734 Hill Street

Santa Monica, CA 90405

$1,585,000
Last Sold Price
5
Beds
4
Baths
2,470 Sq. Ft.
$642 / Sq. Ft.
2,470
Sq. Ft.
$642
per Sq. Ft.

Description

Rare opportunity to own apartment building in the coveted Ocean Park location just moments from the beach. Four units total with three 1 bedrooms and one 2 bedroom unit. Five parking spaces (3 covered garages). Apt A has had recent upgrades (2019) including new wood floors throughout, re-enameled tub and new windows in the bathroom, and redone kitchen sink. Unit B's recent upgrades (2019) include wood floors done throughout, newly installed shower bathroom. EXTRA ROOM (Next to unit C, underneath...Rare opportunity to own apartment building in the coveted Ocean Park location just moments from the beach. Four units total with three 1 bedrooms and one 2 bedroom unit. Five parking spaces (3 covered garages). Apt A has had recent upgrades (2019) including new wood floors throughout, re-enameled tub and new windows in the bathroom, and redone kitchen sink. Unit B's recent upgrades (2019) include wood floors done throughout, newly installed shower bathroom. EXTRA ROOM (Next to unit C, underneath stairs leading to Unit D) that has laundry (currently not used by tenants but may have POTENTIAL (to be verified by Buyers) for MORE INCOME by converting to community laundry). The gross annual income of $75,960. This is a building that has been much loved by the owners and tenants alike. The building has earthquake insurance.

Listing Agent

  1. Lisa Pound

    Lisa Pound

    Listing Agent

    Compass

    DRE #01229477

    lisa.pound@compass.com

    P: 310.710.6149

Property Details for 734 Hill Street

Zoning
SMOP2*
Cross Streets
Ocean Park and Lincoln
Parcel Number
4287017038
Total Units
4.0
Living Area
2470
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Lisa Pound, DRE #01229477; Compass, Ilona Brown, DRE #01346479

Sold By Hilton & Hyland, Bjorn Farrugia, DRE #01864250

Add your commute
LISTING UPDATED: 08/14/2020 06:12 PM

Property Details for 734 Hill Street

StatusSold
MLS #20-575432
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.15 AC / 6,459 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Lisa Pound, DRE #01229477; Compass, Ilona Brown, DRE #01346479

Sold By Hilton & Hyland, Bjorn Farrugia, DRE #01864250

Add your commute

Building Information for 734 Hill Street

Stories1Residences-Year Built1955Building Size-Lot Size0.15 AC / 6,459 SF

Payment Calculator

$10,337 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,650

Property Taxes

$1,687

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 734 Hill Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control, Trust/Conservatorship
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $75,960
  • Net Operating Income: $49,420.00
  • Gross Income: $75,960
  • Cap Rate: 2.30%
  • Gross Rent Multiplier: $24.00
  • Actual Annual Gross Rent: $75,960.00
  • Actual Gross Annual Income: $75,960
  • Monthly GrossI Income: $75,960.00
  • Laundry Income: $0
  • Actual Rent Total: $75,960.00
  • Financial Info as Of: 05/01/2020
  • Expense Actual Annual Vacancy: $.00
  • Total Annual Expense: 26540
  • Pool Expense: $.00
  • Water Expense: $600.00
  • Gas Expense: $600
  • Electric Expense: $.00
  • Trash Expense: $600.00
  • Elevator Expense: $.00
  • Tax Expense: $21,500
  • Gardener Expense: $840
  • Insurance Expense: $3,000
Land / Lot Info
Land / Lot Info
  • Paved: Yes
  • Lot Acreage: 6458.0
  • Lot Size Square Feet: 6459
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Driveway, Driveway - Combination, Driveway - Concrete, Garage - 3 Car
  • Total Parking: 5
  • Covered Parking: 3
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 3
  • Parking Features: Covered, Driveway, Driveway - Combination, Concrete, Garage - Three Door
  • Garage Structures Total: 3.0
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
Exterior Features
Exterior Features
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-05-2020
  • Rent Control: Yes
  • Rent Control: 100
  • Garage Rental Rate: 0
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,522.00
  • Unit Actual Rent: $1,522.00
  • Unit Projected Rent: $1,522.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,208.00
  • Unit Actual Rent: $1,208.00
  • Unit Projected Rent: $1,208.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $144,658.00
  • Assessed Land Value: $174,942.00

Property History for 734 Hill 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 734 Hill Street

Taxable ValueLand$1,155,484Additions$494,450Total$1,649,934
Tax Record2023$20,243 ($1,687 / month)
Home Facts
Total Finished SqFt2,470 SqFtAbove Grade Finished SqFt2,470 SqFtLot Size6,459 SqFtStyleQuadraplexYear Built1955ZoningSMOP2*CountyLOS ANGELESAPN4287-017-038

Schools near 734 Hill 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
John Muir 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

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 Compass, Lisa Pound, DRE #01229477; Compass, Ilona Brown, DRE #01346479

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.