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    1927 Cloverfield Boulevard

    Santa Monica, CA 90404
    • $3,295,000
    • STATUS: Active
    • ON SITE: 32 days
    • MLS #: PW20261222
    Price Reduced
    UPDATED: 41 min ago
    $3,295,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,856
      SQFT
    • $679
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2003
    County:

    School Ratings & Info

    Description

    We are proud to present 1927 Cloverfield. This sensational, fully rehabbed, turnkey, large 4 unit building is a rare find in Santa Monica. Due to the buildings newer construction it does not fall into the Santa Monica rent control ordinance. Incredible location!! Located in close proximity to everything that's great about Southern California. Just a short 'five minute' drive to the beach at Santa Monica, 3rd street promenade, Santa Monica stairs, Brentwood, Palm trees as far as the eye can see! To the North, just a short distance to Beverly Hills, Hollywood and the Staples center. This incredibly private building is comprised of four highly desirable "large units" with one large non conforming unit (1 Three bed x Two bath + 1 Two bed x 2 bath + 2 Two bed x 1.5 bath + One 1 bed x 1 bath). The owners unit is a two story, townhouse style apt, with it's own interior laundry. All five units have been extensively upgraded to "like new" condition. Kitchen upgrades consist of Granite counters, tile flooring with stainless steel appliances. Bathroom upgrades consist of beautiful vanities, tile flooring/wainscot, upgraded lighting and fixtures. In addition, all units have beautiful flooring, upgraded fixtures and dual pain windows throughout. Each 2 bedroom unit has two parking spaces, and the one non conforming unit has one parking space. This building has it all!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T10:26:04.393. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112837492
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    1927 Cloverfield Boulevard Santa Monica, CA 90404

    • Price: $3,295,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: PW20261222
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,856
    SQFT
    $679
    $/SQFT
    2003
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are proud to present 1927 Cloverfield. This sensational, fully rehabbed, turnkey, large 4 unit building is a rare find in Santa Monica. Due to the buildings newer construction it does not fall into the Santa Monica rent control ordinance. Incredible location!! Located in close proximity to everything that's great about Southern California. Just a short 'five minute' drive to the beach at Santa Monica, 3rd street promenade, Santa Monica stairs, Brentwood, Palm trees as far as the eye can see! To the North, just a short distance to Beverly Hills, Hollywood and the Staples center. This incredibly private building is comprised of four highly desirable "large units" with one large non conforming unit (1 Three bed x Two bath + 1 Two bed x 2 bath + 2 Two bed x 1.5 bath + One 1 bed x 1 bath). The owners unit is a two story, townhouse style apt, with it's own interior laundry. All five units have been extensively upgraded to "like new" condition. Kitchen upgrades consist of Granite counters, tile flooring with stainless steel appliances. Bathroom upgrades consist of beautiful vanities, tile flooring/wainscot, upgraded lighting and fixtures. In addition, all units have beautiful flooring, upgraded fixtures and dual pain windows throughout. Each 2 bedroom unit has two parking spaces, and the one non conforming unit has one parking space. This building has it all!
    Exterior Features

    Entry Level 1 Entry Location 1 Fence YN Yes Fencing Block Foundation Details Slab Garage Spaces 0.00 Lot Features Front YardGardenLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Composition Spa Features None Spa YN No Uncovered Spaces 9.00 View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherGas OvenGas RangeGas CooktopGas Water HeaterRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring CarpetLaminateTileWood Heating Central Heating YN Yes Interior Features Block WallsCeiling Fan(S)Copper Plumbing FullGranite CountersLiving Room BalconyOpen FloorplanRecessed Lighting Laundry Features Inside Room Type All Bedrooms DownFamily RoomKitchen

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.62 Community Features CurbsGolfGuttersParkSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gross Income 183744.00 Gross Multiplier 17.90 Gross Operating Income 178232.00 Gross Scheduled Income 183744.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 1344.00 Laundry YN Yes Net Operating Income 119434.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number With Dishwasher 5 Number With Range 5 Number With Refrigerator 5 Operating Expense 58798.00 Other Income1 28800.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 15200.00 Total Expenses 58798.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 5512 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Cameron Jacques of Kinnery's Brokerage House


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T10:26:04.393. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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