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    1821 Delaware Avenue

    Santa Monica, CA 90404
    • $2,395,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 20616222
    UPDATED: 59 min ago
    $2,395,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    Five units in a prime Santa Monica location on Delaware Avenue located between Pico & Olympic Blvd. Short distance away from Santa Monica College. Five units including one stand alone 4 BR + 2 Bath house and four individual 1 BR + 1 Bath bungalow type units. Two of the four 1 BR + 1 Bath units are vacant. Potential for an owner to occupy the front house and rent out the four additional units for added income value-add opportunity with below market rents. Owner is not collecting the maximum amount of current rent allowed by the City of Santa Monica (MAR).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/108735143
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    1821 Delaware Avenue Santa Monica, CA 90404

    • Price: $2,395,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 20616222
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1907
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Five units in a prime Santa Monica location on Delaware Avenue located between Pico & Olympic Blvd. Short distance away from Santa Monica College. Five units including one stand alone 4 BR + 2 Bath house and four individual 1 BR + 1 Bath bungalow type units. Two of the four 1 BR + 1 Bath units are vacant. Potential for an owner to occupy the front house and rent out the four additional units for added income value-add opportunity with below market rents. Owner is not collecting the maximum amount of current rent allowed by the City of Santa Monica (MAR).
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Appliances Disposal Appliances YN Yes Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 159003.00 Gross Multiplier 15.06 Gross Operating Income 159003.00 Net Operating Income 98295.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 55938.00 Vacancy Allowance Rate 0.00 Zoning Smr2*

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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