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16 Unit - Santa Monica
Santa Monica
$7,600,000
멀티패밀리

INVESTMENT HIGHLIGHTS 

  • Class A Location in Ocean Park neighborhood of Santa Monica (AHH Income ±$122,576 within a-mile radius)
  • Walker’s Paradise (Walkscore: 91!), across the street from Santa Monica High School, and walking distance to Santa Monica Civic Center, Santa Monica Beach, Downtown Santa Monica/3rd Street Promenade, Santa Monica Pier, Metrolink light-rail station, and ALL the best amenities the city has to offer!
  • Assumable Loan at 3.948% interest rate fixed until Dec 2024 (30-year term starting from Dec 2014)!
  • Attractive CAP Rate with significant rental upside potential (±35%) for a very attractive proforma CAP Rate
  • Seller has never attempted any buyouts! Higher natural turnover of units which provides real opportunity to unlock rental upside
  • Priced very attractively compared to other on-market apartments in the same Ocean Park neighborhood!

PROPERTY HIGHLIGHTS

  • Easy to operate and rent 16-unit apartment 5 blocks from Santa Monica Beach
  • Large and bright units (1bedroom ±700 - ±800 sqft) with partial ocean views from several units
  • Unit mix encourages younger tenant mix with higher mobility and creates faster natural turnover
  • Elevator, secured entrance/parking with storage cabinet, shared laundry facility, separately metered for electricity and gas
  • Approximately 8-units have been tastefully upgraded during current ownership
  • Some units have been upgraded with luxury vinyl hardwood floors, new kitchens, and new bathrooms
  • Secured entrance and parking; separately metered for electricity and gas, elevator and shared laundry room
  • Ample parking! 21 spaces (5 tandem) for 16 units! Y/B 1969  Actual CAP Rate 3.34% - Proforma CAP Rate 5.18%!

사업체 형태
멀티패밀리
건축년도
1969년
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케빈 백 Kevin Baek
Broker Associate
949) 800-9923
주소:
8 Corporate Park #220
Irvine, CA 92606
전화번호:
949) 851-8900
팩스번호:
949) 851-8901
이메일:
kevinwbaek@hotmail.com
CalB.R.E#
01791559
융자종류오늘등락지난주
30년 고정 4.75% 4.66%
15년 고정 4.01% 3.89%
30년 고정 재융자 4.75% 4.65%
15년 고정 재융자 4.02% 3.89%
30년 점보 4.84% 4.77%
5/1 ARM 재융자 4.41% 4.26%
로스엔젤레스 평균 융자율 기준
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