1112 19th ST, Santa Monica, CA 90403 – 24465611 - Gary Heflin

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Gary Heflin

gheflin7@gmail.com +1(619) 379-1758

$ 2,500,000

Est. payment -/mo

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1112 19th ST Santa Monica, CA 90403

10 Beds

8 Baths

6,080 SqFt

UPDATED:

11/23/2024 07:25 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,080 sqft

Price per Sqft $411

MLS Listing ID 24465611

Bedrooms 10

HOA Y/N No

Lot Size 7,997 Sqft

Property Description

Investment Opportunity in Santa Monica 1112 19th St Seize the chance to own a versatile multifamily property in the heart of Santa Monica! This unique investment offering features four units and significant potential for growth: 3 Two-Bedroom Units: Spacious and centrally located, these units provide steady rental income in a highly sought-after area. The demand for quality rental housing in Santa Monica ensures long-term tenant interest. 1 Detached Four-Bedroom Home: A rare addition, this standalone home offers ample space and additional income potential, perfect for a larger family or a high-demand rental unit. Key Property Features: On-Site Income-Generating Laundry: Another opportunity to increase cash flow with minimal effort. Separately Metered for Gas and Electricity: Tenants are responsible for their utilities, reducing operating costs for the owner. Unit 2 Delivered Vacant: Unit 2 will be delivered vacant at the close of escrow, providing immediate potential for a new tenant or renovation. Property Condition: The Property shows some deferred maintenance and is priced accordingly, therefore creating an excellent opportunity for value-add improvements and forced appreciation. Probate Sale Not Subject to Court Confirmation: Streamlined purchase process for qualified buyers. Occupied Units Available for Viewing with Accepted Offer: Due to tenant privacy, occupied units will be shown only with an accepted offer. With a prime Santa Monica location and significant upside potential, this property is a rare find for an investor looking to add value and secure long-term rental income. Whether you're looking to renovate and maximize rents or maintain the property as-is, the opportunity here is substantial. The Property has a Recorded Easement to use the Pool next door at 1118 19th Street. 1118 19th Street has an Easement to use the Laundry Room at 1112 19th Street. 1118 19th Street is also for sale and listed separately.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Natural Gas

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Appliance Dryer, Washer

Laundry Common Area, Laundry Room

Exterior

Garage Converted Garage, Detached Carport

Garage Spaces 2.0

Carport Spaces 3

Garage Description 2.0

Pool Association

Amenities Available Pool

Attached Garage No

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Architectural Style Spanish

Level or Stories Two

New Construction No

Schools

School District Santa Monica-Malibu Unified

Others

Senior Community No

Tax ID 4276009012

Special Listing Condition Probate Listing

Listed by Steven Foonberg • Westside Realty Group

Gary Heflin

Agent | License ID: 01356275

+1(619) 379-1758

Gary Heflin

1112 19th ST Santa Monica, CA 90403

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1112 19th ST