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Santa Monica, CA 90405 915 Marine Street

$2,350,000

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Presented By: JEFFREY GRAY with CONROY COMMERCIAL INC.;
  • MLS# EV24044370
  • 03/04/2024
  • Request Tour
  • Request Info
  • BedBeds • 2
  • BathFull/Half Baths • 1 / 1
  • FootageSQFT • 3,584

Home Details

MAJOR PRICE REDUCTION! PRICED TO SELL. Situated on a serene, tree-lined street just east of Lincoln Blvd, this meticulously maintained 4plex boasts an enviable location. With an impressive Walk Score of 86 and a Bike Score of 96, residents enjoy easy access to a plethora of dining spots, bars, grocery stores, and cafes, making it an ideal locale for pedestrians and cyclists alike. A mere stone's throw away lies a convenient Whole Foods market, while the renowned Abbot Kinney is within close reach. Adding to its allure, the property features 8 tandem parking spots at the rear, accessible via the alley. Each unit is equipped with modern appliances and in-unit washer and dryers, enhancing the comfort and convenience for tenants. Don't miss out on this exceptional opportunity to acquire a prime asset in one of the most sought-after cities on the West Coast, where rental values have consistently appreciated.
Presented By: JEFFREY GRAY with CONROY COMMERCIAL INC.;

Interior Features for 915 Marine Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl, Wood
Heating Y/NYes
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 915 Marine Street

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, GasOven, GasRange, Refrigerator, RangeHood, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.21
Carport Y/NNo
CitySanta Monica
Community FeaturesBiking, StreetLights, Urban
CoolingNone
CountyLos Angeles
Days on Market82
DirectionsSouth on Lincoln, East on Marine St
ElectricElectricityOnProperty, Item220Volts
Electric Expense52.0
Entry LocationGround
Fuel Expense855.0
Garage Spaces0.0
Garage Y/NNo
Gross Income162000.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense6875.0
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet4805.0
MLS AreaC14 - Santa Monica
MaintenanceExpense5000.0
MobileHomeRemainsYNNo
Net Operating Income107095.0
New ConstructionNo
Number of Units Leased4
Open Parking Spaces8.0
Operating Expense54905.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NameMarine
Tax Lot18
Taxes$31,469
Tenant PaysCableTV, Electricity, Gas, Telephone
Total Actual Rent13500.0
Total Units4
Trash Expense1823.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
View Y/NNo
Water Sewer Expense1000.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningSMR2*

Exterior for 915 Marine Street

Building Area Total3584.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions40'x120'
Lot FeaturesItem2125UnitsAcre
Lot Size Acres0.1103
Lot Size Area4805.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,350,000
MLS#EV24044370
List Date 03/04/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors