1417 17th Street

1417 17th Street

Santa Monica, CA 90404

$2,995,000
Price
10
Beds
9
Baths
4,722 Sq. Ft.
$634 / Sq. Ft.
4,722
Sq. Ft.
$634
per Sq. Ft.
a front view of a house with a yard
a front view of a building with a entryway
a view of a white house with a large tree
a aerial view of a house with a yard and balcony
a view of a city that has tall buildings
a kitchen with stainless steel appliances granite countertop a sink a stove and a wooden floors
a kitchen with a stove and a refrigerator
a kitchen with stainless steel appliances granite countertop a sink a stove and a refrigerator
a view of kitchen with wooden floor
a view of a kitchen with kitchen island a sink stainless steel appliances and cabinets
a view of an empty room with wooden floor and closet area
a bathroom with a sink a toilet and shower
a bathroom with a sink toilet and shower
a bathroom with a sink a toilet and shower
a view of an empty room with a window
a bathroom with a sink a toilet and bathtub
an empty room with wooden floor and windows
a view of a hallway with wooden floor
a view of outdoor space with seating
a view of an empty room with kitchen
a front view of a house with a garden
a kitchen with a sink and a refrigerator
a front view of a house with entryway

Description

Rare opportunity for an investor or owner/user to acquire a 2018/2019 construction modern-luxury 5 bed/4 bath home and 5 additional (1+1) multifamily units situated on a 7,493 SF lot in prime Santa Monica. The home features beautiful finishes throughout, including an expansive chef's kitchen equipped with Viking appliances, a large center island, Carrera countertops, and custom cabinetry. Additional features include hardwood flooring, a stackable washer and dryer, and central A/C and heat with separate...Rare opportunity for an investor or owner/user to acquire a 2018/2019 construction modern-luxury 5 bed/4 bath home and 5 additional (1+1) multifamily units situated on a 7,493 SF lot in prime Santa Monica. The home features beautiful finishes throughout, including an expansive chef's kitchen equipped with Viking appliances, a large center island, Carrera countertops, and custom cabinetry. Additional features include hardwood flooring, a stackable washer and dryer, and central A/C and heat with separate controls for the first and second floor. The bathrooms feature custom cabinetry, Carrera marble, modern fixtures, and mosaic tile finishes. The property is equipped with a camera system, intercom and app-controlled garage door access. The home is currently occupied by a tenant. Also, the oversized lot features (5) 1+1 income producing rental units with significant rental upside. 1 of the 5 units has been renovated with high-end finishes and the building features new exterior paint, a new roof and new landscaping. Investors have the opportunity to implement additional renovations and eventually capture market rents.
  1. Listed by Janet Neman • DRE #01069127 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1417 17th Street

Zoning
SMR2*
Parcel Number
4275011022
Total Units
6.0
Living Area
4722
Source Living Area
Estimated
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
7493

Location

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127
Add your commute
LISTING UPDATED: 04/09/2024 10:29 AM

Property Details for 1417 17th Street

StatusActive
MLS #24-370481
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.17 AC / 7,493 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127
Add your commute

Building Information for 1417 17th Street

Stories2Residences-Year Built1940Building Size-Lot Size0.17 AC / 7,493 SF

Payment Calculator

$19,181 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,345

Property Taxes

$2,836

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1417 17th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $210,615
  • Net Operating Income: $147,271.00
  • Gross Income: $217,129
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: $13.79
  • Total Annual Expense: 63344
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7493
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car
  • Total Parking: 9
  • Parking Features: Assigned, Garage - Single Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,817.00
  • Unit Actual Rent: $9,089.00
  • Unit Projected Rent: $12,750.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $9,000.00
  • Unit Actual Rent: $9,000.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $306,000.00
  • Assessed Land Value: $1,734,000.00

Property History for 1417 17th 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 1417 17th Street

Taxable ValueLand$2,231,037Additions$559,480Total$2,790,517
Tax Record2023$34,028 ($2,836 / month)
Home Facts
Total Finished SqFt4,733 SqFtAbove Grade Finished SqFt4,733 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningSMR2*CountyLOS ANGELESAPN4275-011-022

Schools near 1417 17th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
McKinley Elementary School
Public - K to 5
Lincoln Middle School
Public - 6 to 8
Santa Monica High School
Public - 9 to 12
Olympic High (Continuation) School
Public - 9 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Lincoln 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.

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More information about 1417 17th Street, Santa Monica, CA 90404

1417 17th Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on March 19, 2024 by Kidder Mathews of California, Inc., it's currently listed at $2,995,000. It has been on the market for a total of 43 days and was last sold on January 3, 2017. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1417 17th Street is a 10-bed, 9-bath, 4,722 sqft multi-family home built in 1940.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127

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.