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    1220 California Ave , #1

    Santa Monica, CA 90403
    • $6,950,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 21-708514
    UPDATED: 25 min ago
    $6,950,000
    • 17
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,718
      SQFT
    • $546
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Prime Santa Monica location, North of Wilshire Blvd. 15 units which include 1 non-conforming 3 BR + 1.5 bath unit and a great unit mix of studios, 1 BR, 2 BR, & 3 BR units. Huge upside in the current rents. All the seismic retrofit for the parking structure has already been completed. Rare multifamily asset that is walking distance to all the shops and restaurants on Montana Avenue & 3rd Street Promenade.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-12T19:42:50.287. 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.brandiprattrealestate.com/homes/115358654
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    1220 California Ave , #1 Santa Monica, CA 90403

    • Price: $6,950,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: 21-708514
    17
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    12,718
    SQFT
    $546
    $/SQFT
    1962
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    Prime Santa Monica location, North of Wilshire Blvd. 15 units which include 1 non-conforming 3 BR + 1.5 bath unit and a great unit mix of studios, 1 BR, 2 BR, & 3 BR units. Huge upside in the current rents. All the seismic retrofit for the parking structure has already been completed. Rare multifamily asset that is walking distance to all the shops and restaurants on Montana Avenue & 3rd Street Promenade.
    Exterior Features

    Lot Size Area 10005 Other Structures None Parking Garage Covered Parking Total Parking 16

    Interior Features

    Baths Total 19.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 6242400 Gross Income 377916 Gross Operating Income 1839 Like Units1 3 Like Units2 4 Like Units3 2 Like Units4 3 Like Units5 1 Like Units6 1 Net Operating Income 216795.00 Number Of Buildings 1 Number Of Units 14 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 150000 Type Of Units Apartments Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Errol Spiro DRE#01187022 of Miller & Desatnik Realty Co..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-12T19:42:50.287. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583