1138 Princeton Street

    Santa Monica, CA 90403
    • $9,998,000
    • STATUS: Pending
    • ON SITE: 135 days
    • ID#: 19430126
    Pending
    UPDATED: 29 min ago
    $9,998,000
    • 0
      BEDS
    • 0.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,060
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    We are pleased to present 1132 and 1138 Princeton Street - a world-class multifamily community consisting of 24-unit apartment homes located in Santa Monica, CA 90403. 1132 and 1138 Princeton features 24 units built in 1948 with an exceptional unit mix of Twelve (12) Two Bedrooms / One Bath and Twelve (12) One Bedroom / One Bath apartment homes. The interiors boast vintage details, typical of a 1948 era property, and include very large interiors, wood flooring, and character throughout. The two-story buildings feature a large manicured courtyard, architectural embellishments, and assigned parking garages for 23 vehicles. The property is located in a prime neighborhood within the beach community. It's near exceptional amenities with an array of dining, shopping, coffee shops, bars, jogging trails, and the beach - a great location with numerous outdoor recreational and entertainment values. The property offers convenient access to business services and major employment centers.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T13:30:51.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/91493812

    1138 Princeton Street Santa Monica, CA 90403

    • Price: $9,998,000
    • Status: Pending
    • Updated: 29 min ago
    • ID#: 19430126
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.72
    Acres
    21,060
    SQFT
    $0
    $/SQFT
    1948
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are pleased to present 1132 and 1138 Princeton Street - a world-class multifamily community consisting of 24-unit apartment homes located in Santa Monica, CA 90403. 1132 and 1138 Princeton features 24 units built in 1948 with an exceptional unit mix of Twelve (12) Two Bedrooms / One Bath and Twelve (12) One Bedroom / One Bath apartment homes. The interiors boast vintage details, typical of a 1948 era property, and include very large interiors, wood flooring, and character throughout. The two-story buildings feature a large manicured courtyard, architectural embellishments, and assigned parking garages for 23 vehicles. The property is located in a prime neighborhood within the beach community. It's near exceptional amenities with an array of dining, shopping, coffee shops, bars, jogging trails, and the beach - a great location with numerous outdoor recreational and entertainment values. The property offers convenient access to business services and major employment centers.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Cap Rate 3.30 Gross Multiplier 18.40 Gross Operating Income 542082.00 Improvements Amount 142995 Land Value 249255 Net Operating Income 334489.00 Special Listing Conditions Standard Total Expenses 196751.00 Zoning Smr2*

    Listing provided courtesy of Darin Spillman of Hudson Commercial Partners, In and Rich Johns of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T13:30:51.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024