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943 19th Street

Santa Monica, CA 90403
  • $4,000,000
  • STATUS: Active
  • ON SITE: 245 Days
  • ID#: SR24024760
UPDATED: 71 min ago
$4,000,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Paul Baccino of Equity Union (818-989-2000)


Description

An exceptional investment opportunity awaits in the bustling city of Santa Monica! Positioned near the vibrant crossroads of Montana Ave and 19th St, this expansive two-story building spans 7,180 square feet. Recently underwent Soft-Story Retrofit to meet LADBS regulations, it features six units: five boasting three bedrooms each, and one with two bedrooms. The property includes on-site covered parking, accommodating six cars with individual garages at the rear. With substantial potential for increased rental income, this property appeals to both owner-users and seasoned investors seeking to diversify their portfolios. Conveniently located just a stone's throw away from Trader Joes, Pavilions, and the Aero Theater, it offers proximity to a plethora of chic boutiques, diverse eateries, and entertainment options. Nestled amidst the vibrant Santa Monica Boulevard scene, and only minutes away from the sun-kissed shores of Southern California beaches, this property embodies the epitome of coastal living and urban convenience.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T11:30:54.167. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/147243315
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943 19th Street Santa Monica, CA 90403

  • Price: $4,000,000
  • Status: Active
  • On Site: 245 Days
  • Updated: 71 min ago
  • ID#: SR24024760
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1959
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
An exceptional investment opportunity awaits in the bustling city of Santa Monica! Positioned near the vibrant crossroads of Montana Ave and 19th St, this expansive two-story building spans 7,180 square feet. Recently underwent Soft-Story Retrofit to meet LADBS regulations, it features six units: five boasting three bedrooms each, and one with two bedrooms. The property includes on-site covered parking, accommodating six cars with individual garages at the rear. With substantial potential for increased rental income, this property appeals to both owner-users and seasoned investors seeking to diversify their portfolios. Conveniently located just a stone's throw away from Trader Joes, Pavilions, and the Aero Theater, it offers proximity to a plethora of chic boutiques, diverse eateries, and entertainment options. Nestled amidst the vibrant Santa Monica Boulevard scene, and only minutes away from the sun-kissed shores of Southern California beaches, this property embodies the epitome of coastal living and urban convenience.
Exterior Features

Entry Level 1

Interior Features

Cooling Wall/Window Unit(s) Cooling YN Yes

Property Features

Additional Parcels YN No Common Interest Community Apartment Current Financing Conventional Electric Expense 1440 Gross Scheduled Income 205200 Insurance Expense 22680 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 160200 Number Of Units Leased 6 Operating Expense 45000 Property Sub Type Multi Family Special Listing Conditions Standard Trash Expense 12000 Water Sewer Expense 0 Water Source Public Zoning SMR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T11:30:54.167. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
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Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Paul Baccino of Equity Union (818-989-2000)