1937 17th St, Santa Monica, CA 90404
1937 17th St, Santa Monica, CA 90404
1937 17th St, Santa Monica, CA 90404
35
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$2,250,000
Est. payment /mo
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13 Beds
7 Baths
4,840 SqFt
Active

1937 17th St Santa Monica, CA 90404

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,840 sqft

Price per Sqft $464

MLS Listing ID 26862705

Style Mid-Century

Bedrooms 13

Construction Status Updated/Remodeled

Year Built 1948

Lot Size 7,748 Sqft

Acres 0.1779

Property Sub-Type Multi-Family

Property Description

The subject property is a six-unit residential income asset located at 1937 17th Street in central Santa Monica. Built in 1948 and zoned SMR2, the asset consists of (1) 3-Bedroom / 1.5-Bath unit and (5) 2-Bedroom / 1-Bath units, including a detached 2 Bedroom / 1-Bath home located towards the rear of the property, totaling 4,840 rentable square feet on a 7,746 SF lot. The property will be delivered with three vacant units at the close of escrow. Currently two units are vacant with a third unit becoming vacant at the end of August. Recent upgrades include a new roof and updated electrical systems. Tenant parking is on-site with 8 uncovered individual spaces and a 2 car garage located at the front of the property. The property delivers strong in-place cash flow at a 5.00% cap rate, with meaningful embedded upside as rents are brought to market. Potential ADU can be built as a garage conversion, buyer to verify. Positioned in Prime Santa Monica, the property sits within one block of Santa Monica College, and a short commute to Whole Foods, the Pico corridor retail, and the Bergamot Expo Line station, giving tenants a direct rail link to Downtown Santa Monica, Century City, and Downtown Los Angeles. The Santa Monica beach and pier are minutes to the west. Santa Monica remains a supply-constrained, high-demand rental market with deep renter demand from the Silicon Beach tech corridor and the long-term durability that defines Westside multifamily.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven, Garbage Disposal, Dishwasher

Laundry None

Exterior

Parking Features Garage - 2 Car, Driveway, Assigned, Uncovered

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition, Shingle

Building

Lot Description Single Lot, Lot-Level/Flat, Lot Shape-Rectangular

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Hard Coat

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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David Jones
David Jones

Agent | RE. S.0072438

+1(702) 883-8801 | davidsellslasvegas@gmail.com

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1937 17th St