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1453 Centinela Ave 4 Unit Apartment Building $2,025,000 ($506,250/Unit) 4.95% Cap Rate Santa Monica, CA 90404
Investment Highlights
- Owner Occupied Opportunity
- Brand New Copper Plumbing
- New Roof Recently Installed
- Brand New Electrical Panel
- Recently Installed Mainline Plumbing System
- ±$2,475 Average Rent Per Unit
Executive Summary
The Boyett Team is thrilled to offer an exclusive opportunity to acquire 1453 Centinela Avenue, a beautiful gated 4-Unit Apartment building located in the Mid-City Submarket of Santa Monica.
Built in 1939, 1453 Centinela Avenue has been well managed with quality renovations within each unit while still maintaining its vintage character. The opportunity sits on a ±7,566 Square Feet lot with a total of Two Structures. The front Duplex contains (2) One Bedroom One Bathroom units while the back Duplex consists of (1) Two Bedroom One Bathroom unit and (1) One Bedroom One Bathroom unit.
Additionally, there is an additional living space within the back structure that has the possibility to be converted to an ADU. This is a studio styled space with a wet bar, bathroom, and is separately metered. Lastly, the property contains (4) one car garages on site that could provide additional value add ability, buyer to verify.
Conveniently located just south of Santa Monica Blvd, tenants of 1453 Centinela Avenue have no shortage of things to do. From vibrant nightlife to an ample selection of fine dining, daily necessities, and retail amenities. Providing easy access to all that Santa Monica has to offer as well as seamless transit to the surrounding West Los Angeles area.
Built in 1939, 1453 Centinela Avenue has been well managed with quality renovations within each unit while still maintaining its vintage character. The opportunity sits on a ±7,566 Square Feet lot with a total of Two Structures. The front Duplex contains (2) One Bedroom One Bathroom units while the back Duplex consists of (1) Two Bedroom One Bathroom unit and (1) One Bedroom One Bathroom unit.
Additionally, there is an additional living space within the back structure that has the possibility to be converted to an ADU. This is a studio styled space with a wet bar, bathroom, and is separately metered. Lastly, the property contains (4) one car garages on site that could provide additional value add ability, buyer to verify.
Conveniently located just south of Santa Monica Blvd, tenants of 1453 Centinela Avenue have no shortage of things to do. From vibrant nightlife to an ample selection of fine dining, daily necessities, and retail amenities. Providing easy access to all that Santa Monica has to offer as well as seamless transit to the surrounding West Los Angeles area.
Property Facts
| Price | $2,025,000 | Building Class | C |
| Price Per Unit | $506,250 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,123 SF |
| Cap Rate | 4.95% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SMR2* - Two Family Dwellings | ||
| Price | $2,025,000 |
| Price Per Unit | $506,250 |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,123 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | SMR2* - Two Family Dwellings |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
Site Amenities
- Laundry Facilities
- Picnic Area
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4267-015-023 | Improvements Assessment | $604,888 |
| Land Assessment | $1,406,100 | Total Assessment | $2,010,988 |
Property Taxes
Parcel Number
4267-015-023
Land Assessment
$1,406,100
Improvements Assessment
$604,888
Total Assessment
$2,010,988
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1453 Centinela Ave
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