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UNIT MIX 6 One Bedroom - 1 Bath 14 Single - 1 Bath
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| 20 Units in Venice- NEW LISTING
15 Horizon Avenue
Venice, CA 90291
Venice Beach Boardwalk and South of Pacific
Thomas Guide: 671 G6
Click
here for a map
Purchase Price:
$4,950,000
Annual scheduled gross income:
$385,920 |
Year built: 1912
Zoning: LARD
Lot Size: 2701
Building Square Feet: 7465
Parking: None |
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COMMENTS
Prime Venice Beach LOCATION, LOCATION! World Famous Venice Beach Boardwalk! Totally rehabbed in 1993, copper plumbing, new electrical, tile countertops & much more. Rooftop deck with ocean views & several units have ocean views. Ocean view units will bring higher rents than projected. Currently operating as monthly/weekly rentals, most can be vacant at close of escrow. Currently nicely furnished, can be delivered with our without furnishings. For more photos please visit www.venicehorizonsuites.com
*Units 5,7 & 15 are long term tenants-actual rents all other rents are projected.
FINANCIAL DETAILS
| 1 | Single, 1 Bath | $ 1,500 | | 2 | 1 Bedroom, 1 Bath | $ 1,800 | | 3 | Single, 1 Bath | $ 1,500 | | 4 | Single, 1 Bath | $ 1,500 | | 5 | Single, 1 Bath | $ 1,043* | | 6 | Single, 1 Bath | $ 1,500 | | 7 | Single, 1 Bath | $ 1,722* | | 8 | Single, 1 Bath | $ 1,500 | | 9 | 1 Bedroom, 1 Bath | $ 1,800 | | 10 | Single, 1 Bath | $ 1,500 | | 11 | Single, 1 Bath | $ 1,500 | | 12 | Single, 1 Bath | $ 1,500 | | 13 | Single, 1 Bath | $ 1500 | | 14 | Single, 1 Bath | $ 1,500 | | 15 | 1 Bedroom, 1 Bath | $ 2,195* | | 16 | 1 Bedroom, 1 Bath | $ 1,800 | | 17 | 1 Bedroom, 1 Bath | $ 1,800 | | 18 | Single, 1 Bath | $ 1,500 | | 19 | 1 Bedroom, 1 Bath | $ 1,800 | | 20 | Single, 1 Bath | $ 1,500 | | Laundry | | $ 200 | |
Total Expenses:
$134,400
Scheduled Monthly Income:
$32,160
Scheduled Annual Income:
$385,920 |
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| 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 6 One Bedroom - 1 Baths
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| 6 Units in Santa Monica
1848 12th Street
Santa Monica, CA 90403
North of Pico Blvd & East of Lincoln Blvd
Thomas Guide: 671 G2
Click
here for a map
Purchase Price:
$1,250,000
Annual scheduled gross income:
$48,950.88 |
Year built: 1941
Zoning: SMR2
Lot Size: 7,497
Building Square Feet: 3,789
Parking: 6 Open in Rear & 2 one car garages |
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COMMENTS
Great investment opportunity. Nice Santa Monica location in up and coming neighborhood. Opportunity to add value with upside potential. Must be cash to a new loan of approximately $450,000.00. Priced as is. Drive by only, do not disturb tenants.
