1937 17Th StSanta Monica, CA 90404

Property Details for 1937 17Th St

Year built

1948

Lot size

0.18 AC

Property size (Sq ft)

4,840 SF

Zone code

SMR2*

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

4274-014-019

APU

4274014019

Description

This exceptional Santa Monica investment property, located at 1937 17th St, offers a rare opportunity to acquire a six-unit multifamily complex with significant upside potential. The property, situated on a 7,746 square foot lot, comprises two distinct structures totaling 4,840 square feet. The main building features five rental units: one three-bedroom, one-and-a-half-bathroom unit, and four two-bedroom, one-bathroom units. A separate, detached two-bedroom, one-bathroom single-family house constitutes the sixth unit. Built in 1948, the property is zoned for low-density residential use. Ample parking is available, including a double-car garage and eight additional open spaces accessed via a rear alley. The asking price is $2,375,000, translating to $491 per square foot and $395,833 per unit. This presents a compelling investment opportunity given the strong rental income potential and the possibility of increasing rental rates upon tenant turnover. The property's location in desirable Santa Monica, California (zip code 90404), within Los Angeles County, adds to its appeal. This property is a strong contender for investors seeking a stable, income-generating asset in a prime location. The property's address is 1937 17th Street, Santa Monica, CA 90404. The APN is 4274-014-019.

• CAP approach

  CAP return

  Valuation

  6%

  $1,472,039

  6.5%

  $1,358,805

  7%

  $1,261,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,424,275

  Geo Method

  $1,426,580

• Alternative Use

  Use

  Valuation

  Residential

  $1,358,805

  Hospitality

  $1,244,658

  Educational

  $1,035,541

  Medical

  $1,071,155

  Retail

  $1,610,842

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0191

Longitude

-118.474

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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