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    2444 Chelsea Pl

    Santa Monica, CA 90404
    • $1,650,000
    • STATUS: Active
    • ON SITE: 25 days
    • ID#: 21-757808
    UPDATED: 61 min ago
    $1,650,000
    • 4
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,759
      SQFT
    • $598
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    -4.98% Pro-Forma Cap Rate & 14.32 Pro-Forma GRM -Tremendous Value Add Potential -51% Projected Upside -Great Owner User Opportunity -Attractive Residential Financing -(Four) Large 1- Bedroom/1- Bath Units --Three of Four Units Have Been Freshly Painted, Re- carpeted & Retiled -Newly Installed Roof in 2021 & Copper Plumbing -Four Carport Parking Spaces Available -A+ Location - Just South of Wilshire -Walking Distance to Lionsgate Entertainment and The Water Garden Employment Hub -Less than Two Miles Away from Third Street Promenade, Santa Monica Pier & Universal Music Publishing Group -In Close Proximity to Fia Restaurant, Erewhon Market, Tartine Cafe, Fairmont Miramar Hotel, Hotel Casa Del Mar and the Many Restaurants of Downtown Santa Monica

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T11:42:33.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119058310
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    2444 Chelsea Pl Santa Monica, CA 90404

    • Price: $1,650,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: 21-757808
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,759
    SQFT
    $598
    $/SQFT
    1955
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    -4.98% Pro-Forma Cap Rate & 14.32 Pro-Forma GRM -Tremendous Value Add Potential -51% Projected Upside -Great Owner User Opportunity -Attractive Residential Financing -(Four) Large 1- Bedroom/1- Bath Units --Three of Four Units Have Been Freshly Painted, Re- carpeted & Retiled -Newly Installed Roof in 2021 & Copper Plumbing -Four Carport Parking Spaces Available -A+ Location - Just South of Wilshire -Walking Distance to Lionsgate Entertainment and The Water Garden Employment Hub -Less than Two Miles Away from Third Street Promenade, Santa Monica Pier & Universal Music Publishing Group -In Close Proximity to Fia Restaurant, Erewhon Market, Tartine Cafe, Fairmont Miramar Hotel, Hotel Casa Del Mar and the Many Restaurants of Downtown Santa Monica
    Exterior Features

    Cross Streets Chelsea Place & Chelsea Avenue Lot Size Area 5209 Other Structures None Parking Garage Carport Paved YN Yes Total Parking 4

    Interior Features

    Baths Total 4.00 Common Walls Attached Cooling Wall/Window Equipment Other Flooring CarpetTile Heating Other

    Property Features

    Assessed Total Value 119423 Gross Income 56298 Gross Operating Income 54609 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 24985.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Total Annual Expense 29624 Type Of Units 1Bd +1 Ba Year Built Source Estimated Zoning Smr2*

    Listing provided courtesy of David Messiah DRE# of Shield Cre, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T11:42:33.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101