917 Lincoln Boulevard

    Santa Monica, CA 90403
    • $4,600,000
    • STATUS: Active
    • ON SITE: 222 days
    • ID#: EV18218496
    UPDATED: 240 min ago
    $4,600,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,416
      SQFT
    • $849
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    PRICE REDUCED!!! Four of six units are ready for immediate remodeling without the need to relocate tenants. Just below Montana this charming vintage building is walking distance to the beach, 3rd Street Promenade and the Pier. These large units have hardwood floors, large windows and period charm. This is a great opportunity for an investor with a desire to bring a classic property to its full potential. Call for more information. Show on accepted offers only. Please do not disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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/87362455

    917 Lincoln Boulevard Santa Monica, CA 90403

    • Price: $4,600,000
    • Status: Active
    • Updated: 240 min ago
    • ID#: EV18218496
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,416
    SQFT
    $849
    $/SQFT
    1924
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    PRICE REDUCED!!! Four of six units are ready for immediate remodeling without the need to relocate tenants. Just below Montana this charming vintage building is walking distance to the beach, 3rd Street Promenade and the Pier. These large units have hardwood floors, large windows and period charm. This is a great opportunity for an investor with a desire to bring a classic property to its full potential. Call for more information. Show on accepted offers only. Please do not disturb tenants.
    Exterior Features

    Garage Spaces 5.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Heating Floor Furnace Heating YN Yes Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.47 Community Features SidewalksStreet Lights Country Us Electric Expense 3540.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 15000.00 Garage Rental Rate 250.00 Gardener Expense 1080.00 Gross Income 333000.00 Gross Multiplier 13.81 Gross Operating Income 323010.00 Gross Scheduled Income 333000.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Maintenance Expense 6000.00 Net Operating Income 249390.00 New Construction YN No New Taxes Expense 57000.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 7 Number Of Units Leased 2 Operating Expense 73620.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Town Of Santa Monica Tract Total Actual Rent 5790.00 Total Expenses 73620.00 Trash Expense 2400.00 Vacancy Allowance 9990 Vacancy Allowance Rate 3.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Kim Suman of Capre and Daniel Corcoran of Capre


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024