For Sale
$4,450,000

901 19Th St Santa Monica, CA 90403

Prime Location, High ROI Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A, 7-unit apartment building at 901 19th Street, Santa Monica, CA 90403, presents a compelling investment opportunity. Boasting a desirable North of Wilshire location, this property offers a strong mix of unit sizes, including a spacious 3-bedroom owner's unit, along with 2-bedroom and 1-bedroom units. Built in 1948, the building sits on a prime corner lot, providing excellent visibility and access. The property currently generates a Net Operating Income (NOI) of $157,981, resulting in a 3.55% capitalization rate. The asking price is $4,450,000. Its proximity to Montana Avenue ensures high demand due to the abundance of nearby restaurants, shops, and cafes. This fully occupied building is situated in one of Santa Monica's most coveted areas, commanding above-average rental rates. Given the current occupancy, showings are only available after an accepted offer. This is a rare chance to acquire a trophy asset in a highly sought-after location with significant potential for future appreciation. The property's strong financial performance and prime location make it an ideal addition to any investment portfolio. Serious inquiries only.

Highlights

  • Class A, 7-unit apartment building in prime Santa Monica location (901 19th Street, 90403).
  • Strong unit mix including a 3-bedroom owner's unit, 2-bedroom, and 1-bedroom units.
  • Corner lot with excellent visibility, built in 1948.
  • $4,450,000 asking price with a $157,981 NOI and 3.55% cap rate.
  • Fully occupied, commanding above-average rents near Montana Avenue's shops and restaurants.

Property Details for 901 19Th St

Property type
Apartment buildings
Class
A
Year Built
1948
Units
7

Location Insight

City
Santa Monica
County
Los Angeles
State
California
Latitude
34.0347536
Longitude
-118.4885519

FAQs

What type of property is this?
Apartment building - Prime Location, High ROI Multifamily Investment
Where is the apartment building located?
The property is located at 901 19Th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Class A, 7-unit apartment building in prime Santa Monica location (901 19th Street, 90403).; Strong unit mix including a 3-bedroom owner's unit, 2-bedroom, and 1-bedroom units.; Corner lot with excellent visibility, built in 1948.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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901 19Th St
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