1112 19th Street

Santa Monica, CA 90403

$2,500,000
Price
10
Beds
8
Baths
6,080 Sq. Ft.
$411 / Sq. Ft.
6,080
Sq. Ft.
$411
per Sq. Ft.

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...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.
  1. Listed by Steven Foonberg • DRE #01232587 • Brokerage DRE #01232587 • Westside Realty Group

Property Details for 1112 19th Street

Zoning
SMR2*
Style
Spanish
Parcel Number
4276009012
Total Units
4.0
Living Area
6080
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
4478
LISTING UPDATED: 11/22/2024 05:05 PM

Property Details for 1112 19th Street

StatusActive
MLS #24-465611
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.18 AC / 7,997 SF
CountyLos Angeles County

Building Information for 1112 19th Street

Stories2Residences-Year Built-Building Size-Lot Size0.18 AC / 7,997 SF

Property Information for 1112 19th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Amenities: Pool
  • Association Amenities: Pool
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: Yes
  • Disclosures: Probate
  • Listing Type: Probate
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $149,280
  • Net Operating Income: $95,569.00
  • Gross Income: $149,280
  • Gross Rent Multiplier: $16.75
  • Financial Info as Of: 10/31/2024
  • Owner Pays: Gardener, Water, Pool Service
  • Total Annual Expense: 48424
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1836
  • Lot Size Square Feet: 7997
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Converted Garage
  • Total Parking: 5
  • Garage Spaces Total: 2
  • Carport Spaces Total: 3
  • Parking Features: Detached Carport, Converted Garage
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Mixed
  • Equipment: Dryer, Washer
  • Laundry: Community, Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-22-2024
  • Listing Terms: Probate
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $678,072.00
  • Assessed Improvement Percent: 52.02
  • Assessed Land Value: $625,333.00
  • Assessed Land Percent: 47.98
  • Assessed Total Value: $1,303,405.00

Property History for 1112 19th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1112 19th Street

Taxable ValueLand$637,839Additions$691,633Total$1,329,472
Tax Record2024$16,876 ($1,406 / month)
Home Facts
Total Finished SqFt6,080 SqFtAbove Grade Finished SqFt6,080 SqFtLot Size7,995 SqFtStyleQuadraplexZoningSMR2*CountyLOS ANGELESAPN4276-009-012

Schools near 1112 19th 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
Franklin 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.

Similar Homes

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Similar Sold Homes

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1112 19th Street is a multi-family home for sale in Santa Monica, CA 90403. This property was listed for sale on November 21, 2024 by Westside Realty Group, it's currently listed at $2,500,000. It has been on the market for a total of 1 days and was last sold on September 23, 1998. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Franklin Elementary School, Lincoln Middle School and Santa Monica High School. 1112 19th Street is a 10-bed, 8-bath, 6,080 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westside Realty Group, Steven Foonberg, DRE #01232587

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.