FINANCIAL DETAILS
| 1 | 1 Bedroom, 1 Bath | $ 510.24 | | 2 | 1 Bedroom, 1 Bath | $ 508.54 | | 3 | 1 Bedroom, 1 Bath | $ 508.54 | | 4 | 1 Bedroom, 1 Bath | $ 1020.54 | | 5 | 1 Bedroom, 1 Bath | $ 510.54 | | 6 | 1 Bedroom, 1 Bath | $ 1020.54 | | Laundry | | $ 50.00 | |
Total Expenses:
$11,931.00
Scheduled Monthly Income:
$4,079.24
Scheduled Annual Income:
$48,950.88 |
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| 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 3 - 2-Bed, 1-Bath 2 - 1-Bed, 1-Bath 1 - Single, 1-Bath
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| 6 Units in Santa Monica - SOLD
2201 - 2203 Oak Street
Santa Monica, CA 90405
South of Ocean Park & East of 20th Street
Thomas Guide: 671 J2
Click
here for a map
Purchase Price:
$1,475,000
Annual scheduled gross income:
$94,080 |
Year built: 1946 & 1955
Zoning: SMR2
Lot Size: 6,996
Building Square Feet: 4,500
Parking: 4 Garages & 1 Carport |
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COMMENTS
Located in very desirable Sunset Park Neighborhood. Great Unit Mix. What a huge rare opportunity to add value in a great area as a rental property, for an owner user or a conversion. All units will be delivered vacant other than Unit 2203 & Unit 2203 C will either vacate or pay market rent. Located in the Santa Monica School District, close to Ocean Park & the beach. Individually metered. This is not going to last, submit your offer right away. Front 2 units built in 1946 and rear 4 units built in 1955 *This is the actual rent & the only unit that will not be vacant. **This unit will vacate or pay rent $1,200. ***Laundry room currently has no equipment, this is projected.
FINANCIAL DETAILS
| 2201 | 2 Bedroom, 1 Bath | $ 1,400 | | 2203 | 2 Bedroom, 1 Bath | $ 640* | | 2203-A | 2 Bedrooms, 1 Bath | $ 2,1000 | | 2203-B | Single, 1 Bath | $ 950 | | 2203-C | 1 Bedroom, 1 Bath | $ 1,200** | | 2203-D | 1 Bedroom, 1 Bath | $ 1,400 | | Laundry | | $ 150*** | |
Total Expenses:
$13,960
Scheduled Monthly Income:
$7,840
Scheduled Annual Income:
$94,080 |
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| 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 14 - Singles, 1-Bath 1 - 1-Bed, 1-Bath
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| 15 Units in Santa Monica - SOLD
1023 4th Street
Santa Monica, CA 90403
South of Montana & North of Wilshire
Thomas Guide: 671 D1
Click
here for a map
Purchase Price:
2,879,000
Annual scheduled gross income:
207,396 |
Year built: 1930s
Zoning: SMR4
Lot Size: 7,497
Building Square Feet: 8,430
Parking: 5 Garages |
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COMMENTS
Prime LOCATION LOCATION LOCATION! Santa Monica\\\\\\\'s Most Desirable Area; North Of Wilshire, just 4 blocks from the beach & close to 3rd Street Promenade. Loaded with charm and totally re-habbed in 1995. Very large units, most have granite countertops, high ceilings & hardwood floors.Cooper Plumbing, new electrical & separately metered. Very clean, well maintained, easy to manage & easy to rent. No rent control or reg fees. 3 units dedicated to moderate income & 2 units for low income. Drive by only, do not disturb tenants.
FINANCIAL DETAILS
| 1 | Single, 1 Bath | $ 1140 | | 2 | Single, 1 Bath | $ 728 | | 3 | Single, 1 Bath | $ 1245 | | 4 | Single, 1 Bath | $ 1125 | | 5 | Single, 1 Bath | $ 886 | | 6 | Single, 1 Bath | $ 1105 | | 7 | 1 Bedroom, 1 Bath | $ 1615 | | 8 | Single, 1 Bath | $ 1155 | | 9 | Single, 1 Bath | $ 769 | | 10 | Single, 1 Bath | $ 1295 | | 11 | Single, 1 Bath | $ 850 | | 12 | Single, 1 Bath | $ 1295 | | 13 | Single, 1 Bath | $ 1150 | | 14 | Single, 1 Bath | $ 875 | | 15 | Single, 1 Bath | $ 1295 | |
Total Expenses:
32,444
Scheduled Monthly Income:
17,283
Scheduled Annual Income:
207,396 |
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| 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 - 2-Bed, 1-Bath 4 - 2-Bed with Loft, 1-Bath
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| 8 Units in Santa Monica - SOLD
1544 9th Street
Santa Monica, CA 90401
North of Olympic and South of Broadway
Thomas Guide: 671 F2
Click
here for a map
Purchase Price:
2,000,000
Annual scheduled gross income:
$160,620.00 |
Year built: 1999
Zoning: SMR3
Lot Size: 7497
Building Square Feet: 6290
Parking: 16 Subterranean |
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COMMENTS
Built in 1999. Not under rent control. Edgy high tech loft architecture. 2 units are designated to low income and 1 unit is designated to moderate income. Great Mix, all 2 Bedroom, 1 baths. Upstairs units have lofts. All units have balconies and air conditioning. Security building with security underground parking for 16 spaces. Drive by only, do not disturb tenants. Agent related to owner.*Currently Vacant $1467 is Section 8 Rent. **Low Income Units. ***Moderate Income Units.
