1312 19th Street

Santa Monica, CA 90404

$3,950,000
Price
16
Beds
13
Baths
8,903 Sq. Ft.
$444 / Sq. Ft.
8,903
Sq. Ft.
$444
per Sq. Ft.

Description

1312 19th Street is a multifamily investment opportunity that features six spacious units in the heart of Santa Monica. The property includes an over 2,000SF 4 BD / 2.5 BA townhouse boasting a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry ,and a finished basement that may be a part of a potential ADU conversion that may provide additional income. The townhouse is one of three units that will be delivered vacant. It also offers two 3BD/2BA units that are roughly...1312 19th Street is a multifamily investment opportunity that features six spacious units in the heart of Santa Monica. The property includes an over 2,000SF 4 BD / 2.5 BA townhouse boasting a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry ,and a finished basement that may be a part of a potential ADU conversion that may provide additional income. The townhouse is one of three units that will be delivered vacant. It also offers two 3BD/2BA units that are roughly 1,500 SF each and three 2BD/2BA units approximately1,200 SF each. Onsite laundry facilities and six carport spaces further enhance revenue potential. With half of the units delivered vacant this property presents an excellent value-add opportunity, offering significant potential for growth and appreciation for years to come. The enormous 4 bedroom townhouse is perfect for owner occupancy.
  1. Listed by Joshua Luchs • DRE #01845545 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
  2. Listed by Natalie Hagler • DRE #02200672 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1312 19th Street

Zoning
SMR2*
Parcel Number
4276029003
Total Units
6.0
Living Area
8903
Source Living Area
Title Company
Area
Santa Monica (C14)
Vacancy Rate
50%
Lot Size Area
7507
LISTING UPDATED: 10/21/2024 10:58 AM

Property Details for 1312 19th Street

StatusActive
MLS #24-455093
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.17 AC / 7,507 SF
CountyLos Angeles County

Building Information for 1312 19th Street

Stories1Residences-Year Built1969Building Size-Lot Size0.17 AC / 7,507 SF

Property Information for 1312 19th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Rent Control
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $268,611
  • Net Operating Income: $199,746.00
  • Gross Income: $276,872
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: $14.34
  • Vacancy Allow Dollar: $8,261.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 68865
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1723
  • Lot Size Square Feet: 7507
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 7
  • Covered Parking: 6
  • Open Other Spaces Total: 1
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-21-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,380.00
  • Unit Actual Rent: $5,380.00
  • Unit Projected Rent: $8,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,522.00
  • Unit Actual Rent: $2,868.00
  • Unit Projected Rent: $3,820.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,178,258.00
  • Assessed Improvement Percent: 37.04
  • Assessed Land Value: $2,003,042.00
  • Assessed Land Percent: 62.96
  • Assessed Total Value: $3,181,300.00

Property History for 1312 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 1312 19th Street

Taxable ValueLand$2,043,102Additions$1,201,823Total$3,244,925
Tax Record2024$39,496 ($3,291 / month)
Home Facts
Total Finished SqFt8,903 SqFtAbove Grade Finished SqFt8,903 SqFtLot Size7,505 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningSMR2*CountyLOS ANGELESAPN4276-029-003

Schools near 1312 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
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.

Similar Homes

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1312 19th Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on October 1, 2024 by Kidder Mathews of California, Inc., it's currently listed at $3,950,000. 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. 1312 19th Street is a 16-bed, 13-bath, 8,903 sqft multi-family home built in 1969.

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 Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545; Kidder Mathews of California, Inc., Natalie Hagler, DRE #02200672

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.