2224 Oak Street

    Santa Monica, CA 90405
    • $1,875,000
    • STATUS: Active Under Contract
    • ON SITE: 198 days
    • ID#: 18343316
    Under Contract
    UPDATED: 57 min ago
    $1,875,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,892
      SQFT
    • $648
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    The Oak Street Bungalows offers investors an opportunity to own a well-located property in Santa Monica on a OVER SIZED CORNER LOT with almost 44% upside potential in rents. The property is located on a large corner lot of ~8,273 SF and features unique bungalow style units. Units have hardwood or tiled floors, individual washer/dryers, private patios & garages. Priced at only $375,000/unit. This property has the ability to obtain RESIDENTIAL FINANCING. Call Broker for further details.

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    Based on information from CARETS as of 2018-12-15T15:45:47.343. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/84083315

    2224 Oak Street Santa Monica, CA 90405

    • Price: $1,875,000
    • Status: Active Under Contract
    • Updated: 57 min ago
    • ID#: 18343316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,892
    SQFT
    $648
    $/SQFT
    1937
    Built
    Neighborhood:
    Santa Monica (C14)
    County:
    Los Angeles
    Area:
    Santa Monica (C14)
    Property Description
    The Oak Street Bungalows offers investors an opportunity to own a well-located property in Santa Monica on a OVER SIZED CORNER LOT with almost 44% upside potential in rents. The property is located on a large corner lot of ~8,273 SF and features unique bungalow style units. Units have hardwood or tiled floors, individual washer/dryers, private patios & garages. Priced at only $375,000/unit. This property has the ability to obtain RESIDENTIAL FINANCING. Call Broker for further details.
    Exterior Features

    Building Structure Style Bungalow Exterior Construction Stucco Garage Spaces Total 2.0 Lot Location Corner Lot Parking Spaces Total 4 Parking Type CarportGarage Roofing Composition Shingle

    Interior Features

    Appliances DryerWasher Cooling Type None Floor Material Hardwood Heating Type Other Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 0

    Property Features

    Adjusted Gross Income 101436.00 Cap Rate 3.40 Country United States Of America Expense Electric 750.00 Expense Gardener 500.00 Expense Gas 500.00 Expense Insurance 1500.00 Expense Licenses 1000.00 Expense Maintenance 2500.00 Expense Management 3940.00 Expense Pest 600.00 Expense Tax 23111.00 Expense Total Annual 35438.00 Expense Trash 700.00 Expense Water 750.00 Garage Rental Rate 500 Gross Operating Income 98393.00 Gross Rent Multiplier 18.50 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 62955.00 Number Of Buildings 4 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1569.00 Unit Monthly Rent02 1658.00 Unit Monthly Rent03 1576.00 Unit Monthly Rent04 1650.00 Unit Monthly Rent05 1500.00 Unit Projected Total Monthly Rent01 2395.00 Unit Projected Total Monthly Rent02 2395.00 Unit Projected Total Monthly Rent03 2395.00 Unit Projected Total Monthly Rent04 2500.00 Unit Projected Total Monthly Rent05 1750.00 Unit Total Monthly Rent01 1569.00 Unit Total Monthly Rent02 1658.00 Unit Total Monthly Rent03 1576.00 Unit Total Monthly Rent04 1650.00 Unit Total Monthly Rent05 1500.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Unit Type05 5 Units Total In Complex 5 Zoning Smr2*

    Listing provided courtesy of Kimberly Roberts Stepp DRE#01251767 of Kwsm.


    Based on information from CARETS as of 2018-12-15T15:45:47.343. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381