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.
|