901 19th St Santa Monica, CA 90403-6941
This exceptional Class A, 7-unit apartment building at 901 19th Street, Santa Monica, CA 90403, presents a compelling investment opportunity. Boasting a desirable North of Wilshire location, this property offers a strong mix of unit sizes, including a spacious 3-bedroom owner's unit, along with 2-bedroom and 1-bedroom units. Built in 1948, the building sits on a prime corner lot, providing excellent visibility and access. The property currently generates a Net Operating Income (NOI) of $157,981, resulting in a 3.55% capitalization rate. The asking price is $4,450,000. Its proximity to Montana Avenue ensures high demand due to the abundance of nearby restaurants, shops, and cafes. This fully occupied building is situated in one of Santa Monica's most coveted areas, commanding above-average rental rates. Given the current occupancy, showings are only available after an accepted offer. This is a rare chance to acquire a trophy asset in a highly sought-after location with significant potential for future appreciation. The property's strong financial performance and prime location make it an ideal addition to any investment portfolio. Serious inquiries only.
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Brourman Physical Therapy Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SMR2* · Santa Monica, CASanta Monica. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.