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    1908 19Th Street

    Santa Monica, CA 90404
    • $3,200,000
    • STATUS: Active Under Contract
    • ON SITE: 45 days
    • ID#: 21682346
    Under Contract
    UPDATED: 68 min ago
    $3,200,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,637
      SQFT
    • $568
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Scott Rosenberg and The RCRE Group are proud to present to market "Silicon 6", a partially vacant, value- ready multifamily investment property housing six large, classic 1960s styled 2-bedroom units situated on a large 7991 SF lot. Located in Santa Monicas coastal community and tech commercial corridor, known today as Silicon Beach, the units on 1908 19th Street, are near to many of the most prominent creative and tech companies in the nation. Sony, Facebook, Google, Snapchat, YouTube, Tesla (to name a few) all have significant facilities nearby. Silicon 6 is perfectly located to capitalize on the long-term demand for housing the young, well educated, and well-paid workforce in the tech economy as well as for returning students to the internationally renowned Santa Monica College. The property features 2-car garage parking in front, with room to park in the driveway and 5 spacious garages from alley access in the rear. The parking configuration presents potential to add 2 ADU units.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-07T17:28:09.967. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/113439098
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    1908 19Th Street Santa Monica, CA 90404

    • Price: $3,200,000
    • Status: Active Under Contract
    • Updated: 68 min ago
    • ID#: 21682346
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,637
    SQFT
    $568
    $/SQFT
    1961
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Scott Rosenberg and The RCRE Group are proud to present to market "Silicon 6", a partially vacant, value- ready multifamily investment property housing six large, classic 1960s styled 2-bedroom units situated on a large 7991 SF lot. Located in Santa Monicas coastal community and tech commercial corridor, known today as Silicon Beach, the units on 1908 19th Street, are near to many of the most prominent creative and tech companies in the nation. Sony, Facebook, Google, Snapchat, YouTube, Tesla (to name a few) all have significant facilities nearby. Silicon 6 is perfectly located to capitalize on the long-term demand for housing the young, well educated, and well-paid workforce in the tech economy as well as for returning students to the internationally renowned Santa Monica College. The property features 2-car garage parking in front, with room to park in the driveway and 5 spacious garages from alley access in the rear. The parking configuration presents potential to add 2 ADU units.
    Exterior Features

    Architectural Style Modern Garage Spaces 7.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 7.00 Parking YN Yes Roof CompositionShingle

    Interior Features

    Appliances DishwasherDisposalMicrowaveRefrigeratorGas CooktopGas Oven Appliances YN Yes Cooling None Cooling YN No Flooring Wood Heating Wall Furnace Heating YN Yes Laundry Features Community

    Property Features

    Additional Parcels YN No Country Us Gross Income 195276.00 Gross Multiplier 15.70 Gross Operating Income 203676.00 Laundry YN Yes Net Operating Income 139582.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 64094.00 Zoning Smr2*

    Listing provided courtesy of Scott Rosenberg of Re/Max Estate Properties and Casey Lins of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-07T17:28:09.967. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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