419 Hill Street, Santa Monica, CA 90405

$2,800,000 Approx. USD 4 beds, 4 baths
1,920 sqft

Agent Remarks

Currently operating as a 4 Unit Apartment building, the properties highest and best use would allow for 2 potential value-add development additions (Buyer to investigate with the city). To be delivered with 2 vacant units. Unit mix consists of (4) 1 Bed/1 Bath units and one unit has a covered patio that has been functioning as a 2nd bedroom. Each unit includes hardwood floors, tiled bathrooms, fireplaces, and in unit washer/dryer. The front units have covered patios, while one rear unit features a private backyard. An investor could continue to operate the property as 4 units and capitalize on 14% rental upside by modernizing the units. Further development potential may exist to add a 2nd Floor addition to each of the 4 units or to maximize the properties potential as a first class Owner User income property. With the new upstairs space there is a potential for ocean views and the new 2-story owners suite would be approximately 1,920 SF while leaving 3 units to generate income.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 16-170104
List price is $2,800,000
Beds: 4
Baths: 4
Built in 1965
1,920 sqft
1 Story stories
County: Los Angeles
Zoning: SMOP2*
Parking type: Parking Space
Appliances: Dishwasher,Garbage Disposal,Dryer,Refrigerator,Washer
Heating description: Central Furnace
MLS area: Santa Monica (C14)

Last Updated: 11/21/2016

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This listing belongs to the Santa Monica (C14) MLS area

The listing is zoned SMOP2.
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Lat/Long: 34.003274, -118.479858.
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Broker: Courtesy of Sperry Van Ness
Listing Agent: Daniel Baird

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