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1028 Hill St
Santa Monica, CA 90405
1028 Hill Street · Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 3,404 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2.94/1,000 SF |
| Zoning | SMR2* | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,404 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.94/1,000 SF |
| Zoning | SMR2* |
About 1028 HILL ST , SANTA MONICA, CA 90405
Directions: South of Ocean Park Blvd., West of 11th St., East of Lincoln Blvd., North of Marine St. Remarks: 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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,500 | - |
| 1+1 | 5 | $2,052 | - |
| 3+2 | 4 | $3,788 | - |
Property Taxes
| Parcel Number | 4285-012-026 | Improvements Assessment | $169,556 |
| Land Assessment | $2,342,588 | Total Assessment | $2,512,144 |
Property Taxes
