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1026 14Th St

Santa Monica, CA 90403
  • $2,950,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 21-793910
UPDATED: 23 min ago
$2,950,000
  • 6
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,213
    SQFT
  • $918
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Description

*Opportunity to build 2 ADUs on the property (400 SF, 300SF) * We are proud to present this incredible value-add opportunity in Santa Monica. This 5-unit apartment building is 80% vacant and consists of four separate structures, located North of Wilshire in Prime Santa Monica. This unique building is situated on a 7,508 square foot lot and boasts a desirable unit mix consisting of a (1) large, 2-bedroom front house, (1) large, 1+1 in-law suite separate structure, and (3) 1-bedroom units. There is also a separate garage structure, besides the garage parking in the rear, perfect for a potential ADU. Buyer to verify any ADU potential, but with the garage parking in the rear and the large separated garage structure, there is real potential on this site. Four of the five units in the property are vacant (80%), one of which includes the front house, perfect for an Owner-User. Please do not disturb the tenant. All showings will be subject to an accepted offer.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T14:43:15.873. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/122276819
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1026 14Th St Santa Monica, CA 90403

  • Price: $2,950,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 23 min ago
  • MLS #: 21-793910
6
Beds
0
Baths
0
½ Baths
0.17
Acres
3,213
SQFT
$918
$/SQFT
1922
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
*Opportunity to build 2 ADUs on the property (400 SF, 300SF) * We are proud to present this incredible value-add opportunity in Santa Monica. This 5-unit apartment building is 80% vacant and consists of four separate structures, located North of Wilshire in Prime Santa Monica. This unique building is situated on a 7,508 square foot lot and boasts a desirable unit mix consisting of a (1) large, 2-bedroom front house, (1) large, 1+1 in-law suite separate structure, and (3) 1-bedroom units. There is also a separate garage structure, besides the garage parking in the rear, perfect for a potential ADU. Buyer to verify any ADU potential, but with the garage parking in the rear and the large separated garage structure, there is real potential on this site. Four of the five units in the property are vacant (80%), one of which includes the front house, perfect for an Owner-User. Please do not disturb the tenant. All showings will be subject to an accepted offer.
Exterior Features

Lot Size Area 7508 Other Structures Other Parking Garage Attached Total Parking 5

Interior Features

Baths Total 5.00 Cooling None Equipment None Heating Wall Gas

Property Features

Assessed Total Value 273610 Gross Income 164496 Gross Operating Income 164496 Like Units1 1 Like Units2 4 Net Operating Income 99335.00 Number Of Buildings 4 Number Of Units 5 Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 60226 Type Of Units 2+11+1 Year Built Source Vendor Enhanced Zoning Smr2*

Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T14:43:15.873. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210