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Benjamin J. Hsiang
Realty Investment Advisors, Inc.
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PRICE REDUCED FOR FAST SALE! We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $757 for 1 bedroom units and $898 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. The top floor 3 bed 2 bath "owner's unit" which offers incredible amazing city views from the balcony is PERFECT FOR AN OWNER/USER. The property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. There is potential to convert the two-car garages into market-rate ADUs (Buyer to verify with the city). In total there are six vacant units (3 rent ready and 3 gutted units). Santa Monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. The mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's robust rental market.
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Total Bedrooms : 18
Total Baths: 13
Full Baths: 0
Half Baths: 0
Property Appliances: Refrigerator,Dryer,Washer
None
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1968
Building Area Total: 8,623
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1721
Lot Size Source: Assessor
Lot Size Square Feet: 7495
Original List Price: 2,450,000
Listing Contract Date: 2024-01-22
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4282020019
Garage Description: Covered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Postal Code Plus 4: 2721
Directions: West on Santa Monica Blvd and South on 15th St
Zoning: SMR3*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 56
Year Built Source: Vendor Enhanced
Total Square Feet Living: 8623
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1925 19th Street, Santa Monica, CA,90404 | $1,895,000 | 5 | 2 | 2,178 | 8006 Sqft |
1815 10th Street, Santa Monica, CA,90404 | $3,095,000 | 11 | -- | 5,355 | 9076 Sqft |
1912 Broadway #108, Santa Monica, CA,90404 | $575,000 | 1 | 1 | 722 | 15011 Sqft |
1823 20th Street #103, Santa Monica, CA,90404 | $1,199,000 | 2 | 2 | 1,359 | 6081 Sqft |
1534 17th Street #205, Santa Monica, CA,90404 | $1,695,000 | 1 | 2 | 1,321 | 15004 Sqft |
1427 S 17th Street, Santa Monica, CA,90404 | $4,150,000 | 8 | -- | 3,950 | 7495 Sqft |
1411 Cloverfield Boulev.., Santa Monica, CA,90404 | $3,450,000 | 5 | -- | 4,011 | 4098 Sqft |
1949 17th Street, Santa Monica, CA,90404 | $3,200,000 | -- | -- | -- | 7749 Sqft |
1311 Centinela Avenue #3, Santa Monica, CA,90404 | $1,499,000 | 2 | 3 | 1,662 | 11966 Sqft |
1637 Stanford, Santa Monica, CA,90404 | $9,999,000 | -- | -- | -- | 23134 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 04:30
MLS: 23310071
LISTED BY: Benjamin J. Hsiang, Realty Investment Advisors, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.