Investment Opportunity in Santa Monica 1112 19th St Seize the chance to own a versatile multifamily property in the heart of Santa Monica! This unique investment offering features four units and significant potential for growth: 3 Two-Bedroom Units: Spacious and centrally located, these units provide steady rental income in a highly sought-after area. The demand for quality rental housing in Santa Monica ensures long-term tenant interest. 1 Detached Four-Bedroom Home: A rare addition, this standalone home offers ample space and additional income potential, perfect for a larger family or a high-demand rental unit. Key Property Features: On-Site Income-Generating Laundry: Another opportunity to increase cash flow with minimal effort. Separately Metered for Gas and Electricity: Tenants are responsible for their utilities, reducing operating costs for the owner. Unit 2 Delivered Vacant: Unit 2 will be delivered vacant at the close of escrow, providing immediate potential for a new tenant or renovation. Property Condition: The Property shows some deferred maintenance and is priced accordingly, therefore creating an excellent opportunity for value-add improvements and forced appreciation. Probate Sale Not Subject to Court Confirmation: Streamlined purchase process for qualified buyers. Occupied Units Available for Viewing with Accepted Offer: Due to tenant privacy, occupied units will be shown only with an accepted offer. With a prime Santa Monica location and significant upside potential, this property is a rare find for an investor looking to add value and secure long-term rental income. Whether you’re looking to renovate and maximize rents or maintain the property as-is, the opportunity here is substantial. The Property has a Recorded Easement to use the Pool next door at 1118 19th Street. 1118 19th Street has an Easement to use the Laundry Room at 1112 19th Street. 1118 19th Street is also for sale and listed separately.
Property Details
Price:
$2,500,000
MLS #:
24465611
Status:
Pending
Baths:
0
Address:
1112 19th Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Nov 21, 2024
State:
CA
ZIP:
90403
Lot Size:
7,997 sqft / 0.18 acres (approx)
See this Listing
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Schools
Interior
Cooling
None
Fireplace Features
Living Room
Heating
Natural Gas
Exterior
Association Amenities
Pool
Garage Spaces
2.00
Parking Features
Detached Carport, Converted Garage
Parking Spots
5.00
Stories Total
2
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address1112 19th Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90403
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Courtesy of Westside Realty Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1112 19th Street
Santa Monica, CA
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