Pending
1112 19th St
Santa Monica CA, 90403
$2,500,000
$411.18 per sqft
Pending
10 Beds
8 Baths
6,080 sqft
Multi-family
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.
24-465611
MLSⓇ ID
November 22, 2024
Listed
November 26, 2024
Updated
Map
1112 19th St
Santa Monica CA, 90403
Interior Features
Total Stories
2
Bedrooms
10
Total Bathrooms
8
Appliances
Dryer, Washer
Laundry Description
Community, Room
Floor Description
Mixed
Fireplace
Yes
Fireplace Description
Living Room
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.18 Acres
Architectual Style
Spanish
School Information
School District
Santa Monica-Malibu Unified School District
Other Property Details
Area Name
Santa Monica
Days on Market
5
Association Amenities
Pool
Garage
Yes
Garage Spaces
2
Parking
Carport Detached, Converted Garage
Parking Total
5
View
No
County
Los Angeles
Pool
No
Zoning
SMR2*
Listing History
Date | Event | Price |
---|---|---|
11/26/2024 | Pending | — |
Listed by Steven Foonberg with Westside Realty Group
Listing Contact: 310-293-4560
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gary Glass | CA DRE# 00933169 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/26/2024