FINANCIAL DETAILS
| 1 | 2 Bedroom, 1 Bath | $ 1493 | | 2 | 2 Bedroom, 1 Bath | $ 1467* | | 3 | 2 Bedroom, 1 Bath | $ 873** | | 4 | 2 Bedroom, 1 Bath | $ 1700 | | 5 | 2 Bedroom with loft, 1 Bath | $ 1995 | | 6 | 2 Bedroom with loft, 1 Bath | $ 2095 | | 7 | 2 Bedroom with loft, 1 Bath | $ 1667*** | | 8 | 2 Bedroom with loft, 1 Bath | $ 2095 | |
Total Expenses:
$40,000.00
Scheduled Monthly Income:
$13,385.00
Scheduled Annual Income:
$160,620.00 |
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| 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 1 - 3-Bed, 1 1/4 -Bath House 2 - 2-Bed, 1 3/4 -Bath 2 - 1-Bed, 1 -Bath
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| 5 Units in Santa Monica - SOLD
1022 21st Street
Santa Monica, CA 90403
North of Wilshire and South of Montana
Thomas Guide: 631 F7
Click
here for a map
Purchase Price:
$1,600,000
Annual scheduled gross income:
$123,600** |
Year built: 1927
Zoning: SMR2
Lot Size: 6612
Building Square Feet: 4749
Parking: 2 Open in Front and 4 Carports in Rear |
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COMMENTS
Prime Location Location Location! Great Unit Mix. Extremely large units. Charming Property. Great Investment Opportunity. All 4 units can be delivered vacant at the close of escrow, an owner occupier buyer can vacant the front house. House has fireplace& laundry room. 2 bedrooms units have balconies. Drive by only, do not disturb tenants. Inside with accepted offer only. * House is currenlty rented at $1,136.70 and can be vacated by an owner occupier. Current owner does not occupy. ** All 4 units will be vacant at close of escrow. These are projected market rents.
FINANCIAL DETAILS
| House | 3 Bedroom, 1 1/4 Bath | $ 2800* | | A | 1 Bedroom, 1 Bath | $ 1500** | | B | 1 Bedroom, 1 Bath | $ 1500** | | C | 2 Bedroom, 1 3/4 Bath | $ 2200** | | D | 2 Bedroom, 1 3/4 Bath | $ 2200** | | Laundry | | $ 100 | |
Total Expenses:
$30,000 Approximate
Scheduled Monthly Income:
$10,300**
Scheduled Annual Income:
$123,600** |
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| 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 1 - 1-Bed, 1 -Bath House 1 - 1-Bed, 1 -Bath 2 - 2-Bed, 1 -Bath
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| 4 Units in Santa Monica - SOLD
1715 Franklin
Santa Monica, CA 90404
North of Olympic and West of Bundy
Thomas Guide: 671 H7
Click
here for a map
Purchase Price:
$1,129,000
Annual scheduled gross income:
$70,452* |
Year built: 1940
Zoning: SMR2
Lot Size: 5998
Building Square Feet: 3068
Parking: 3 Carports, 1 Open Space |
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COMMENTS
Charming clean 4 units on quiet tree lined street in very nice Santa Monica neighborhood close to desirable business district. Great mix. 2 bedroom unit vacant at close of escrow. 1 bedroom unit is on house electric. Additional laundry income to be verified. Seller highly motivated, submit all offers. Drive by only, do not disturb tenants. *Unit 3 is vacant. $1700 is projected rent.
