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    1420 Berkeley St

    Santa Monica, CA 90404
    • $3,300,000
    • STATUS: Active Under Contract
    • ON SITE: 66 days
    • ID#: 20-672444
    Under Contract
    UPDATED: 128 min ago
    $3,300,000
    • 11
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,134
      SQFT
    • $463
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    1420 Berkeley Street is a rare 100% Vacant 6-unit apartment building located on a prime corner lot in Santa Monica. This unique property boasts a desirable unit mix of two-bedroom units and a two-bedroom front townhouse. There is an additional office with half bath (500 sf) that can be rented out for additional income. Walking distance from Santa Monica Blvd and Wilshire Blvd with many restaurants, shopping, and cafes. All income is projected and based on the building being fully occupied with tenants. All showings will be subject to an accepted offer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T23:42:28.413. 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/112779912
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    1420 Berkeley St Santa Monica, CA 90404

    • Price: $3,300,000
    • Status: Active Under Contract
    • Updated: 128 min ago
    • ID#: 20-672444
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,134
    SQFT
    $463
    $/SQFT
    1966
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    1420 Berkeley Street is a rare 100% Vacant 6-unit apartment building located on a prime corner lot in Santa Monica. This unique property boasts a desirable unit mix of two-bedroom units and a two-bedroom front townhouse. There is an additional office with half bath (500 sf) that can be rented out for additional income. Walking distance from Santa Monica Blvd and Wilshire Blvd with many restaurants, shopping, and cafes. All income is projected and based on the building being fully occupied with tenants. All showings will be subject to an accepted offer.
    Exterior Features

    Direction Faces North Lot Size Area 7808 Other Structures Other Parking Garage DrivewayAssignedCovered Parking Total Parking 8

    Interior Features

    Baths Total 12.00 Cooling Ceiling Fan Equipment Ceiling FanDishwasherDryer Heating Fireplace Laundry In UnitLaundry Area

    Property Features

    Assessed Total Value 356401 Gross Income 249600 Gross Operating Income 249600 Like Units1 1 Like Units2 4 Like Units3 1 Net Operating Income 143112.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 99000 Type Of Units 2+22+1 Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T23:42:28.413. 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 Gateway
    27720 Dickason Drive
    Valencia CA, 91355