

$—/month

On market

25 days

Year built

1966

Property type

Multi-Family

Parking

2

MLS

21787380

Price / Sq.Ft.

$557 / ft2

Status

Active

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Home details for 1426 Princeton Street

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included
•   
Appliances: Dishwasher, Disposal, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Interior Size
•   
Building Area Total: 5650.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Covered, Garage - Two Door, Side by Side
•   
Garage Spaces: 2.00
Building Info
•   
Zoning: SMR2*
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Lot Info
•   
Lot Size Acres: 0.1600
•   
Lot Size Area: 7127.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Property Condition: Updated/Remodeled
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 168876.00
•   
Vacancy Allowance Rate: 3.00
•   
Total Expenses: 61121.00
•   
Gross Multiplier: 18.62
Tax/Assessment Info
•   
Gross Income: 168876.00
•   
Tax Year: 2020
•   
Taxes: 33435.38
Lease Info
•   
Net Operating Income: 102734.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 2245.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 2245.00
Unit 2 Information
•   
Unit 2 Actual Rent: 3033.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 3033.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 4850.00
•   
Unit 1 Total Rent: 4850.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2050.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2050.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 985.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2295.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 784.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 784.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
School Info
•   
Directions: West of Centinela Ave, South of Santa Monica Ave
Other
Calculation
•   
Dom: 6
•   
Cdom: 6

Neighborhood snapshot

61
Properties for sale
14.5
Median days on market
$800.20
Median sold price/sqft
99.65%
Sold/List %
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walk score® :

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Property History for 1426 Princeton Street

09/24/2021
09/24/2021
CRMLS #21787380
active
CRMLS #21787380
$3,145,000
+11.72%
03/06/2020
03/06/2020
Public Record
sold
Public Record
$2,815,000
--2.76%
03/06/2020
03/06/2020
CRMLS #18378158
sold
CRMLS #18378158
$2,895,000
+15.11%
02/02/2016
02/02/2016
Public Record
sold
Public Record
$2,515,000

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