1427 15th Street
1427 15th Street
$2,450,000
18
13
8,623
8,623
$284
Description
Price reduced for fast sale! We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $832 for 1 bedroom units and $988 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating...Price reduced for fast sale! We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $832 for 1 bedroom units and $988 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. The top floor 3 bed 2 bath "owner's unit" which offers incredible amazing city views from the balcony is PERFECT FOR AN OWNER/USER. The property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. There is potential to convert the two-car garages into market-rate ADUs (Buyer to verify with the city). In total there are six vacant units (3 rent ready and 3 gutted units). Santa Monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. The mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's robust rental market.
- Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Don Favia • DRE #01841258 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 1427 15th Street
Zoning
SMR3*
Parcel Number4282020019
Total Units10.0
Living Area8623
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate6
Lot Size Area7495
Location
LISTING UPDATED: 05/31/2024 12:47 PM
Property Details for 1427 15th Street
Status | Active |
---|---|
MLS # | 23-310071 |
Days on Market | 130 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1968 |
Lot Size | 0.17 AC / 7,495 SF |
County | Los Angeles County |
Location
Building Information for 1427 15th Street
Stories2Residences-Year Built1968Building Size-Lot Size0.17 AC / 7,495 SF
Payment Calculator
$17,996 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1427 15th Street
Property History for 1427 15th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1427 15th Street
Taxable ValueLand$3,234,505Additions$1,387,025Total$4,621,530
Tax Record2023$55,497 ($4,625 / month)
Home Facts
Total Finished SqFt8,623 SqFtAbove Grade Finished SqFt8,623 SqFtLot Size7,495 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningSMR3*CountyLOS ANGELESAPN4282-020-019
Schools near 1427 15th Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
McKinley Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Olympic High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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