848 19th Street

Santa Monica, CA 90403

$3,750,000
Last Sold Price
18
Beds
12
Baths
8,322 Sq. Ft.
$451 / Sq. Ft.
8,322
Sq. Ft.
$451
per Sq. Ft.

Description

We are proud to introduce 848 19th Street, a 6-unit apartment value-add building located in one of the most desirable Santa Monica Locations: the Wilshire-Montana corridor. The property is ideally located north of Wilshire Blvd, just steps away from Montana Ave, has a walk score of 80, is less than 1.5 miles from the beach, and is in close proximity to Whole Foods, Starbucks, and many other popular shops, restaurants and conveniences. This 1960 vintage property boasts an excellent unit mix with all...We are proud to introduce 848 19th Street, a 6-unit apartment value-add building located in one of the most desirable Santa Monica Locations: the Wilshire-Montana corridor. The property is ideally located north of Wilshire Blvd, just steps away from Montana Ave, has a walk score of 80, is less than 1.5 miles from the beach, and is in close proximity to Whole Foods, Starbucks, and many other popular shops, restaurants and conveniences. This 1960 vintage property boasts an excellent unit mix with all 6 of the units being very large, approx. 1,400 sq. ft., 3-bed/2-bath units. Furthermore, these one of a kind units, with very large windows throughout, making these units naturally bright and welcoming, come with a private balcony/patio for each unit.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 848 19th Street

Zoning
SMR2*
Parcel Number
4277008060
Total Units
6.0
Living Area
8322
Source Living Area
Other
Area
Santa Monica (C14)
Vacancy Rate
3%
Lot Size Area
7993

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Kamkar Real Estate, Parviz Kamkar, DRE #01045664

Add your commute
LISTING UPDATED: 09/03/2020 02:18 PM

Property Details for 848 19th Street

StatusSold
MLS #20-556998
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.18 AC / 7,993 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Kamkar Real Estate, Parviz Kamkar, DRE #01045664

Add your commute

Building Information for 848 19th Street

Stories2Residences-Year Built1960Building Size-Lot Size0.18 AC / 7,993 SF

Payment Calculator

$24,390 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$3,925

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 848 19th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $190,870
  • Net Operating Income: $120,814.00
  • Gross Income: $196,184
  • Cap Rate: 3.06%
  • Gross Rent Multiplier: $19.56
  • Total Annual Expense: 75370
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7993
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 12
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-21-2020
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,715.00
  • Unit Actual Rent: $2,715.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,456.00
  • Unit Actual Rent: $1,456.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,207.00
  • Unit Actual Rent: $2,207.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,453.00
  • Unit Actual Rent: $2,453.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,576.00
  • Unit Actual Rent: $2,576.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $535,560.00
  • Assessed Land Value: $89,248.00

Property History for 848 19th 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 848 19th Street

Taxable ValueLand$2,080,800Additions$1,820,700Total$3,901,500
Tax Record2023$47,105 ($3,925 / month)
Home Facts
Total Finished SqFt8,322 SqFtAbove Grade Finished SqFt8,322 SqFtLot Size7,993 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningSMR2*CountyLOS ANGELESAPN4277-008-060

Schools near 848 19th 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
Franklin 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 Marcus & Millichap, Filip Niculete, DRE #01905352

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.