1453 Centinela Ave - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$2,300,000 USD
707-815-7472
1453 Centinela Ave, Santa Monica, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/24
null | 4.3% Cap Rate

1453 Centinela Ave
Santa Monica, CA 90404
Mid-City Santa Monica


HIGHLIGHTS

  • Owner Occupied Opportunity
  • ADU Potential
  • Brand New Electrical Panel
  • Brand New Copper Plumbing
  • Recently Installed Mainline Plumbing System
  • New Roof Recently Installed

OVERVIEW

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 (2) One Bedroom One Bathroom units while the back Duplex consists of (1) Two Bedroom One Bathroom unit and (1) One Bedroom One Bathroom unit. 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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$736 USD /SF

# OF UNITS

4

PRICE/UNIT

$575,000

CAP RATE

4.3%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

SMR2*

APN/PARCEL ID

4267-015-023

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.