1231 25th St
Santa Monica, CA 90404
Six Units in Prime Santa Monica · Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Building Size | 4,850 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | R2, Santa Monica | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,850 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R2, Santa Monica |
Amenities
Site Amenities
- Courtyard
About 1231 25TH ST , SANTA MONICA, CA 90404
Marcus & Millichap is pleased to offer for sale a six-unit apartment community located at 1231 25th Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street. The property consists of four one-bedroom units, one two-bedroom unit, and one three-bedroom unit. There is a gorgeous communal courtyard on the lot that has been extremely well maintained offering tenants a picnic area and open space that is rarely found in Santa Monica. Moreover, the subject property is located on an over-sized 9,300 square foot parcel, while all neighboring parcels on the block average 5,300 square feet. Due to its 1956 construction, the property is subject to Santa Monica rent control statutes. The property is located in one of the most desirable and affluent submarkets in Los Angeles and represents an excellent buying opportunity for an investor to acquire a well-maintained asset with remaining upside potential in rental income.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 4276-020-028 | Improvements Assessment | $383,796 |
| Land Assessment | $1,028,314 | Total Assessment | $1,412,110 |
Property Taxes
