1318 Yale Street

    Santa Monica, CA 90404
    • $3,000,000
    • STATUS: Active
    • ON SITE: 132 days
    • ID#: 19464054
    UPDATED: 9 min ago
    $3,000,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,414
      SQFT
    • $879
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    6 beautiful, attached cottages as income property; 5 units are 1 bedroom and 1 unit is a single; currently generates $11,700 gross income/month; beautifully landscaped; each unit has a semi-private, red-wood deck; all units have been renovated within the past 10 years; hardwood floors, Italian porcelain tile; all new, vinyl-frame, double-glass windows; laundry room on the premises that generates income; separate large storage room; two closed car garages; excellent location, good neighborhood, close to all amenities.Broker is the husband of the seller.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T17:44:22.657. 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 or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94545273

    1318 Yale Street Santa Monica, CA 90404

    • Price: $3,000,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: 19464054
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,414
    SQFT
    $879
    $/SQFT
    1947
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    6 beautiful, attached cottages as income property; 5 units are 1 bedroom and 1 unit is a single; currently generates $11,700 gross income/month; beautifully landscaped; each unit has a semi-private, red-wood deck; all units have been renovated within the past 10 years; hardwood floors, Italian porcelain tile; all new, vinyl-frame, double-glass windows; laundry room on the premises that generates income; separate large storage room; two closed car garages; excellent location, good neighborhood, close to all amenities.Broker is the husband of the seller.
    Exterior Features

    Construction Materials Other Direction Faces East Foundation Details Raised Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking YN Yes

    Interior Features

    Appliances RefrigeratorGas Oven Appliances YN Yes Cooling None Cooling YN No Flooring TileWood Laundry Features Common Area Levels One Window Features Double Pane Windows

    Property Features

    Cap Rate 4.75 Gross Multiplier 22.60 Gross Operating Income 137184.00 Improvements Amount 216383 Insurance Expense 2400.00 Land Lease Amount Frequency Monthly Land Lease YN No Land Value 865563 Laundry YN Yes Net Operating Income 109444.00 Special Listing Conditions Standard Tenant Pays ElectricityCable TvGas Total Actual Rent 109444.00 Total Expenses 27740.00 Water Sewer Expense 4500.00 Zoning Smr2*

    Listing provided courtesy of Akiva Sherman of Akiva Sherman


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T17:44:22.657. 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 or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024