1312 19th St Santa Monica, CA 90404-1928
- Apartment buildings
- 8,903 SF
- 0.17 lot acres
Current Use by Public Records
- Socal Hardwood Floors / Flooring Store
Property Details for 1312 19th St
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 8,903 SF
- Zone code
- SMR2*
- Property type
- Apartment buildings
- APN
- 4276-029-003
- APU
- 4276029003
Description
This exceptional value-add opportunity presents a 6-unit apartment building in desirable Santa Monica, CA (APN 4276-029-003). The property, built in 1969, boasts 8,903 square feet on a 7,507 square foot lot and is zoned SMR2. Currently operating at 50% occupancy, the property offers a compelling investment with a current NOI of $199,746 and a projected NOI of $247,497, translating to a 5.06% cap rate and a pro-forma cap rate of 6.27%. The asking price is $3,950,000, or $443.67 per square foot and $658,333.33 per unit. The unit mix includes one large 4-bedroom, 2.5-bathroom townhouse (over 2,000 sq ft) with a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry, and a finished basement (potential ADU conversion)
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $310,000
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Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.482
- Latitude
- 34.0287
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
