1821 Delaware Avenue

    Santa Monica, CA 90404
    • $2,595,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 19514120
    UPDATED: 238 min ago
    $2,595,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,399
      SQFT
    • $763
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    Five units in a prime Santa Monica location on Delaware Ave. Located between Pico & Olympic Blvd. Short distance away from Santa MonicaCollege. Five units including one stand alone 4 BR + 2 bath house and four individual 1 BR + 1 bath bungalow type units. Potential for an owner to occupy the front house and rent out the four additional units for added income Value-add opportunity with below market rents.Owner is not collecting the maximum amount of current rent allowed by the City of Santa Monica (MAR).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99340310

    1821 Delaware Avenue Santa Monica, CA 90404

    • Price: $2,595,000
    • Status: Active
    • Updated: 238 min ago
    • ID#: 19514120
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,399
    SQFT
    $763
    $/SQFT
    1907
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Five units in a prime Santa Monica location on Delaware Ave. Located between Pico & Olympic Blvd. Short distance away from Santa MonicaCollege. Five units including one stand alone 4 BR + 2 bath house and four individual 1 BR + 1 bath bungalow type units. Potential for an owner to occupy the front house and rent out the four additional units for added income Value-add opportunity with below market rents.Owner is not collecting the maximum amount of current rent allowed by the City of Santa Monica (MAR).
    Exterior Features

    Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Appliances Disposal Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Cap Rate 3.44 Gross Multiplier 17.00 Gross Operating Income 152403.00 Improvements Amount 154910 Land Value 1167143 Net Operating Income 89393.00 Special Listing Conditions Standard Total Expenses 58438.00 Zoning Smr2*

    Listing provided courtesy of Errol Spiro of Miller & Desatnik Realty Co.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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