Homes for sale - 1112 19th St, Santa Monica, CA 90403

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John Matukas

john.matukas@exprealty.com +1(323) 377-4961

$2,500,000

Est. payment - /mo

10 Beds

8 Baths

6,080 SqFt

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UPDATED:

11/26/2024 06:04 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 6,080 sqft

Price per Sqft $411

MLS Listing ID 24-465611

Style Spanish

Bedrooms 10

Lot Size 7,997 Sqft

Acres 0.1836

Property Description

Investment Opportunity in Santa Monica 1112 19th St Seize the chance to own a versatile multifamily property in the heart of Santa Monica! This unique investment offering features four units and significant potential for growth: 3 Two-Bedroom Units: Spacious and centrally located, these units provide steady rental income in a highly sought-after area. The demand for quality rental housing in Santa Monica ensures long-term tenant interest. 1 Detached Four-Bedroom Home: A rare addition, this standalone home offers ample space and additional income potential, perfect for a larger family or a high-demand rental unit. Key Property Features: On-Site Income-Generating Laundry: Another opportunity to increase cash flow with minimal effort. Separately Metered for Gas and Electricity: Tenants are responsible for their utilities, reducing operating costs for the owner. Unit 2 Delivered Vacant: Unit 2 will be delivered vacant at the close of escrow, providing immediate potential for a new tenant or renovation. Property Condition: The Property shows some deferred maintenance and is priced accordingly, therefore creating an excellent opportunity for value-add improvements and forced appreciation. Probate Sale Not Subject to Court Confirmation: Streamlined purchase process for qualified buyers. Occupied Units Available for Viewing with Accepted Offer: Due to tenant privacy, occupied units will be shown only with an accepted offer. With a prime Santa Monica location and significant upside potential, this property is a rare find for an investor looking to add value and secure long-term rental income. Whether you're looking to renovate and maximize rents or maintain the property as-is, the opportunity here is substantial. The Property has a Recorded Easement to use the Pool next door at 1118 19th Street. 1118 19th Street has an Easement to use the Laundry Room at 1112 19th Street. 1118 19th Street is also for sale and listed separately.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Flooring Mixed

Fireplaces Type Living Room

Equipment Dryer, Washer

Laundry Community, Room

Exterior

Parking Features Carport Detached, Converted Garage

Garage Spaces 5.0

Amenities Available Pool

Building

Story 2

Architectural Style Spanish

Level or Stories Two

Schools

School District Santa Monica-Malibu Unified School District

Others

Special Listing Condition Probate Listing

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Westside Realty Group

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John Matukas

+1(323) 377-4961

Dedicated to Your outcome

1112 19th St Santa Monica, CA 90403

John Matukas

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others