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    1620 Washington Ave

    Santa Monica, CA 90403
    • $3,350,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: 20-606622
    Price Reduced
    UPDATED: 30 min ago
    $3,350,000
    • 9
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,922
      SQFT
    • $566
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:
    Area:

    School Ratings & Info

    Description

    PRICE REDUCTION! BEST VALUED PLAY FOR OWNER-USER IN THE WILSHIRE-MONTANA CORRIDOR - NO ADDITIONAL SEISMIC RETROFIT REQUIRED PER SM CITY Located among the Rare Air of Northwest Santa Monica, we are proud to present: 1620 Washington Avenue, an incredible 6-unit investment opportunity! The beauty in these rare Mediterranean style apartments is more than what you can see from the street! Unit interiors have been meticulously preserved to maintain the original charm of the era! The property is comprised of one (1) 3 bedroom, 1.5 bathroom Townhome style unit, (1) 2 bedroom, 1.5 bathroom Townhome style unit and four (4) 1 bedroom, 1 bathroom units. All with their own washer & dryer. Located north of Wilshire Blvd on the corner of 17th St and Washington Ave. With approximately 100% in rental upside, this property is a rare find for a savvy investor to add a bread and butter investment to their real estate portfolio.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T12:44:08.487. 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/108040364
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    1620 Washington Ave Santa Monica, CA 90403

    • Price: $3,350,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 20-606622
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,922
    SQFT
    $566
    $/SQFT
    1936
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    PRICE REDUCTION! BEST VALUED PLAY FOR OWNER-USER IN THE WILSHIRE-MONTANA CORRIDOR - NO ADDITIONAL SEISMIC RETROFIT REQUIRED PER SM CITY Located among the Rare Air of Northwest Santa Monica, we are proud to present: 1620 Washington Avenue, an incredible 6-unit investment opportunity! The beauty in these rare Mediterranean style apartments is more than what you can see from the street! Unit interiors have been meticulously preserved to maintain the original charm of the era! The property is comprised of one (1) 3 bedroom, 1.5 bathroom Townhome style unit, (1) 2 bedroom, 1.5 bathroom Townhome style unit and four (4) 1 bedroom, 1 bathroom units. All with their own washer & dryer. Located north of Wilshire Blvd on the corner of 17th St and Washington Ave. With approximately 100% in rental upside, this property is a rare find for a savvy investor to add a bread and butter investment to their real estate portfolio.
    Exterior Features

    Lot Size Area 7496 Other Structures None Parking Garage Other Style Mediterranean Total Parking 2

    Interior Features

    Baths Total 6.00 Cooling Central Equipment Other Heating Central Laundry In Unit

    Property Features

    Assessed Total Value 514744 Gross Income 124668 Gross Operating Income 120928 Like Units1 4 Like Units2 1 Like Units3 1 Net Operating Income 61794.00 Number Of Buildings 3 Number Of Units 6 Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Total Annual Expense 59134 Type Of Units Apt/Twnhm Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Benjamin J. Hsiang DRE#01438644 of Realty Investment Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T12:44:08.487. 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
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    Valencia CA, 91355