Property listed by Equity Union, Raymond Rodriguez 818-581-5829
$3,495,000
1125 19th Street presents a multifamily investment opportunity in Santa Monica's Wilshire-Montana neighborhood, featuring four original residences plus a newly constructed ADU, for a total of five residences. Situated on an approximately 7,182-square-foot lot, the property consists of three distinct structures with updated interiors, private outdoor spaces, and a four-unit-plus-ADU… Read More configuration that may provide qualified buyers with both residential and commercial financing options, subject to lender underwriting and program requirements.
The property includes a two-bedroom, two-bath front residence with a private lawn and porch, offering flexibility for owner-users and investors. A second home sits farther into the landscaped grounds, while the rear structure includes two upper one-bedroom residences, two garages, and a newly constructed one-bedroom ADU with a private yard. This arrangement provides separation and privacy between residences.
Ownership reports approximately $700,000 in improvements over the past three years, including approximately $175,000 invested in the new ADU. The four original residences have undergone substantial interior renovations, including new kitchens, bathrooms, flooring, lighting, and in-unit laundry. Additional improvements include a new five-meter electrical service, extensive rewiring and panel upgrades, copper plumbing, individual water heaters, updated heating and air conditioning, roof improvements, exterior finishes, and landscaping. The two garages offer potential ancillary parking or storage income, subject to leasing and buyer verification.
Located just north of Wilshire Boulevard, the property is near Montana Avenue's shopping and dining destinations, Whole Foods Market, Trader Joe's, Providence Saint John's Health Center, and Douglas Park. Santa Monica State Beach, Palisades Park, and Downtown Santa Monica are also nearby.
With four original residences plus a new ADU, extensive capital improvements, potential financing flexibility, and an established coastal location, 1125 19th Street offers a boutique multifamily opportunity in Santa Monica. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Square Ft.
3,363
Lot Size
0.16 Acres
Year Built
1954
MLS Number
SR26241904
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1954, 3 buildings, 2 stories, Levels: One, Two, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Operating: $63,683
Garage
2 spaces
Income
Gross Income: $268,422, Gross ScheduledIncome: $268,422, Net Operating Income: $204,740
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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