Skip To Content

    1420 Berkeley Street

    Santa Monica, CA 90404
    • $3,849,000
    • STATUS: Active
    • ON SITE: 4 Days
    • ID#: SB21225722
    New On Site 4 Days Ago
    UPDATED: 30 min ago
    $3,849,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    ADW MANAGEMENT IS PROUD TO PRESENT THIS 6 UNIT MULITY-FAMILY ASSET LOCATED AT 1420 BERKELEY STREET IN THE CITY OF SANTA MONICA. THIS ASSET CONTAINS A FRONT MIX OF A THREE-BEDROOM FRONT TOWNHOUSE STYLE UNIT AND 5 UNITS OF TWO-BEDROOMS IN THE REAR. ALL UNITS HAVE BEEN NEWLY RENOVATED WITH NEW FLOORING, KITCHEN CABINETS / COUNTERTOPS, APPLIANCES, ETC. EXTERIOR PROPERTY UPGRADES INCLUDES A REPLACED FLAT ROOF, COMPLETED SEISMIC RETROFIT REQUIREMENT, AND NEW WINDOWS. THIS PROPERTY IS CONVENIENTLY LOCATED NEAR MANY RESTAURANTS, CAFES, SHOPPING CENTERS AND IT IS ONLY A COUPLE BLOCKS FROM PRIME WILSHIRE. 1420 BERKELEY STREET PROVIDES AN INVESTOR WITH AN OPPORTUNITY TO OWN A PROPERTY IN SANTA MONICA WHERE ALL INTERIOR UNITS HAVE BEEN RENOVATED AND NOT HAVE TO WORRY ABOUT COSTLY FUTURE INTERIOR UPGRADES TO ACHIEVE THEIR DESIRED RENTS

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122291978
    Print Image

    1420 Berkeley Street Santa Monica, CA 90404

    • Price: $3,849,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: SB21225722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1966
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    ADW MANAGEMENT IS PROUD TO PRESENT THIS 6 UNIT MULITY-FAMILY ASSET LOCATED AT 1420 BERKELEY STREET IN THE CITY OF SANTA MONICA. THIS ASSET CONTAINS A FRONT MIX OF A THREE-BEDROOM FRONT TOWNHOUSE STYLE UNIT AND 5 UNITS OF TWO-BEDROOMS IN THE REAR. ALL UNITS HAVE BEEN NEWLY RENOVATED WITH NEW FLOORING, KITCHEN CABINETS / COUNTERTOPS, APPLIANCES, ETC. EXTERIOR PROPERTY UPGRADES INCLUDES A REPLACED FLAT ROOF, COMPLETED SEISMIC RETROFIT REQUIREMENT, AND NEW WINDOWS. THIS PROPERTY IS CONVENIENTLY LOCATED NEAR MANY RESTAURANTS, CAFES, SHOPPING CENTERS AND IT IS ONLY A COUPLE BLOCKS FROM PRIME WILSHIRE. 1420 BERKELEY STREET PROVIDES AN INVESTOR WITH AN OPPORTUNITY TO OWN A PROPERTY IN SANTA MONICA WHERE ALL INTERIOR UNITS HAVE BEEN RENOVATED AND NOT HAVE TO WORRY ABOUT COSTLY FUTURE INTERIOR UPGRADES TO ACHIEVE THEIR DESIRED RENTS
    Exterior Features

    Carport Spaces 4 Carport YN Yes Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 7 Parking Features Attached CarportGarage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Roof ShingleSpanish Tile Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring Vinyl Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Recessed Lighting Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Cap Rate 3.87 Common Interest None Community Features Sidewalks Current Financing None Electric Expense 800 Fuel Expense 700 Garage YN Yes Gross Income 229860 Gross Scheduled Income 229860 Insurance Expense 3520 Land Lease YN No Laundry Features Common AreaElectric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanVa Loan Maintenance Expense 3000 Net Operating Income 149038 New Construction YN No New Taxes Expense 47188 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 73927 Other Expense 500 Pest Control Expense 200 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 18980 Trash Expense 3500 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance 6896 Vacancy Allowance Rate 3 Water Sewer Expense 5000 Water Source Public Zoning Smr2*

    Listing provided courtesy of Frederick Okuda of Adw Management Usa, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367403782-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367403782-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367403782-1.jpg
    Logo
    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101