1331 17th Street

    Santa Monica, CA 90404
    • $2,750,000
    • STATUS: Active Under Contract
    • ON SITE: 89 days
    • ID#: SB18225079
    Under Contract
    UPDATED: 59 min ago
    $2,750,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,648
      SQFT
    • $754
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    1331 & 1333 17TH STREET IS A 10 UNIT CHARMING BUNGALOW APARTMENT BUILDING. 10 SINGLES WITH SEPARATE KITCHENS AND BATHS. SOME UNITS HAVE A MURPHY BED., MOST RECENT NEW RENTALS ARE AT $2000.00 HIGH DEMAND, EASY TO RENT. THERE ARE 5 GARAGES THAT CAN BE RENTED FOR $400.00 OR MORE EACH, WITH ALLEY ACCESS. 1/2 BLOCK NORTH OF SANTA MONICA BLVD. WALKING DISTANCE TO SHOPS AND ST. JOHNS HOSPITAL. 7501 SQUARE FOOT LOT HAS ALLEY ACCESS. SEPARATE LAUNDRY ROOM. 1031 EXCHANGE AND SELLER IS IN ESCROW ON THE UP LEG PROPERTY. LOT LARGE ENOUGH TO BUILD THREE CONDOS. GROSS INCOME INCLUDES GARAGE RENT.The amount shown for operating expenses of $20,771.00 includes water, trash, gas, electric, etc. a breakdown will be available soon.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-14T22:31:54.093. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/87530211

    1331 17th Street Santa Monica, CA 90404

    • Price: $2,750,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • ID#: SB18225079
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,648
    SQFT
    $754
    $/SQFT
    1924
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    1331 & 1333 17TH STREET IS A 10 UNIT CHARMING BUNGALOW APARTMENT BUILDING. 10 SINGLES WITH SEPARATE KITCHENS AND BATHS. SOME UNITS HAVE A MURPHY BED., MOST RECENT NEW RENTALS ARE AT $2000.00 HIGH DEMAND, EASY TO RENT. THERE ARE 5 GARAGES THAT CAN BE RENTED FOR $400.00 OR MORE EACH, WITH ALLEY ACCESS. 1/2 BLOCK NORTH OF SANTA MONICA BLVD. WALKING DISTANCE TO SHOPS AND ST. JOHNS HOSPITAL. 7501 SQUARE FOOT LOT HAS ALLEY ACCESS. SEPARATE LAUNDRY ROOM. 1031 EXCHANGE AND SELLER IS IN ESCROW ON THE UP LEG PROPERTY. LOT LARGE ENOUGH TO BUILD THREE CONDOS. GROSS INCOME INCLUDES GARAGE RENT.The amount shown for operating expenses of $20,771.00 includes water, trash, gas, electric, etc. a breakdown will be available soon.
    Exterior Features

    Architectural Style Bungalow Construction Materials Stucco Entry Level 1 Entry Location Front Garage Spaces 5.00 Lot Features 6-10 Units/AcreLot 6500-9999Lot-Level/FlatNear Public Transit Lot Size Dimensions 50X150 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Single Door Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type AlleyCity Street Road Surface Type Alley PavedPaved Roof Asphalt Spa Features None Spa YN No

    Interior Features

    Average Studio Area 364 Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetVinylWood Heating Wall Heater Heating YN Yes Laundry Features Individual Room Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet LightingUrban Country Us Electric Electricity - On PropertyStandard Electric Expense 12360.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 2000.00 Garage Rental Rate 400.00 Gardener Expense 1020.00 Gross Income 189500.00 Gross Operating Income 189500.00 Gross Scheduled Income 189500.00 Insurance Expense 1650.00 Land Lease YN No Laundry YN Yes Licenses Expense 1980.00 Lot Dimensions Source Assessor Maintenance Expense 2500.00 Net Operating Income 168729.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Number With Range 10 Number With Refrigerator 10 Operating Expense 20771.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvGas Total Expenses 20771.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Howard Gunderson of Marian Keith.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-14T22:31:54.093. 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. Licensed in the State of California, USA.
     
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