943 19th Street Santa Monica, CA $ 4,000,000
943 19th Street
$ 4,000,000
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943 19th Street

Santa Monica, CA, 90403
$ 4,000,000
Baths0.0 Sq 7,180

Monthly Estimate*

$ 27,941

Listed by Equity Union
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Studio

Commercial Property for sale in Santa Monica, CA

for $4,000,000. This 7,180 square foot building was built in 1959 on a lot size of 0.1836.

An exceptional investment opportunity awaits in the bustling city of Santa Monica! Positioned near the vibrant crossroads of Montana Ave and 19th St, this expansive two-story building spans 7,180 square feet. Recently underwent Soft-Story Retrofit to meet LADBS regulations, it features six units: five boasting three bedrooms each, and one with two bedrooms. The property includes on-site covered parking, accommodating six cars with individual garages at the rear. With substantial potential for increased rental income, this property appeals to both owner-users and seasoned investors seeking to diversify their portfolios. Conveniently located just a stone's throw away from Trader Joe’s, Pavilions, and the Aero Theater, it offers proximity to a plethora of chic boutiques, diverse eateries, and entertainment options. Nestled amidst the vibrant Santa Monica Boulevard scene, and only minutes away from the sun-kissed shores of Southern California beaches, this property embodies the epitome of coastal living and urban convenience.

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Commercial Active

Price

$ 4,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MultiFamily

Lot Size

0.1836

Year Built

1959

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

SR24024760

Days on Market

93

Features
General
Cooling WallWindowUnits
Zoning SMR2*
Year Built 1959
Property SubType MultiFamily
County Los Angeles
Net Operating Income 160200.0
Operating Expense 45000.0
Insurance Expense 22680.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Northwest of Santa Monica Blvd; head north bound 20th St and property is between Washington Ave and Idaho Ave
City Santa Monica
View Y/N N
Senior Community Y/N N
Total Units 7
MLS Area C14 - Santa Monica
Lot Size Square Feet 7997.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 6
Street Name 19th
Listing Terms Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 1440.0
Home Warranty Y/N N
Current Financing Conventional
Trash Expense 12000.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 80
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional MultiFamily
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Exterior
Water Source Public
Lot Size Area 7997.0
Number of Buildings 1
Spa N
Building Area Total 7180.0
Lot Size Acres 0.1836
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 943
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* Excluded Features
List By
Equity Union

Broker

(818) 989-2000

Phone

Affordability Calculator

$27,941
Per Month
100%
0%
0%
Monthly Principal & Interest
$27,941
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2024$4,000,000 Listed Price

Map


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943 19th Street, Santa Monica, CA, 90403 is a Commercial Property for sale at $4,000,000 with 7,180 sqft and a lot size of 0.1836. 943 19th Street is a studio with 0.0 baths and was built in 1959. The property's zip code is 90403 which is in Santa Monica, CA