Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

5

Building size

5,374 sqft

Lot size

7,995 sqft

Year built

1924

Stories

2

Garage spaces

5

Pool

None

Status

Active

Days on market

80

MLS #

245019844

About this property

Marcus & Millichap is pleased to present the opportunity to acquire 1833 19th Street, a five-unit apartment property in an outstanding Santa Monica rental location. Rare opportunity in this submarket for a new investor to reposition the asset and lease up at market rates. The property comprises two buildings and features a strong unit mix consisting of a spacious four-bedroom/three-bathroom house, three two-bedroom/one-bathroom units, and one one-bedroom/one-bathroom unit. The asset’s amenities package supports rental demand: private patio and yard space, in-unit laundry, and on-site parking. Ideally located just one block from Santa Monica College, the property benefits from consistent rental demand generated by students, faculty, and tenants seeking convenient access to employment centers throughout the Westside and the Westside lifestyle. Residents enjoy quick access to the beach and the renowned dining, shopping, and entertainment destinations that make Santa Monica one of Southern California’s most popular rental markets. With an outstanding current return and an exceptional location, 1833 19th Street represents a can’t-miss investment opportunity.

Location

1833 19th

Santa Monica, Los Angeles, CA, 90404