1615 Centinela Avenue

Santa Monica, CA 90404

$2,250,000
Last Sold Price
7
Beds
6
Baths
4,323 Sq. Ft.
$520 / Sq. Ft.
4,323
Sq. Ft.
$520
per Sq. Ft.

Description

Fantastic opportunity to acquire this very well maintained five-unit building, located in an excellent Santa Monica location. Totaling 4,323 SF on a 6,718 SF lot, there is a great mix of units, consisting of 2 separate structures. A front building with (3) 1bed/1 bath and a rear building with (1) 2bed/1bath and (1) 2bed+den/1bath. Some units have hardwood floors, newer appliances and have been updated. There is on-site laundry, copper plumbing, and updated electrical in many units. Further features...Fantastic opportunity to acquire this very well maintained five-unit building, located in an excellent Santa Monica location. Totaling 4,323 SF on a 6,718 SF lot, there is a great mix of units, consisting of 2 separate structures. A front building with (3) 1bed/1 bath and a rear building with (1) 2bed/1bath and (1) 2bed+den/1bath. Some units have hardwood floors, newer appliances and have been updated. There is on-site laundry, copper plumbing, and updated electrical in many units. Further features include 4 garages and 3 off street parking spaces. The building is an overall quality asset, in an excellent location, with a high-demand rental market.

Listing Agent

  1. Michael Irvine

    Michael Irvine

    Listing Agent

    Compass

    DRE #01839544

Property Details for 1615 Centinela Avenue

Water Front
None
Zoning
SMR2*
Style
Low Rise
Accessibility Features
None
Parcel Number
4268006008
Total Units
5.0
Living Area
4323
Source Living Area
Assessor

Location

Listing Courtesy of Compass, Michael Irvine, DRE #01839544

Sold By Eve Capital, Laura Alice Scaturro, DRE #01942167

Add your commute
LISTING UPDATED: 11/05/2021 08:36 AM

Property Details for 1615 Centinela Avenue

StatusSold
MLS #21-743688
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.15 AC / 6,718 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Michael Irvine, DRE #01839544

Sold By Eve Capital, Laura Alice Scaturro, DRE #01942167

Add your commute

Building Information for 1615 Centinela Avenue

Stories2Residences-Year Built1920Building Size-Lot Size0.15 AC / 6,718 SF

Payment Calculator

$14,598 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$2,319

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1615 Centinela Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Tree Top
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
  • Direction Faces: East
  • Property Condition: Additions/Alter
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Multi-Tank
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Listing Broker Advantage
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $127,632
  • Net Operating Income: $82,376.00
  • Gross Income: $127,632
  • Cap Rate: 3.60%
  • Gross Rent Multiplier: $17.99
  • Actual Gross Annual Income: $127,632
  • Owner Pays: Water, Gas
  • Total Annual Expense: 45256
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: No
  • Lot Acreage: 0.1542
  • Lot Size Square Feet: 6718
  • Lot Description: Single Lot
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Parking Space, Private
  • Total Parking: 7
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 4
  • Parking Features: Parking Space, Private
Interior Features
Interior Features
  • Room Type: Family Room, Living Room
  • Rooms: Family Room, Den/Office, Dining Area, Living Room
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: Yes
  • Family Room: 1
  • Dining Room: 0
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed, Hardwood, Laminate
  • Equipment: Built-Ins, Freezer, Refrigerator, Range/Oven, Dryer, Washer, Cable, Dishwasher
  • Interior Features: Built-Ins
  • Kitchen Features: Counter Top, Open to Family Room, Remodeled
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Built-In And Free Standing, Range, Range Hood, Oven
  • Laundry: Community
  • Disability Access: None
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Shingle
  • Patio Features: None
  • Entry Location: Other
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Combination
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-04-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,498.00
  • Unit Actual Rent: $1,498.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $1,959.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,616.00
  • Unit Actual Rent: $1,616.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,792.00
  • Unit Actual Rent: $2,792.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $456,985.00
  • Assessed Improvement Percent: 30.05
  • Assessed Land Value: $1,063,513.00
  • Assessed Land Percent: 69.95
  • Assessed Total Value: $1,520,498.00
  • Private Transfer Taxes: No

Property History for 1615 Centinela Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1615 Centinela Avenue

Taxable ValueLand$1,683,000Additions$612,000Total$2,295,000
Tax Record2023$27,830 ($2,319 / month)
Home Facts
Total Finished SqFt4,323 SqFtAbove Grade Finished SqFt4,323 SqFtLot Size6,727 SqFtStyleQuadraplexYear Built1920ZoningSMR2*CountyLOS ANGELESAPN4268-006-008

Schools near 1615 Centinela Avenue

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
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.

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

Listing Courtesy of Compass, Michael Irvine, DRE #01839544

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.