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1131 17th St 6 Unit Apartment Building $2,995,000 ($499,167/Unit) 3.87% Cap Rate Santa Monica, CA 90403
INVESTMENT HIGHLIGHTS
- Solid Owner-User in a centralized Santa Monica location!
- Strong unit mix!
EXECUTIVE SUMMARY
Great owner-user opportunity in desirable, central Santa Monica location! Beautiful, walkable mid city neighborhood north of Wilshire Blvd. surrounded by restaurants and shops. Strong unit mix consisting of four spacious townhouse style 2 Bed/1.75 Bath units, one 1 Bed/1 Bath unit, and one large 3Bed/2.75Bath owner’s unit that is scheduled to be delivered vacant. The owner’s unit is townhouse style with bonus basement room and private two car garage. All units at the property have private patios or balconies. First time to market in over 40 years!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS In Escrow
| Price | $2,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $499,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.87% | Building Size | 8,946 SF |
| Gross Rent Multiplier | 15.26 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SMR2YY - Multiple Dwelling | ||
| Price | $2,995,000 |
| Price Per Unit | $499,167 |
| Sale Type | Investment |
| Cap Rate | 3.87% |
| Gross Rent Multiplier | 15.26 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,946 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | SMR2YY - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1.5 | 4 | - | - |
| 3+1.5 | 1 | - | - |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 4276-010-036 | Total Assessment | $441,011 (2025) |
| Land Assessment | $149,285 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $291,726 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4276-010-036
Land Assessment
$149,285 (2025)
Improvements Assessment
$291,726 (2025)
Total Assessment
$441,011 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1131 17th St
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