1945 17th Street

Santa Monica, CA 90404

$2,500,000
Last Sold Price
12
Beds
6
Baths
4,212 Sq. Ft.
$594 / Sq. Ft.
4,212
Sq. Ft.
$594
per Sq. Ft.

Description

This is an amazing investment opportunity for someone in the market for a multi-unit building. This property was constructed in 1957 the beautiful city of Santa Monica. It is a two-story apartment building consisting of, six (6), 2-bedroom and 1-bathroom units located in highly desirable area of Santa Monica. This property is just moments away from the well-known, Santa Monica College, attractions of the Santa Monica Pier, local restaurants and businesses. This building is located in an area with...This is an amazing investment opportunity for someone in the market for a multi-unit building. This property was constructed in 1957 the beautiful city of Santa Monica. It is a two-story apartment building consisting of, six (6), 2-bedroom and 1-bathroom units located in highly desirable area of Santa Monica. This property is just moments away from the well-known, Santa Monica College, attractions of the Santa Monica Pier, local restaurants and businesses. This building is located in an area with high rental demands. All units are currently occupied with one unit becoming available for a new tenant by September. Please contact the listing agent for more information.
  1. Listed by Yar Meshkaty • DRE #01060780 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1945 17th Street

Zoning
SMR2*
Parcel Number
4274015002
Total Units
6.0
Living Area
4212
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
3%
Lot Size Area
7749

Location

Listing Courtesy of Coldwell Banker Realty, Yar Meshkaty, DRE #01060780

Sold By Jason Vogel, Broker, Jason Vogel, DRE #01815890

Add your commute
LISTING UPDATED: 03/07/2022 12:53 PM

Property Details for 1945 17th Street

StatusSold
MLS #21-779520
Days on Market143
Taxes$23,544 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.18 AC / 7,749 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Yar Meshkaty, DRE #01060780

Sold By Jason Vogel, Broker, Jason Vogel, DRE #01815890

Add your commute

Building Information for 1945 17th Street

Stories2Residences-Year Built1957Building Size-Lot Size0.18 AC / 7,749 SF

Payment Calculator

$15,606 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$1,962

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1945 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: 1
  • Type Of Units: 6 (2+1)
  • Water: Public
  • Sewer: In Connected and Paid
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: $127,685
  • Net Operating Income: $94,557.00
  • Gross Income: $131,634
  • Gross Rent Multiplier: $20.50
  • Actual Annual Gross Rent: $131,634.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 33128
  • Water Expense: $4,450.00
  • Gas Expense: $504
  • Electric Expense: $540.00
  • Tax Expense: $23,544
  • Gardener Expense: $990
  • Insurance Expense: $3,100
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1779
  • Lot Size Square Feet: 7749
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 9
  • Open Other Spaces Total: 9
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan
  • Heating: Natural Gas, Wall Furnace
  • Heating Type: Natural Gas, Wall
  • Flooring: Laminate, Carpet
  • Equipment: Built-Ins, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Oven-Gas
  • Laundry: Community
  • Laundry Equipment: Own
  • Volt220 Location: In Laundry
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-03-2021
  • Listing Terms: Exchange Up
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas, Hot Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $905.00
  • Unit Actual Rent: $905.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $5,300.00
  • Unit Projected Rent: $5,300.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,032.00
  • Unit Actual Rent: $2,064.00
  • Unit Projected Rent: $5,300.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $23,544
  • Assessed Improvement Value: $579,100.00
  • Assessed Improvement Percent: 30.84
  • Assessed Land Value: $1,298,917.00
  • Assessed Land Percent: 69.16
  • Assessed Total Value: $1,878,017.00

Property History for 1945 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 1945 17th Street

Taxable ValueLand$1,785,000Additions$765,000Total$2,550,000
Tax Record2023$31,259 ($2,605 / month)
Home Facts
Total Finished SqFt4,212 SqFtAbove Grade Finished SqFt4,212 SqFtLot Size7,749 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningSMR2*CountyLOS ANGELESAPN4274-015-002

Schools near 1945 17th 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 - K to 5
Rating
School
Distance
Will Rogers Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Juan Cabrillo Elementary School
PublicK to 5

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Coldwell Banker Realty, Yar Meshkaty, DRE #01060780

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.