FINANCIAL DETAILS
| House | 1 Bedroom, 1 Bath | $ 1591 | | 1 | 1 Bedroom, 1 Bath | $ 955 | | 2 | 2 Bedroom, 1 Bath | $ 1625 | | 3 Vacant | 2 Bedroom, 1 Bath | $ 1700* | |
Total Expenses:
$17,613 - Approximate
Scheduled Monthly Income:
$5,871*
Scheduled Annual Income:
$70,452* |
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| 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 1 - 2 Story 3-Bed, 2 -Bath 2 - 2-Bed, 1 -Bath
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| 3 Units in Santa Monica - SOLD
1125 Bay Street
Santa Monica, CA 90405
1 Block South of Pico & East of Lincoln
Thomas Guide: 671 G2
Click
here for a map
Purchase Price:
$1,449,000
Annual scheduled gross income:
$98,400 |
Year built: 1947
Zoning: SMR2
Lot Size: 7728
Building Square Feet: 3772
Parking: 4 One Car Garages |
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COMMENTS
All units are VACANT property was Ellised in Sept 2002. Beautiful charming pride of ownership property. Immaculately maintained. Environmentally landscaped. Separate meters. 2 units are combined to large 2 story owner’s unit with 3 bedrooms, den & 2 baths, beautiful view including peek of ocean from bay windows, 2 car garage, private serene yard with spa. Ideal for owner user, group of owners and/or investor desiring to rent all units at market rent in Sept of this year. Large Lot. Must see, very unique. Bring only qualified buyers.
FINANCIAL DETAILS
| A | 2 Bedroom, 1 Bath | $ 2,000 | | B | 3 Bedrooms, 2 Bath | $ 3,500 | | C | 2 Bedroom, 1 Bath | $ 2,200 | |
Total Expenses:
$6,000
Scheduled Monthly Income:
$8,200
Scheduled Annual Income:
$98,400 |
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| 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 3 - 2-Bed, 1-Bath 2 - Single, 1-Bath
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| 5 Units in Santa Monica - SOLD
1427 17th Street
Santa Monica, CA 90404
South of Santa Monica Blvd & East of 20th Street
Thomas Guide: 671 F1
Click
here for a map
Purchase Price:
$1,350,000
Annual scheduled gross income:
$110,280.00 |
Year built: 1928
Zoning: SMR2
Lot Size: 7497
Building Square Feet: 4000 Approximate
Parking: 4 One Car Garages |
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COMMENTS
Charming well maintained property in Santa Monica. Close to everything. All 2 bedroom units are separate cottages. Prime Owner User and great investment with upside potential. 2 units will be vacant at the close of escrow. Drive by only, do not disturb tenants. Inside with accepted offer only. *Unit B is Owner Occupied and will be vacant at close of escrow. Unit C is currently vacant. Unit E currently rented at $1,795 will be vacant at end of May ***Projected rents of 3 garages @ $175.00. Unit A has a garage as part of rental agreement.
FINANCIAL DETAILS
| A | 2 Bedroom, 1 Bath | $ 1,735 | | B | 2 Bedroom, 1 Bath | $ 2,400* | | C | Single, 1 Bath | $ 1,500* | | D | Single, 1 Bath | $ 1,035 | | E | 2 Bedroom, 1 Bath | $ 2,400** | | Laundry | | $ 200 | | Parking | | $ 525*** | |
Total Expenses:
$17,000.00
Scheduled Monthly Income:
$9,190.00
Scheduled Annual Income:
$110,280.00 |
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| The information presented here is based upon sources we deemed to be reliable, but for which we assume no responsibility. |
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