Welcome or Register
Back to Carla Winnie Recent Sales
Sold

1028 Hill Street
Santa Monica, CA 90405

7 beds | Residential Income
3,404 sq ft - MLS# 18357106
Property Photo
1/17

Sold

Sold on Sep 11, 2018

Description

Extremely desirable fourplex on a quiet street, ten blocks from Santa Monica beach. Three of the units have tranquil private yards. All units have a laundry inside. Front unit is a charming 2 bedroom, 1 bath house with hardwood floors that is currently vacant with a projected of $4500 per month. There are two one-bedroom units opening to fenced yard with fruit trees. One large three bedroom, two bath upper unit above garages. There are eight assigned parking spaces. Property is under Santa Monica Rent Control. Ideal owner-user property or great investment opportunity with substantial rent increase potential. Two large duplexes on a large lot. CAP rate, GRM and NOI are projected, not actual.

Features

  • # of Parking Spaces: 8
  • Adjusted Gross Income: 145908.00
  • Agent License Number: 00703299
  • Appliances: Dryer, Garbage Disposal, Refrigerator, Washer
  • Bedrooms: 7
  • City Code: 10000054288
  • Co-Agent License Number: 01143383
  • Cooking Appliances: Range
  • County/Area: Los Angeles County
  • Expense Gardener: 1680.00
  • Expense Insurance: 3759.00
  • Expense Licenses: 165.00
  • Expense Maintenance: 3281.00
  • Expense Operating: 792.00
  • Expense Pest: 648.00
  • Expense Tax: 29375.00
  • Expense Total Annual: 42418.00
  • Expense Water: 3356.00
  • Garage Income: 1200.00
  • Gross Operating Income: 147108.00
  • Gross Rent Multiplier: 15.62
  • Gross Scheduled Income: 133036.00
  • h: 2.0
  • Listing Status: Closed
  • Lot Size Source: Vendor Enhanced
  • Lot Size SQ FT: 8294
  • Monthly Gross Income: $11,086
  • Net Operating Income: 104690.00
  • Number Of Buildings: 2
  • Parking Spaces: 8
  • Parking Type: Assigned, Carport Attached, Garage - Single Door, Garage - Two Door
  • Property Type: Residential Income
  • Selling Agent: Michael Dobbs
  • Selling Office: Keller Williams Realty Santa
  • Sold Date: 2018-09-11 00:00:00
  • Sold Price Per Sqft: 661.57
  • Sq.Ft.: 3404
  • Square Footage Source: Public Records
  • Status: Closed
  • Stories: 2
  • Sub Type: Fourplex
  • Subdivision: Santa Monica (C14)
  • Subdivision/Neighborhood: Santa Monica (C14)
  • Total Baths: 5.0
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Unfurnished
  • Unit Furnished05: Partially
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 4500.00
  • Unit Monthly Rent02: 1703.00
  • Unit Monthly Rent03: 2381.00
  • Unit Monthly Rent04: 3575.00
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bath03: 1.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 1
  • Unit Number Of Bed03: 1
  • Unit Number Of Bed04: 3
  • Units In Complex: 4
  • Year Built: 1963
  • Zip Code: 90405
  • Zoning: SMR2*

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Contact Me







* fields are required
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu