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Alfredo Guzman

alfredoguzmanre@gmail.com +1(562) 786-5418

$ 2,250,000

Est. payment | -/mo

13 Beds

7 Baths

4,840 SqFt

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$ 2,250,000

Est. payment | -/mo

Save

13 Beds

7 Baths

4,840 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,840 sqft

Price per Sqft $464

MLS Listing ID 26862705

Bedrooms 13

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 7,749 Sqft

Lot Dimensions Assessor

Property Description

The subject property is a six-unit residential income asset located at 1937 17th Street in central Santa Monica. Built in 1948 and zoned SMR2, the asset consists of (1) 3-Bedroom / 1.5-Bath unit and (5) 2-Bedroom / 1-Bath units, including a detached 2 Bedroom / 1-Bath home located towards the rear of the property, totaling 4,840 rentable square feet on a 7,746 SF lot. The property will be delivered with three vacant units at the close of escrow. Currently two units are vacant with a third unit becoming vacant at the end of August. Recent upgrades include a new roof and updated electrical systems. Tenant parking is on-site with 8 uncovered individual spaces and a 2 car garage located at the front of the property. The property delivers strong in-place cash flow at a 5.00% cap rate, with meaningful embedded upside as rents are brought to market. Potential ADU can be built as a garage conversion, buyer to verify. Positioned in Prime Santa Monica, the property sits within one block of Santa Monica College, and a short commute to Whole Foods, the Pico corridor retail, and the Bergamot Expo Line station, giving tenants a direct rail link to Downtown Santa Monica, Century City, and Downtown Los Angeles. The Santa Monica beach and pier are minutes to the west. Santa Monica remains a supply-constrained, high-demand rental market with deep renter demand from the Silicon Beach tech corridor and the long-term durability that defines Westside multifamily.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Range, Refrigerator, Range Hood

Laundry None

Exterior

Parking Features Assigned, Door-Multi, Driveway, Garage, Uncovered

Garage Spaces 2.0

Garage Description 2.0

Pool None

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Total Parking Spaces 10

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4274014019

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419

Nearby Locations

Alfredo Guzman

License ID: 01407137

+1(562) 786-5418 | alfredoguzmanre@gmail.com

1937 17th ST Santa Monica, CA 90404

Alfredo Guzman

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1937 17th ST