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    1326 Yale St , #1

    Santa Monica, CA 90404
    • $2,795,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 20-583018
    UPDATED: 11 min ago
    $2,795,000
    • 13
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,243
      SQFT
    • $448
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Six unit investment opportunity in Santa Monica featuring upside, low price per foot, large units, parking and location. The Asset is generating $132K in gross income with potential income of $278K. Most units have fire places, porch/balcony, dining areas and room for in-unit washer dyers, ready for an opportunistic investor to implement and a luxury remodel and value add investment strategy. The location attracts ideal tenants seeking close proximity to tech companies, boutique & luxury shopping, world class beaches, award winning restaurants and walkable, healthy, fun, lifestyle that demands premium rents. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans including two, townhome units.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-02T15:42:46.973. 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.randyplaice.com/homes/106578649
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    1326 Yale St , #1 Santa Monica, CA 90404

    • Price: $2,795,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 20-583018
    13
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,243
    SQFT
    $448
    $/SQFT
    1962
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    Six unit investment opportunity in Santa Monica featuring upside, low price per foot, large units, parking and location. The Asset is generating $132K in gross income with potential income of $278K. Most units have fire places, porch/balcony, dining areas and room for in-unit washer dyers, ready for an opportunistic investor to implement and a luxury remodel and value add investment strategy. The location attracts ideal tenants seeking close proximity to tech companies, boutique & luxury shopping, world class beaches, award winning restaurants and walkable, healthy, fun, lifestyle that demands premium rents. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans including two, townhome units.
    Exterior Features

    Lot Size Area 7487 Other Structures None Parking Garage Other Pool YN No Spa None Spa YN No Tennis YN No Total Parking 8 View Description None View YN No

    Interior Features

    Baths Total 9.00 Cooling None Den No Dining Room No Equipment None Family Room No Heating None Rooms Other

    Property Features

    Gross Income 128139 Gross Operating Income 128139 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 81372.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Security Features None Source Living Area Appraiser Source Lot Size Area Appraiser Total Annual Expense 46767 Type Of Units 6 Unit Bldng Zoning Smr2*

    Listing provided courtesy of Eric Von Bluecher DRE#01926201 of Keller Williams Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-02T15:42:46.973. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355