915 Marine Street

Santa Monica, CA 90405

$2,350,000
Last Sold Price
7
Beds
8
Baths
3,584 Sq. Ft.
$656 / Sq. Ft.
3,584
Sq. Ft.
$656
per Sq. Ft.

Description

Major price reduction! Priced to sell. Situated on a serene, tree-lined street just east of Lincoln Blvd, this meticulously maintained 4plex boasts an enviable location. With an impressive Walk Score of 86 and a Bike Score of 96, residents enjoy easy access to a plethora of dining spots, bars, grocery stores, and cafes, making it an ideal locale for pedestrians and cyclists alike. A mere stone's throw away lies a convenient Whole Foods market, while the renowned Abbot Kinney is within close reach....Major price reduction! Priced to sell. Situated on a serene, tree-lined street just east of Lincoln Blvd, this meticulously maintained 4plex boasts an enviable location. With an impressive Walk Score of 86 and a Bike Score of 96, residents enjoy easy access to a plethora of dining spots, bars, grocery stores, and cafes, making it an ideal locale for pedestrians and cyclists alike. A mere stone's throw away lies a convenient Whole Foods market, while the renowned Abbot Kinney is within close reach. Adding to its allure, the property features 8 tandem parking spots at the rear, accessible via the alley. Each unit is equipped with modern appliances and in-unit washer and dryers, enhancing the comfort and convenience for tenants. Don't miss out on this exceptional opportunity to acquire a prime asset in one of the most sought-after cities on the West Coast, where rental values have consistently appreciated.
  1. Listed by JEFFREY GRAY • DRE #01386816 • CONROY COMMERCIAL INC.

Property Details for 915 Marine Street

Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
40'x120'
Living Area
3584
LISTING UPDATED: 06/19/2024 07:27 AM

Property Details for 915 Marine Street

StatusClosed
MLS #EV24044370
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.11 AC / 4,805 SF
CountyLos Angeles County

Building Information for 915 Marine Street

Stories2Residences-Year Built1963Building Size-Lot Size0.11 AC / 4,805 SF

Property Information for 915 Marine Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $162,000
  • Gross Scheduled Income: $162,000
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $162,000
  • Net Operating Income: $107,095
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Gross Multiplier: 16.67
  • Cap Rate: 4.21
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $54,905
  • Operating Expense Percent: 34.00%
  • New Taxes Expense: $31,469
  • Fuel Expense: $855
  • Electric Expense: $52
  • Insurance Expense: $6,875
  • Maintenance Expense: $5,000
  • Trash Expense: $1,823
  • Water Sewer Expense: $1,000
  • Supplies Expense: $1,350
  • Total Expenses: $48,425
Tax / Assessment Info
  • Tax Tract Number: 6001
  • Tax Census Tract: 7022.02
  • CFD/Mello-Roos Fee: $1,124
  • Tax Lot: 18
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Biking, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Range Hood, Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Refrigerator, Washer, Washer Included
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl, Wood
Exterior Features
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts, Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,700
  • Unit Type Total Rent: $3,700
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Carpet: 0
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number Wall AC: 0

Property History for 915 Marine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 915 Marine Street

Taxable ValueLand$1,623,791Additions$875,275Total$2,499,066
Tax Record2024$29,937 ($2,495 / month)
Home Facts
Total Finished SqFt3,584 SqFtAbove Grade Finished SqFt3,584 SqFtLot Size4,805 SqFtStyleQuadraplexYear Built1963ZoningSMR2*CountyLOS ANGELESAPN4285-029-011

Schools near 915 Marine Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Will Rogers Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CONROY COMMERCIAL INC., JEFFREY GRAY, DRE #01386816

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, 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.