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2403 Centinela Avenue

Santa Monica, CA 90405
  • $3,990,000
  • STATUS: Pending
  • ON SITE: 245 Days
  • ID#: 23323957
Pending
UPDATED: 233 min ago
$3,990,000
  • 11
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,337
    SQFT
  • $748
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

School District:
Listing Agent(s): Carl Lambert of Lambert Investments, Inc. (310-453-9656)


Description

This is a private bungalow enclave and compound with no detail overlooked. Property was taken down to studs and fully rebuilt. Most units have never been occupied. Recent Multi-Million Dollar remodel by award-winning architect, the property includes 11 charming single-level residences. This is a huge 18,027 Square Foot Lot. 6.5 CAP at asking price. Unit mix: one two-bedroom unit, six one-bedroom units and four singles. All with kitchens and high-end appliances, including Mini Split Heating/AC Units and washer/dryers! These homes showcase modern stainless steel kitchen appliances and elegant wood flooring, as well as energy-efficient dual pane windows for sound suppression. Each residence includes allocated parking for one vehicle, including seven garages, new automatic garage doors plus 5 parking spaces. The lush landscaping of the communal areas is meticulously kept and includes beautiful sycamores, enhancing the overall appeal. Please do not curb appraise.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-22T00:30:40.207. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/144589809
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2403 Centinela Avenue Santa Monica, CA 90405

  • Price: $3,990,000
  • Status: Pending
  • On Site: 245 Days
  • Updated: 233 min ago
  • ID#: 23323957
11
Beds
0
Baths
0
½ Baths
0.41
Acres
5,337
SQFT
$748
$/SQFT
1937
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
School District:
Santa Monica-Malibu Unified
Property Description
This is a private bungalow enclave and compound with no detail overlooked. Property was taken down to studs and fully rebuilt. Most units have never been occupied. Recent Multi-Million Dollar remodel by award-winning architect, the property includes 11 charming single-level residences. This is a huge 18,027 Square Foot Lot. 6.5 CAP at asking price. Unit mix: one two-bedroom unit, six one-bedroom units and four singles. All with kitchens and high-end appliances, including Mini Split Heating/AC Units and washer/dryers! These homes showcase modern stainless steel kitchen appliances and elegant wood flooring, as well as energy-efficient dual pane windows for sound suppression. Each residence includes allocated parking for one vehicle, including seven garages, new automatic garage doors plus 5 parking spaces. The lush landscaping of the communal areas is meticulously kept and includes beautiful sycamores, enhancing the overall appeal. Please do not curb appraise.
Exterior Features

Architectural Style Bungalow Lot Features Landscaped Number Of Separate Electric Meters 11 Open Parking Spaces 5 Parking Features Controlled EntranceDrivewayElectric Gate Parking Total 12 Pool Features None Pool Private YN No Roof CompositionShingle Spa Features None Spa YN No View Courtyard View YN Yes

Interior Features

Appliances Gas RangeMicrowaveOven Fireplace Features Blower FanBathDecorativeElectricKitchen Fireplace YN Yes Heating CombinationNatural Gas Heating YN Yes Window Features Blinds

Property Features

Additional Parcels YN No Association YN No Cap Rate 6.58 Community Features Gated Exclusions Furniture Garage YN Yes Gross Income 364140 Inclusions Appliances: Washer DryersStainless stoves and Micros. Entry card reader system. Security camera system. Land Lease YN No Laundry Features Stacked Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 262529 New Construction YN No Number Of Separate Gas Meters 11 Possession Close Of Escrow Property Condition Updated/RemodeledRepairs Major Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Fire Detection SystemSecurity GateGated CommunityKey Card EntrySmoke Detector(s) Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays Electricity Water Source Public Zoning SMR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-22T00:30:40.207. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Carl Lambert of Lambert Investments, Inc. (310-453-9656)