Yale Street

Santa Monica, CA 90404

$3,600,000
Price
6
Beds
7
Baths
3,725 Sq. Ft.
$966 / Sq. Ft.
3,725
Sq. Ft.
$966
per Sq. Ft.

Description

1446 & 1448 Yale Street is a seven-unit 3,725 net rentable SF property located in Santa Monica. The unit mix consists of (1) x Studio/1 Bath unit and (6) x 2 Bed/2 Bath units. Zoned R2, the property sits on a 9,000 SF lot. Originally built in 1946, the property has been recently completely renovated. Onsite amenities include gated glass entry, lush landscaping, courtyard with a BBQ, and fully-equipped kitchens with deluxe stainless steel appliances. The property includes a one-story building and...1446 & 1448 Yale Street is a seven-unit 3,725 net rentable SF property located in Santa Monica. The unit mix consists of (1) x Studio/1 Bath unit and (6) x 2 Bed/2 Bath units. Zoned R2, the property sits on a 9,000 SF lot. Originally built in 1946, the property has been recently completely renovated. Onsite amenities include gated glass entry, lush landscaping, courtyard with a BBQ, and fully-equipped kitchens with deluxe stainless steel appliances. The property includes a one-story building and a two-story building. There are five carport parking spaces, along with a multi-bike rack within the gated property. The property is located just southeast of Santa Monica Blvd. The 10 & 405 Freeways are located nearby. The Expo/Bundy Metro Station stop is located within 1.2 miles. For more information on Maximum Allowable Rents, please refer to the City of Santa Monica Housing Authority and Rent Control.
  1. Listed by Alejandro Ho • DRE #02083843 • Brokerage DRE #00848427 • Lee & Associates Investments Services Group Inc
  2. Listed by Philip Boroda • DRE #00822192 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for Yale Street

Zoning
SMR2*
Parcel Number
4267019021
Total Units
7.0
Living Area
3725
Source Living Area
Owner
Area
Santa Monica (C14)
Vacancy Rate
4
Lot Size Area
9002

Location

Listing Courtesy of Lee & Associates Investments Services Group Inc, Alejandro Ho, DRE #02083843; Coldwell Banker Realty, Philip Boroda, DRE #00822192
Add your commute
LISTING UPDATED: 05/31/2024 04:20 PM

Property Details for Yale Street

StatusActive
MLS #24-395013
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.21 AC / 9,002 SF
CountyLos Angeles County

Location

Listing Courtesy of Lee & Associates Investments Services Group Inc, Alejandro Ho, DRE #02083843; Coldwell Banker Realty, Philip Boroda, DRE #00822192
Add your commute

Building Information for Yale Street

Stories-Residences-Year Built1946Building Size-Lot Size0.21 AC / 9,002 SF

Payment Calculator

$19,647 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Yale Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Mixed
Contract Info
Contract Info
  • Disclosures: As Is, Lender Owned/REO
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $295,980
  • Net Operating Income: $224,273.00
  • Gross Income: $13,200
  • Gross Rent Multiplier: $11.64
  • Other Income1: $4,200.00
  • Garage Income: $9,000
  • Total Annual Expense: 70108
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2067
  • Lot Size Square Feet: 9002
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 0
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating Type: Other
  • Equipment: Barbeque
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,595.00
  • Unit Actual Rent: $3,595.00
  • Unit Projected Rent: $6,108.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,095.00
  • Unit Actual Rent: $3,095.00
  • Unit Projected Rent: $4,108.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $836,638.00
  • Assessed Improvement Percent: 30.61
  • Assessed Land Value: $1,896,379.00
  • Assessed Land Percent: 69.39
  • Assessed Total Value: $2,733,017.00

Property History for Yale Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near Yale 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
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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Yale Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on May 15, 2024 by Lee & Associates Investments Services Group Inc, it's currently listed at $3,600,000. 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. Yale Street is a 6-bed, 7-bath, 3,725 sqft multi-family home built in 1946.

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 Lee & Associates Investments Services Group Inc, Alejandro Ho, DRE #02083843; Coldwell Banker Realty, Philip Boroda, DRE #00822192

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.