1312 19th St
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1312 19th St
6 Unit Apartment Building $3,950,000 ($658,333/Unit) 5.06% Cap Rate Santa Monica, CA 90404
Investment Highlights
- Half the units will be delivered vacant
- Prime Santa Monica Location. Just Over 1 Mile to the Beach!
- Potential ADU’s
- Enormous Split-Level Townhouse Is Perfect for Owner Occupancy
- Rare Mix of Large Units with Significant Rental Upside
Executive Summary
Kidder Mathews is proud to present 1312 19th Street, a multifamily investment opportunity that features six spacious units in the heart of Santa Monica.
The property includes an over 2,000 SF 4 BD / 2.5 BA townhouse boasting a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry, and a finished basement that may be a part of a potential ADU conversion that may provide additional income. The townhouse is one of three units that will be delivered vacant. It also offers two 3BD/2BA units that are roughly 1,500 SF each and three 2BD/2BA units approximately 1,200 SF each. Onsite laundry facilities and six carport spaces further enhance revenue potential.
The property includes an over 2,000 SF 4 BD / 2.5 BA townhouse boasting a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry, and a finished basement that may be a part of a potential ADU conversion that may provide additional income. The townhouse is one of three units that will be delivered vacant. It also offers two 3BD/2BA units that are roughly 1,500 SF each and three 2BD/2BA units approximately 1,200 SF each. Onsite laundry facilities and six carport spaces further enhance revenue potential.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,950,000 | Apartment Style | Low Rise |
| Price Per Unit | $658,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.06% | Building Size | 8,903 SF |
| Gross Rent Multiplier | 14.34 | Average Occupancy | 50% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Price | $3,950,000 |
| Price Per Unit | $658,333 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 14.34 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,903 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 0.79/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 1 | $7,000 | - |
| 3+2 | 2 | $2,690 | - |
| 2+2 | 3 | $3,850 | - |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 4276-029-003 | Total Assessment | $3,244,925 |
| Land Assessment | $2,043,102 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,201,823 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4276-029-003
Land Assessment
$2,043,102
Improvements Assessment
$1,201,823
Total Assessment
$3,244,925
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | SMR2* (Two Family Dwellings) |
| SMR2* (Two Family Dwellings) |
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1312 19th St
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