1012 Hill Street

    Santa Monica, CA 90405
    • $3,498,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 20549816
    UPDATED: 43 min ago
    $3,498,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Beautifully maintained large 7-unit multi-family building located in the Ocean Park neighborhood of Santa Monica at Ocean Park Blvd and Lincoln Blvd. Extremely clean, low maintenance building with an attractive unit mix and individual gas and electric meters for all units. The property offers extremely generously sized units, on site laundry, and 2 parking spaces for all units. 3 of the units have been recently rented, while still leaving 25% upside in rents with the existing units.1012 Hill Street is ideally located a within close proximity to the Ocean, downtown Santa Monica, Marina Del Rey, LAX airport, and the rest of Los Angeles. Convenient access to the 10 Fwy allows easy access to the San Fernando Valley to the North and the beach cities to the South.Locally, the property is surrounded by grocery stores, restaurants, coffee shops, schools, and parks. The quintessential Santa Monica lifestyle is easily attained at 1012 Hill Street.PLEASE DO NOT DISTURB OCCUPANTS

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T23:27:47.73. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/102852208

    1012 Hill Street Santa Monica, CA 90405

    • Price: $3,498,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 20549816
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1964
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Beautifully maintained large 7-unit multi-family building located in the Ocean Park neighborhood of Santa Monica at Ocean Park Blvd and Lincoln Blvd. Extremely clean, low maintenance building with an attractive unit mix and individual gas and electric meters for all units. The property offers extremely generously sized units, on site laundry, and 2 parking spaces for all units. 3 of the units have been recently rented, while still leaving 25% upside in rents with the existing units.1012 Hill Street is ideally located a within close proximity to the Ocean, downtown Santa Monica, Marina Del Rey, LAX airport, and the rest of Los Angeles. Convenient access to the 10 Fwy allows easy access to the San Fernando Valley to the North and the beach cities to the South.Locally, the property is surrounded by grocery stores, restaurants, coffee shops, schools, and parks. The quintessential Santa Monica lifestyle is easily attained at 1012 Hill Street.PLEASE DO NOT DISTURB OCCUPANTS
    Exterior Features

    Lot Size Units Square Feet Parking Features Tandem Garage Parking YN Yes

    Interior Features

    Heating Central Heating YN Yes

    Property Features

    Gross Income 205064.00 Gross Multiplier 17.10 Gross Operating Income 205064.00 Net Operating Income 146796.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0.00 Zoning Smr2*

    Listing provided courtesy of Emil Golub of Firc Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T23:27:47.73. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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