1438 14th Street
$3,500,000
16
16
8,498
8,498
$412
Description
12.5 GRM with Maximum Allowable Rents (MARs) in place! Rents and Gross income, listed below, are with MARs. First time on the market! Great value-add opportunity on this 10 unit property. Current rents are 15% below the City of Santa Monica MARs. Raise the rents with proper notice to the tenants (Buyer to confirm with Santa Monica Rent Control). Gross Annual Income using MARs is $280,556 (12.5 X gross). Gross Annual Income using current rents is $237,884. See current Rent Roll and MAR rent roll (see...12.5 GRM with Maximum Allowable Rents (MARs) in place! Rents and Gross income, listed below, are with MARs. First time on the market! Great value-add opportunity on this 10 unit property. Current rents are 15% below the City of Santa Monica MARs. Raise the rents with proper notice to the tenants (Buyer to confirm with Santa Monica Rent Control). Gross Annual Income using MARs is $280,556 (12.5 X gross). Gross Annual Income using current rents is $237,884. See current Rent Roll and MAR rent roll (see documents tab). There are (6) 2 bedrooms/2 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. The 2 front 2 bedrooms/2 bathroom units are split level with high ceilings. Good long term upside in rents. Close to restaurants and shopping in sunny Santa Monica! Seller provided a soft-story retrofit proposal (see documents tab) Inside with an accepted offer. Please do not disturb tenants. Please text for the quickest response. Voicemail and email also answered promptly. Thank you for your interest!
- Listed by David Putnam • DRE #01036004 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert
Property Details for 1438 14th Street
Zoning
SMR3*
StyleTraditional
Cross Streets14th St. and Santa Monica Blvd
Parcel Number4282022008
Total Units10.0
Living Area8498
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
LISTING UPDATED: 11/20/2024 11:20 AM
Property Details for 1438 14th Street
Status | Active |
---|---|
MLS # | 24-458595 |
Days on Market | 13 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1967 |
Lot Size | 0.17 AC / 7,491 SF |
County | Los Angeles County |
Building Information for 1438 14th Street
Stories2Residences-Year Built1967Building Size-Lot Size0.17 AC / 7,491 SF
Property Information for 1438 14th Street
Property History for 1438 14th 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 1438 14th Street
Taxable ValueLand$206,813Additions$147,719Total$354,532
Tax Record2024$6,129 ($511 / month)
Home Facts
Total Finished SqFt8,498 SqFtAbove Grade Finished SqFt8,498 SqFtLot Size7,489 SqFtStyleMulti-Family Res (5+ Units)Year Built1967ZoningSMR3*CountyLOS ANGELESAPN4282-022-008
Schools near 1438 14th 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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