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PRICE$2,295,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 2,934 sqft
LOT SIZE 8,277 sqft

Amazing opportunity to purchase a double lot 16,626 Square Feet in Santa Monica's Sunset Park Neighborhood. 1024 Hill Street is a Five Unit property with the front unit being a stand alone remodeled 2 Bedroom 1 Bath home. The other four are 1-Bedroom 1-Bath units in the back. The property also has a two car garage along the alley and seven open spaces on the lot behind the garage. The property is being sold for $2,295,000 along with 1018 Hill Street that's also on the market for $2,295,000. Each property has a 8,313 Square Foot Lot. Perfect for future development as Condominiums, Town Homes or Luxury Apartments. This great property is located approximately 1 Mile from the Beach & Main Street. It is walking Distance to Retails Shops, Dining, and Entertainment along Lincoln Boulevard and Ocean Park Boulevard. Many other features of Santa Monica and the surrounding areas include The 3rd Street Promenade, Santa Monica Pier, Santa Monica Beach, Abbot Kinney, Venice Beach and Numerous Technology and Entertainment Companies close by for Employment. The property will have at least one unit delivered vacant. Current rents have an approximate 76% Market Rental Upside and a Pro-Forma Gross Rent Multiplier of 13.56 times. Listing Income Details for GOI, Expenses, NOI, Gross Income, Cap Rate, and GRM are based on Pro-Forma Income as if all units are at current market rents. Total Expenses were forecast to reflect property tax changes if sold and actual expenses.

DAYS ON MARKET 18 LAST UPDATED 7/19/2021
YEAR BUILT 1938 COMMUNITY Santa Monica
GARAGE SPACES 2.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIRNone
APPLIANCESDisposal, Oven
AREASanta Monica
CONSTRUCTIONStucco
FIREPLACEYes
GARAGEDetached Carport, Door-Multi, Garage, Yes
HEATNatural Gas, Wall Furnace
LOT8276 sq ft
LOT DESCRIPTIONFront Yard, Lawn, Rectangular Lot, Value In Land
LOT DIMENSIONS49 x 170
PARKINGDoor-Multi,Detached Carport,Garage
POOL DESCRIPTIONNone
SEWERSewer Tap Paid
STORIES2
STYLETraditional
VIEW DESCRIPTIONNone
ZONINGSMR2*
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 1024 HILL STREET
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Listing provided by : Charles Blaauw CalDRE: 00890192, Pacific Real Estate Services

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 8/4/21 2:08 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2021.