2224 Oak Street

    Santa Monica, CA 90405
    • $1,700,000
    • STATUS: Closed
    • ON SITE: 62 days
    • ID#: 19510854
    Sold - 10/24/2019
    $1,700,000
    SOLD - 10/24/2019
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,892
      SQFT
    • $588
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    Bungalow style units featuring original hardwood floors, in unit washer and dryer, private yards and great natural light situated on a large +/-8,273 SF corner lot! This is a great opportunity to own a property in Santa Monica with +/-43% upside potential in rents. The property offers investors a value-add opportunity for future rent growth. The unit mix consists of 4 one-bedroom/one-bathroom plus a bonus room.

    Sold by Kimberly Roberts Stepp of Kwsm.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T20:29:08.453. 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/98986716

    2224 Oak Street Santa Monica, CA 90405

    • Price: $1,925,000
    • Status: Closed
    • Updated: 33 min ago
    • ID#: 19510854
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,892
    SQFT
    $588
    $/SQFT
    1937
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Bungalow style units featuring original hardwood floors, in unit washer and dryer, private yards and great natural light situated on a large +/-8,273 SF corner lot! This is a great opportunity to own a property in Santa Monica with +/-43% upside potential in rents. The property offers investors a value-add opportunity for future rent growth. The unit mix consists of 4 one-bedroom/one-bathroom plus a bonus room.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Property Features

    Electric Expense 1404.00 Fuel Expense 500.00 Gross Multiplier 18.30 Gross Operating Income 102269.00 Insurance Expense 1949.00 Licenses Expense 900.00 Maintenance Expense 2500.00 Net Operating Income 63936.00 Pest Control Expense 600.00 Professional Management Expense 4100.00 Special Listing Conditions Standard Total Expenses 38333.00 Water Sewer Expense 2424.00 Zoning Smr2*

    Listing provided courtesy of Kimberly Roberts Stepp of Kwsm


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T20:29:08.453. 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.
     
    Allison James Estates and Homes
    31213 Temecula Parkway
    Temecula CA, 92592