15 Horizon Avenue
Venice, CA 90291
Venice Beach Boardwalk and South of Pacific

Thomas Guide: 671 G6
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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

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

Total Expenses:
$134,400

Scheduled Monthly Income:
$32,160

Scheduled Annual Income:
$385,920

1848 12th Street
Santa Monica, CA 90403
North of Pico Blvd & East of Lincoln Blvd

Thomas Guide: 671 G2
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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

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

Total Expenses:
$11,931.00

Scheduled Monthly Income:
$4,079.24

Scheduled Annual Income:
$48,950.88

2201 - 2203 Oak Street
Santa Monica, CA 90405
South of Ocean Park & East of 20th Street

Thomas Guide: 671 J2
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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

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

Total Expenses:
$13,960

Scheduled Monthly Income:
$7,840

Scheduled Annual Income:
$94,080

1023 4th Street
Santa Monica, CA 90403
South of Montana & North of Wilshire

Thomas Guide: 671 D1
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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

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

Total Expenses:
32,444

Scheduled Monthly Income:
17,283

Scheduled Annual Income:
207,396

1544 9th Street
Santa Monica, CA 90401
North of Olympic and South of Broadway

Thomas Guide: 671 F2
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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

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.

1022 21st Street
Santa Monica, CA 90403
North of Wilshire and South of Montana

Thomas Guide: 631 F7
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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

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.

1715 Franklin
Santa Monica, CA 90404
North of Olympic and West of Bundy

Thomas Guide: 671 H7
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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

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.

1125 Bay Street
Santa Monica, CA 90405
1 Block South of Pico & East of Lincoln

Thomas Guide: 671 G2
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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

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

Total Expenses:
$6,000

Scheduled Monthly Income:
$8,200

Scheduled Annual Income:
$98,400

1427 17th Street
Santa Monica, CA 90404
South of Santa Monica Blvd & East of 20th Street

Thomas Guide: 671 F1
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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

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.