1242 17TH Street

    Santa Monica, CA 90404
    • $3,350,000
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: 19440644
    UPDATED: 82 min ago
    $3,350,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,055
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Just Reduced! Seller is motivated. We are pleased to present for sale a 6-unit multifamily building located at 1242 17th St, Santa Monica.Constructed in 1970, the 7,055 square foot property is situated on a 7,485 square foot lot. It's located between Wilshire Blvd and Santa Monica Blvd, a little over a mile from the ocean. The building consists of one 1BD/1BA, four 2BD/2BA, and one 3BD/2.5BA split level Owners Unit unit.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. 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/92368374

    1242 17TH Street Santa Monica, CA 90404

    • Price: $3,350,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: 19440644
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,055
    SQFT
    $475
    $/SQFT
    1970
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Just Reduced! Seller is motivated. We are pleased to present for sale a 6-unit multifamily building located at 1242 17th St, Santa Monica.Constructed in 1970, the 7,055 square foot property is situated on a 7,485 square foot lot. It's located between Wilshire Blvd and Santa Monica Blvd, a little over a mile from the ocean. The building consists of one 1BD/1BA, four 2BD/2BA, and one 3BD/2.5BA split level Owners Unit unit.
    Exterior Features

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

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.11 Electric Expense 600.00 Fuel Expense 1000.00 Gross Multiplier 16.71 Gross Operating Income 200524.00 Improvements Amount 574317 Insurance Expense 2200.00 Land Value 382872 Laundry Income 400.00 Laundry YN Yes Maintenance Expense 3000.00 Net Operating Income 135270.00 Other Expense 2000.00 Special Listing Conditions Standard Total Expenses 56965.00 Water Sewer Expense 4800.00 Zoning Smr2*

    Listing provided courtesy of Joshua Luchs of Cb Richard Ellis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. 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