Lambert Investments, Inc.

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UNIT MIX
1 Three Bedrooms - Two Baths
4 One Bedroom - One Bath
1 Single - One Bath

5 Units in Santa Monica - SOLD

837 - 839 21st Street
Santa Monica, CA 90403
On 21st Street, North of Wilshire Blvd & Just South of Montana Ave.

Thomas Guide:
Click here for a map

Purchase Price:
$1,500,000

Annual scheduled gross income:
$118,632

Year built: 1939

Zoning: SMR2

Lot Size: 7,998

Building Square Feet: 4,478

Parking: 5 Enclosed Garages

COMMENTS

PRIME LOCATION, LOCATION, LOCATION! Charming 5 Units North of Wilshire & just South of Montana in Santa Monica. Third generation owners, never before on market, priced to sell. Spacious units with upside potential. Beautiful rose garden and fruit trees. Owner’s unit vacant at close of escrow and vacant single “Granny unit” (Bootleg) which can be enjoyed by owner or rented. Owner controls four of the five 1 car garages which can be rented for additional income. Separate meters. Nice condition with opportunity to add value in the most desirable neighborhood of Santa Monica. Drive by only, please do not disturb tenants.

FINANCIAL DETAILS

837 1 Bedroom, 1 Bath $ 1,500.00
839 1 Bedroom, 1 Bath $ 1,534.00
839 A 1 Bedroom, 1 Bath $ 1,513.00
839 B 1 Bedroom, 1 Bath $ 1,239.00
839 C 3 Bedroom, 2 Bath $ 2,600.00
Single 0 Bedroom, 1 Bath $ 900.00
4 Garages $ 600.00

Total Expenses:
$11,452

Scheduled Monthly Income:
$9,886

Scheduled Annual Income:
$118,632

Broker # 00860625 - The information presented here is based upon sources we deemed to be reliable, but for which we assume no responsibility.

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UNIT MIX
5 Singles - 1 Baths
1 One Bedroom - 1 Bath

6 Units in Venice SOLD

113 Clubhouse Avenue
Venice, CA 90291
East of Pacific Ave & North of Venice Blvd

Thomas Guide: 671 G6
Click here for a map

Purchase Price:
$1,150,000

Annual scheduled gross income:
$76,188

Year built: 1952

Zoning: LARD1.5

Lot Size: 4487

Building Square Feet: 2516

Parking: 5 Open Spaces & 2 Garages

COMMENTS

Prime Venice Beach LOCATION with parking! Lots of opportunity to add value as 5 units can be delivered vacant at close of escrow. Drive by only, do not disturb tenants.

*Units 1-5 can be delivered vacant. $900 is projected rent & Units 2 & 4 will stay on at buyer’s option at above rents

FINANCIAL DETAILS

1 Single, 1 Bath $ 900*
2 Single, 1 Bath $ 900*
3 Single, 1 Bath $ 900*
4 1 Bedroom, 1 Bath $ 1300*
5 Single, 1 Bath $ 900*
6 Single, 1 Bath $ 949
Garage $ 250
Garage $ 250

Total Expenses:
$19,047

Scheduled Monthly Income:
$6,349

Scheduled Annual Income:
$76,188

Broker # 00860625 - The information presented here is based upon sources we deemed to be reliable, but for which we assume no responsibility.

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UNIT MIX
4 Two - Two Baths
2 Three Bedroom - Two Bath

6 Units in Santa Monica SOLD

1508 Stanford Street
Santa Monica, CA 90404
Between Broadway and Colorado Blvd

Thomas Guide: 631 H6
Click here for a map

Purchase Price:
$1,400,000

Annual scheduled gross income:
$117,972.00*

Year built: 1959

Zoning: SMR2

Lot Size: 8,124

Building Square Feet: 5,712

Parking: 10 Open Spaces

COMMENTS

Great opportunity to add value. 2 vacant units. Large lot, great unit mix in very desirable Santa Monica location. Drive by only, do not disturb tenants. Inside with accepted offer only.
*Vacant Units. These are projected rents.

FINANCIAL DETAILS

1 2 Bedroom, 2 Bath $ 1,746
2 2 Bedroom, 2 Bath $ 1,582
3 3 Bedroom, 2 Bath $ 2,000*
4 2 Bedroom, 2 Bath $ 1,700*
5 2 Bedroom, 2 Bath $ 922
6 3 Bedroom, 2 Bath $ 1,846
Laundry $35.00

Total Expenses:
$18,892.00

Scheduled Monthly Income:
$9,781.00*

Scheduled Annual Income:
$117,972.00*

Broker # 00860625 - The information presented here is based upon sources we deemed to be reliable, but for which we assume no responsibility.

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UNIT MIX
5 2 Bedrooms - 1 Baths

5 Units on Ocean Ave - ACTIVE

2211 Ocean Avenue
Santa Monica, CA 90405
Between Pacific and Strand Street

Thomas Guide: 671 F4
Click here for a map

Purchase Price:
$3,595,000

Annual scheduled gross income:
$174,720

Year built: 1925

Zoning: SMR4YY

Lot Size: 5197

Building Square Feet: 5698

Parking: 4 Garages

COMMENTS

Ocean View Classic 1920s Spanish Ocean Avenue Apartment Building. 4 of the units are full frontal ocean view with restored craftsman touches. Restored mahogany molding and hardwood floors. Many upgrades!!! A great owner user, top unit vacant. Laundry hook-ups in each unit. Four enclosed garages. Drive by only, please do not disturb the tenants. Prime Location! Location!! Location!!!

FINANCIAL DETAILS

1 2 Bedroom, 1 Bath $2,500
2 2 Bedroom, 1 Bath $3,510
3 2 Bedroom, 1 Bath $3,550
4 2 Bedroom, 1 Bath $2,500
5 2 Bedroom, 1 Bath $2,500