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1453 Centinela Ave
Santa Monica, CA 90404
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Owner Occupied Opportunity
- ADU Potential
- ±$2,460 Average Rent Per Unit
- Brand New Electrical Panel
- Brand New Copper Plumbing
- Recently Installed Mainline Plumbing System
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 (1) One Bedroom One Bathroom unit and (1) Two Bedroom One Bathroom unit while the back duplex consists of (2) One Bedroom One Bathroom units.
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.
1453 Centinela Avenue offers a unique opportunity to traditional or owner-occupied investors to acquire a quality asset with the opportunity to capitalize on additional value that can be added.
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 (1) One Bedroom One Bathroom unit and (1) Two Bedroom One Bathroom unit while the back duplex consists of (2) One Bedroom One Bathroom units.
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.
1453 Centinela Avenue offers a unique opportunity to traditional or owner-occupied investors to acquire a quality asset with the opportunity to capitalize on additional value that can be added.
Property Facts
| Price Per Unit | $498,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.04% | Building Size | 3,123 SF |
| Gross Rent Multiplier | 13.5 | 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 Per Unit | $498,750 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| Gross Rent Multiplier | 13.5 |
| 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 | - | - |
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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