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    1415 Centinela Avenue

    Santa Monica, CA 90404
    • $2,495,000
    • STATUS: Active
    • ON SITE: 142 days
    • ID#: 20658892
    UPDATED: 8 min ago
    $2,495,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,904
      SQFT
    • $639
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    BRC Advisors -BH is proud to present for sale this value-add five-unit apartment property located at 1415 South Centinela Avenue, in Santa Monica, California. The property consists of three separate structures on one lot, consisting of an attractive unit mix with four (4) three-bedroom/two-bathroom units and a one-bedroom/one-bathroom unit. Situated on a 7,564 square foot lot, the property is located just south of Santa Monica Blvd. Three of the units have washer/dryers (see rent roll) and three units are currently vacant, allowing a buyer to immediately implement a renovation plan of those units and exterior areas to obtain maximum rents. Additionally, there are approximately seven onsite parking spaces and the units have separate water heaters, some of which are tankless. Upon renovating and renting the three vacant 3-bedroom units at the projected market rent of $3,795, a buyer will achieve a projected cap rate of 5.28% and a gross rent multiplier of only 13.0x!!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T09:25:30.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/112055920
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    1415 Centinela Avenue Santa Monica, CA 90404

    • Price: $2,495,000
    • Status: Active
    • Updated: 8 min ago
    • ID#: 20658892
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,904
    SQFT
    $639
    $/SQFT
    1923
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    BRC Advisors -BH is proud to present for sale this value-add five-unit apartment property located at 1415 South Centinela Avenue, in Santa Monica, California. The property consists of three separate structures on one lot, consisting of an attractive unit mix with four (4) three-bedroom/two-bathroom units and a one-bedroom/one-bathroom unit. Situated on a 7,564 square foot lot, the property is located just south of Santa Monica Blvd. Three of the units have washer/dryers (see rent roll) and three units are currently vacant, allowing a buyer to immediately implement a renovation plan of those units and exterior areas to obtain maximum rents. Additionally, there are approximately seven onsite parking spaces and the units have separate water heaters, some of which are tankless. Upon renovating and renting the three vacant 3-bedroom units at the projected market rent of $3,795, a buyer will achieve a projected cap rate of 5.28% and a gross rent multiplier of only 13.0x!!!
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Country Us Gross Income 192399.00 Gross Multiplier 13.00 Gross Operating Income 192399.00 Net Operating Income 131836.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 54821.00 Zoning Smr2*

    Listing provided courtesy of Ardy Ishal of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T09:25:30.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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