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    222 Idaho Avenue

    Santa Monica, CA 90403
    • $9,795,000
    • STATUS: Active
    • ON SITE: 3 days
    • ID#: SR20193834
    New On Site 3 Days Ago
    UPDATED: 43 min ago
    $9,795,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,640
      SQFT
    • $626
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    The Idaho & 3rd Apartments are a well maintained 20-unit apartment community located in the primest of the prime locations in Santa Monica, California. Set amid lush surroundings on a 15,006 square foot lot, the 15,640 square foot property offers studios, one- and two-bedroom apartment homes. Built in 1954, the property offers, a phenomenal rental location and superb freeway access.* Prime 3rd Street Location* Two Blocks to the Santa Monica Cliffs & Palisades Park* 25% Upside in Rents* Reposition Opportunity (5 units delivered vacant)* Parking (16 Garage Parking Spaces, 8 Uncovered Parking Spaces)

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    Based on information from CRISNet MLS as of 2020-09-19T23:55:57.68. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-19T23:55:57.68. 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/110086758
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    222 Idaho Avenue Santa Monica, CA 90403

    • Price: $9,795,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: SR20193834
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    15,640
    SQFT
    $626
    $/SQFT
    1954
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    The Idaho & 3rd Apartments are a well maintained 20-unit apartment community located in the primest of the prime locations in Santa Monica, California. Set amid lush surroundings on a 15,006 square foot lot, the 15,640 square foot property offers studios, one- and two-bedroom apartment homes. Built in 1954, the property offers, a phenomenal rental location and superb freeway access.* Prime 3rd Street Location* Two Blocks to the Santa Monica Cliffs & Palisades Park* 25% Upside in Rents* Reposition Opportunity (5 units delivered vacant)* Parking (16 Garage Parking Spaces, 8 Uncovered Parking Spaces)
    Exterior Features

    Levels Two Lot Features Corner LotLandscaped Lot Size Area 15006.0000 Parking Features Assigned Parking Total 24.00 Parking YN Yes Uncovered Spaces 8.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features None Laundry YN No

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features BikingCurbsDog ParkHikingParkWatersportsMountainousSidewalksStorm DrainsStreet LightsUrban Electric Expense 2000.00 Fuel Expense 2457.00 Gardener Expense 1800.00 Gross Income 531192.00 Gross Multiplier 18.44 Gross Scheduled Income 531192.00 Insurance Expense 7392.00 Land Lease YN No Maintenance Expense 23460.00 Net Operating Income 302763.00 New Construction YN No New Taxes Expense 122438.00 Number Of Separate Electric Meters 21 Number Of Separate Gas Meters 22 Number Of Separate Water Meters 1 Operating Expense 212494.00 Pest Control Expense 1200.00 Pool Features None Pool Private YN No Professional Management Expense 21248.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 212494.00 Trash Expense 6000.00 Water Sewer Expense 8000.00 Water Source Public Zoning Smr3*

    Listing provided courtesy of Warren Berzack, CA DRE# 01329015, of Lee & Associates.


    Based on information from CRISNet MLS as of 2020-09-19T23:55:57.68. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-19T23:55:57.68. 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