Log In/Sign Up
Your email has been sent.
1307 15th St 11 Unit Apartment Building $4,000,000 ($363,636/Unit) 4.15% Cap Rate Santa Monica, CA 90404
INVESTMENT HIGHLIGHTS
- Great mid-city Santa Monica location!
- Solid Unit Mix!
EXECUTIVE SUMMARY
11-Unit Apartment for sale in desirable Santa Monica neighborhood! North of Santa Monica Blvd., across the street from the Santa Monica UCLA Hospital and related medical buildings. Strong unit mix with market rents reported by owner, fully tenant occupied.. Pride of Ownership shows!
*DISCLAIMER: Many records, including rental agreements, lost in the Palisades Fire. Information provided by owner is believed to be accurate. It is the Buyer’s responsibility to verify accuracy.
*DISCLAIMER: Many records, including rental agreements, lost in the Palisades Fire. Information provided by owner is believed to be accurate. It is the Buyer’s responsibility to verify accuracy.
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
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $363,636 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.15% | Building Size | 8,398 SF |
| Gross Rent Multiplier | 14.82 | Average Occupancy | 91% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Zoning | CP, Santa Monica | ||
| Price | $4,000,000 |
| Price Per Unit | $363,636 |
| Sale Type | Investment |
| Cap Rate | 4.15% |
| Gross Rent Multiplier | 14.82 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,398 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | CP, Santa Monica |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 1 |
| 1+1 | 6 | - | 1 |
| 2+1 | 3 | - | 1 |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (72)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 4282-017-034 | Total Assessment | $2,524,365 (2025) |
| Land Assessment | $1,533,299 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $991,066 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4282-017-034
Land Assessment
$1,533,299 (2025)
Improvements Assessment
$991,066 (2025)
Total Assessment
$2,524,365 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1307 15th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.