1256 Princeton Street

Santa Monica, CA 90404

$1,300,000
Price
6
Beds
6
Baths
3,105 Sq. Ft.
$419 / Sq. Ft.
3,105
Sq. Ft.
$419
per Sq. Ft.

Description

1256 Princeton represents a great opportunity to rehab the existing 6 vacant units, or scrape and rebuild multiple units. Currently, there are five one-bedroom + one-bath units and one single in approximately 3,105 square feet of improvements. The buildings need to be completely rehabbed. Four of the units have been vacant for approximately 28 years or more, one has been vacant since approximately 2004 and one since about 2016. This is the first time the property is being sold in over 65 years! Situated...1256 Princeton represents a great opportunity to rehab the existing 6 vacant units, or scrape and rebuild multiple units. Currently, there are five one-bedroom + one-bath units and one single in approximately 3,105 square feet of improvements. The buildings need to be completely rehabbed. Four of the units have been vacant for approximately 28 years or more, one has been vacant since approximately 2004 and one since about 2016. This is the first time the property is being sold in over 65 years! Situated in a fabulous area of Santa Monica - just block from Wilshire Blvd and a few blocks from Douglas Park, Erewhon market, CVS, McKinley Elementary School and St. John's Medical Center - the R2-zoned lot measures 6,403 square feet and has an alley in back. Agents: please read agent remarks for agent instructions & om.
  1. Listed by Eric Sackler • DRE #01057377 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Susan Lau • DRE #01516710 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1256 Princeton Street

Zoning
SMR2*
Parcel Number
4267007017
Total Units
6.0
Living Area
3105
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
100%
Lot Size Area
6405
LISTING UPDATED: 09/18/2024 12:01 AM

Property Details for 1256 Princeton Street

StatusActive
MLS #24-437729
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.15 AC / 6,405 SF
CountyLos Angeles County

Building Information for 1256 Princeton Street

Stories2Residences-Year Built1937Building Size-Lot Size0.15 AC / 6,405 SF

Property Information for 1256 Princeton Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Vacancy Allow Percent: 100.00%
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.147
  • Lot Size Square Feet: 6405
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 6
  • Garage Spaces Total: 6
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $186,060.00
  • Assessed Improvement Percent: 40.98
  • Assessed Land Value: $267,921.00
  • Assessed Land Percent: 59.02
  • Assessed Total Value: $453,981.00

Property History for 1256 Princeton 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 1256 Princeton Street

Taxable ValueLand$273,279Additions$190,121Total$463,400
Tax Record2023$6,812 ($568 / month)
Home Facts
Total Finished SqFt3,105 SqFtAbove Grade Finished SqFt3,105 SqFtLot Size6,403 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningSMR2*CountyLOS ANGELESAPN4267-007-017

Schools near 1256 Princeton 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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1256 Princeton Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on September 10, 2024 by Coldwell Banker Realty, it's currently listed at $1,300,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1256 Princeton Street is a 6-bed, 6-bath, 3,105 sqft multi-family home built in 1937.

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 Coldwell Banker Realty, Eric Sackler, DRE #01057377; Coldwell Banker Realty, Susan Lau, DRE #01516710

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.