1419 Stanford ST, Santa Monica, CA 90404
1419 Stanford ST, Santa Monica, CA 90404
1419 Stanford ST, Santa Monica, CA 90404
1419 Stanford ST, Santa Monica, CA 90404
1419 Stanford ST, Santa Monica, CA 90404
1419 Stanford ST, Santa Monica, CA 90404
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Derek Reilly

Derek Reilly

+1(310) 902-2909
$ 2,250,000
Est. payment | /mo

11 Beds

7 Baths

4,800 SqFt

Save
$ 2,250,000
Est. payment | /mo
Save

11 Beds

7 Baths

4,800 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $468

MLS Listing ID 26857251

Bedrooms 11

HOA Y/N No

Year Built 1958

Lot Size 7,823 Sqft

Property Description

Motivated Seller! Exceptional investment opportunity in the heart of Santa Monica! This six unit income property features two separate buildings on one lot and offers an outstanding opportunity for investors or owner occupants seeking a value add asset in one of the Westside's most desirable rental markets. The unique configuration includes a detached single family residence in the front and a separate five unit apartment building in the rear, offering exceptional flexibility and long term investment potential. The front home, which is currently leased, offers approximately 1,200 square feet with 2 bedrooms, 2 bathrooms, and a den. The rear building is a two story, five unit apartment building consisting of four 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. Most units have been tastefully updated, and most windows throughout the property have been recently replaced, providing enhanced energy efficiency, comfort, and curb appeal. The front house also features a recently installed roof. The property includes six on site parking spaces, four of which are covered, along with a community laundry room. One 2 bedroom, 1 bathroom unit and one 1 bedroom, 1 bathroom unit are currently vacant, presenting an immediate opportunity to lease at current market rents and significantly increase cash flow. Current rental income reflects the existing occupancy, with pro forma gross rental income projected to exceed $16,000 per month. Buyer to independently verify all income, expenses, rental projections, square footage, and all other information. Ideally situated just minutes from Santa Monica's world famous beaches, Main Street, Downtown Santa Monica, Montana Avenue, premier shopping, dining, parks, and convenient transportation, this is a rare opportunity to acquire a well maintained income property with immediate upside potential in one of Southern California's strongest and most sought after rental markets.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Interior Features Ceiling Fan(s)

Heating Combination

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Carport, Driveway

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4267017008

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Desiree Danialian BEKERIS #01724615

Nearby Locations

Derek Reilly

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 902-2909

derek@westsidederek.com

4215 Highland Ave, Manhattan Beach, California 90266, USA

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1419 Stanford ST