1220 California Ave | Santa Monica, CA 90403
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- LoopNet Team
1220 California Ave
Santa Monica, CA 90403
Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- North of Wilshire Blvd in a prime Santa Monica location
- Value-add opportunity with below market rents
- Seismic retrofitting for the parking structure has already been completed
- 15 units with an excellent unit mix
- Large 12,718 SqFt Property
- Additional income from onsite laundry and storage
PROPERTY FACTS
| No. Units | 15 | Building Size | 12,718 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | SMR2 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 12,718 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | SMR2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,115 | - |
| 1+1 | 6 | $1,766 | - |
| 2+1 | 3 | $2,595 | - |
| 2+2 | 3 | $2,354 | - |
| 3+2 | 2 | $2,610 | - |
PROPERTY TAXES
| Parcel Number | 4281-019-025 | Improvements Assessment | $1,137,827 |
| Land Assessment | $5,689,144 | Total Assessment | $6,826,971 |
PROPERTY TAXES
Parcel Number
4281-019-025
Land Assessment
$5,689,144
Improvements Assessment
$1,137,827
Total Assessment
$6,826,971
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