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    1220 24Th St

    Santa Monica, CA 90404
    • $2,275,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 21-746814
    UPDATED: 44 min ago
    $2,275,000
    • 6
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,847
      SQFT
    • $799
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:
    Area:

    School Ratings & Info

    Description

    First Time on the Market in 40+ Years! This unique and charming 4-plex offers an investor or owner/user privacy, great income and a fantastic location close to parks, schools, Trader Joes, Whole Foods, great restaurants, coffee houses and entertainment. Located near many tech company headquarters, the building has an ideal unit mix of (2) 2br+1ba Bungalows and (2) 1br+1ba units. It also has a history of very low vacancy due to its under-market rents and unique bungalow-style units. Its high cap rate and low GRM offers an investors stable income in one of the most sought-after rental markets in Southern California. Additional income from 4 garage units leased out at $195/unit. Great rental upside and one 1 bedroom unit will be delivered vacant!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T12:43:03.92. 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.desertarealuxuryhomes.com/homes/118070961
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    1220 24Th St Santa Monica, CA 90404

    • Price: $2,275,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 21-746814
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,847
    SQFT
    $799
    $/SQFT
    1936
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    First Time on the Market in 40+ Years! This unique and charming 4-plex offers an investor or owner/user privacy, great income and a fantastic location close to parks, schools, Trader Joes, Whole Foods, great restaurants, coffee houses and entertainment. Located near many tech company headquarters, the building has an ideal unit mix of (2) 2br+1ba Bungalows and (2) 1br+1ba units. It also has a history of very low vacancy due to its under-market rents and unique bungalow-style units. Its high cap rate and low GRM offers an investors stable income in one of the most sought-after rental markets in Southern California. Additional income from 4 garage units leased out at $195/unit. Great rental upside and one 1 bedroom unit will be delivered vacant!
    Exterior Features

    Covered Parking 4 Levels Multi/Split Lot Size Area 5296 Other Structures None Parking Garage GarageUncoveredAssigned Style California Bungalow Total Parking 6 View Description City View YN Yes Water Frontage None

    Interior Features

    Baths Total 4.00 Cooling None Equipment Other Flooring HardwoodOther Heating Wall Laundry CommunityInsideLaundry AreaRoom Laundry Equipment Own

    Property Features

    Gross Income 128892 Gross Operating Income 134385 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 87473.00 Number Of Buildings 3 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 46912 Type Of Units Apartments Water Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Eric Sackler DRE#01057377 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T12:43:03.92. 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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