Lupita 4 Homes
Price Reduction
Address
1415 Centinela Avenue Santa Monica, CA
Price
$ 2,495,000
Property Attributes
  • MLS#20658892
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90404
  • Style
  • Price$ 2,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3904
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Ardy Ishal with BRC Advisors- BH.
Property Description

BRC Advisors -BH is proud to present for sale this value-add five-unit apartment property located at 1415 South Centinela Avenue, in Santa Monica, California. The property consists of three separate structures on one lot, consisting of an attractive unit mix with four (4) three-bedroom/two-bathroom units and a one-bedroom/one-bathroom unit. Situated on a 7,564 square foot lot, the property is located just south of Santa Monica Blvd. Three of the units have washer/dryers (see rent roll) and three units are currently vacant, allowing a buyer to immediately implement a renovation plan of those units and exterior areas to obtain maximum rents. Additionally, there are approximately seven onsite parking spaces and the units have separate water heaters, some of which are tankless. Upon renovating and renting the three vacant 3-bedroom units at the projected market rent of $3,795, a buyer will achieve a projected cap rate of 5.28% and a gross rent multiplier of only 13.0x!!!

Price History
11/20/2020 Listed $2,600,000
1/14/2021 5% - $2,495,000

General Features

Directions just south of Santa Monica Blvd.
Listagentaor Beverly Hills/Greater LA
Listing Agent Ardy Ishal - BRE#01769601
Listing Agent State License 01769601
MLS Area C14 - Santa Monica
Price Per Square Foot 639.09
Source System CRMLS
Special Listing Conditions Standard
Total Units 5
Zoning SMR2*

Exterior Features

Building Area Total 3904.00
Lot Size Acres 0.1700
Lot Size Area 7564.0000
Lot Size Square Feet 7564.00
Lot Size Units Square Feet
Number of Buildings 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90404

Price
AVG $2.92M
$2.5M
Visits
AVG 28
29
Year Built
AVG 1955
1923
Walkscore
AVG 89
94
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.