TURNKEY GREEN NORTH SANTA MONICA APARTMENT BUILDING from Jodi Summers 7-23-2015
TURNKEY GREEN NORTH SANTA MONICA APARTMENT BUILDING WILL GIVE A GOOD RETURN
921 16TH ST SANTA MONICA, CA 90403

Jodi Summers

Sotheby’s International Realty

310.392.1211

jodi@jodisummers.com

 

TURNKEY GREEN NORTH SANTA MONICA APARTMENT BUILDING WILL GIVE A GOOD RETURN

921 16TH ST SANTA MONICA, CA 90403

Price: $3,695,000  

Property Type: 6-unit multifamily

Net Operating Income: $204,421

Gross Rent Multiplier: 14.77

Building Size: 5,268 SF

Lot Size: 7,497 SF

Tenancy: Multiple

Year Built: 1927

 

Description

Location! Location! Location! And a good return. Fabulous, turnkey, green 6-unit building steps from Montana Ave. Remodeled in 2009 & 2013, this former family compound boasts an array of features including common area solar, ReWater greywater system, new wiring, plumbing, roofing, windows, appliances, custom cabinetry and original hardwood floors. Dedicated bike parking. Tenants pay ALL utilities, including WATER! The front units boast ocean views, fireplaces & private patios. Located in the coveted Franklin Elementary School district. Laundry income is $1,200/year and 4 units will be delivered vacant. Walking distance to the beach, 3rd Street Promenade and elegant Montana Ave.

 

Location

Just south of Montana Ave. North of Wilshire Blvd.

 

Unit Information

Type             Bedrooms     Baths            Revenue

Unit 1                      2        1.00              $4,200

Unit 2                      2        1.50              $4,200

Unit 3                     3        2.00              $4,750

Unit 4                     1        1.00              $2,350

Unit 5                     1        1.00              $2,550

Unit 6                     1        1.00              $2,100

 

Please contact us for more information.

 

Best,

Jodi Summers

Broker Associate

Sotheby’s International Realty

310.392.1211

jodi@jodisummers.com

www.SantaMonicaPropertyBlog.com

CalBRE - 01343854

**

Very little is needed to make a happy life; it is all within yourself, in your way of thinking. - Marcus Aurelius 

 

 p.s. This is not intended as a solicitation if your property is already listed with another agent. Broker/Agent may not hold the listing on this property and does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources.

Jodi Summers
Broker Associate

DRE #01343854
+1 310.430.9749 | jodi@jodisummers.com.deactivated
www.santamonicapropertyblog.com/


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© 2024 Sotheby’s International Realty, Inc. All rights reserved. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc.