1939 17TH Street

    Santa Monica, CA 90404
    • $2,825,000
    • STATUS: Active
    • ON SITE: 220 days
    • ID#: 18356246
    UPDATED: 197 min ago
    $2,825,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,356
      SQFT
    • $527
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    NO RENT CONTROL! NO RENT CONTROL! Building is exempt from Rent Control! Not your mother's 17th St. Since the Expo line opened, the number of people walking and biking has increased 1600% on 17th St. and 82% on Michigan Ave. between 14th and 19th Streets. This area is part of a Safe Street master plan for the 17th Street Corridor from Wilshire to Pico and the Michigan Avenue Neighborhood Greenway (MANGo). MANGo is to be a safe, calm and attractive corridor running from Bergamot Station to the Beach. Contact city or listing broker for more details. Not on Soft Story Retrofit. Half block to the College. 3 1/2 blocks to 17th/Colorado Metro Expo Station. 3 units will be delivered to owner at close of escrow and can be viewed now.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/85678680

    1939 17TH Street Santa Monica, CA 90404

    • Price: $2,825,000
    • Status: Active
    • Updated: 197 min ago
    • ID#: 18356246
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,356
    SQFT
    $527
    $/SQFT
    1925
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    NO RENT CONTROL! NO RENT CONTROL! Building is exempt from Rent Control! Not your mother's 17th St. Since the Expo line opened, the number of people walking and biking has increased 1600% on 17th St. and 82% on Michigan Ave. between 14th and 19th Streets. This area is part of a Safe Street master plan for the 17th Street Corridor from Wilshire to Pico and the Michigan Avenue Neighborhood Greenway (MANGo). MANGo is to be a safe, calm and attractive corridor running from Bergamot Station to the Beach. Contact city or listing broker for more details. Not on Soft Story Retrofit. Half block to the College. 3 1/2 blocks to 17th/Colorado Metro Expo Station. 3 units will be delivered to owner at close of escrow and can be viewed now.
    Exterior Features

    Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.90 Electric Expense 500.00 Fuel Expense 129.00 Gross Multiplier 14.96 Gross Operating Income 188871.00 Improvements Amount 577201 Insurance Expense 2000.00 Land Value 808082 Laundry YN Yes Maintenance Expense 7915.00 Net Operating Income 128702.00 Other Expense 1500.00 Special Listing Conditions Standard Total Expenses 60169.00 Trash Expense 1500.00 Water Sewer Expense 3600.00 Zoning Smr2*

    Listing provided courtesy of Wes Wellman of Wellman Realty Co.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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