West Los Angeles and Coastal Real Estate
Josephine Chiu

West Los Angeles and Coastal Real Estate
Buy and Sell with your local expert -- Josephine Chiu

1415 Centinela Avenue, Santa Monica, CA 90404 (MLS # 20658892)

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PRICE $2,600,000
BEDS n/a
BATHS 0 baths
LOT SIZE 7,564 sqft

BRC Advisors -BH is proud to present for sale this value-add five-unit apartment property located at 1415 South Centinela Avenue, in Santa Monica, California. The property consists of three separate structures on one lot, consisting of an attractive unit mix with four (4) three-bedroom/two-bathroom units and a one-bedroom/one-bathroom unit. Situated on a 7,564 square foot lot, the property is located just south of Santa Monica Blvd. Three of the units have washer/dryers (see rent roll) and three units are currently vacant, allowing a buyer to immediately implement a renovation plan of those units and exterior areas to obtain maximum rents. Additionally, there are approximately seven onsite parking spaces and the units have separate water heaters, some of which are tankless. Upon renovating and renting the three vacant 3-bedroom units at the projected market rent of $3,795, a buyer will achieve a projected cap rate of 5% and a gross rent multiplier of only 13.6!!!

DAYS ON MARKET Login to view Days on Market LAST UPDATED Login to view Last Updated
YEAR BUILT 1923 COMMUNITY Login to view Community
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) ResidentialIncome

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94 Walker's Paradise

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Listing provided by : Ardy Ishal License # 01769601, BRC Advisors- BH

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Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/20 7:07 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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