tomo logo

$4,390,000

Beds
16
Baths
13.0
sq ft
8,903

1312 19th St, Santa Monica, CA 90404

1312 19th St

Santa Monica, CA 90404

  • 54 days on market
    • Price drop $110,000↓
HUGE PRICE REDUCTION, MOTIVATED SELLER . This is a unique opportunity in the heart of Santa Monica to own a stunning four-bedroom, two-and-a-half-bath owner's townhouse plus five income-producing units, offering a mix of spacious 2-, three-bedroom, two-bath, and 3 two-bedroom, two-bath apartments. Seller financing can secure this valuable property in a high-demand neighborhood. Situated in a prime location close to the beach, hospitals, and shopping areas, this magnificent property is a dream come true for savvy homeowners and investors alike. Priced below the Santa Monica median at an enticing value, this unique opportunity presents a homeowner with the chance to reside in the luxurious owner's townhouse while enjoying high rental income from the five income-producing units on the property to cover mortgage and expenses, ideally 10 minutes from Santa Monica beach, and within easy reach of shopping and dining destinations, complete with convenient parking for both tenants and residents. Whether you're looking to establish a profitable rental portfolio or create your dream home, this is an opportunity to be noticed!

Details

Property type

Townhouse

Lot size

7,507 sq ft

Price per sq ft

$494

Year built

1969

Price History

06/27/2024
CRMLS

CRMLS #SR24088064

Price change
$4,390,000
-2.44%
05/10/2024
CRMLS

CRMLS #SR24088064

Listed
$4,500,000

Schools & Community

Neighborhood: 

Mid-City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

High school district: 

Santa Monica-Malibu Unified

Number of units in community: 

6

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

August 2019

Original loan amount

$1,700,000

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Commercial

Seller

Farnoush Haghnazarzadeh and Hilbert Haghnazarzadeh

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CLAW
$4,995,000
4 bd
|
5 ba
|
5,200 sq ft
|
House

1055 26th St, Santa Monica, CA 90403

New
CLAW
$3,999,000
5 bd
|
8 ba
|
5,087 sq ft
|
House

469 17th St, Santa Monica, CA 90402

Price drop
CLAW
$4,100,000
4 bd
|
2.75 ba
|
2,890 sq ft
|
House

867 Stanford St, Santa Monica, CA 90403

Status: Active

Tomo last checked: 07/03/2024 at 8:20 AM

Listing updated: 06/27/2024 at 12:23 PM

Listed by: Behrouz Lavi, Keller Williams Realty-Studio City Phone #: (818) 432-1500

MLS: CRMLS #SR24088064

CRMLS logo

Recently listed in Santa Monica

$3,499,000|4 bd|3.0 ba|House
$2,499,000|4 bd|3.0 ba|Townhouse
$1,949,000|3 bd|2.0 ba|House
$5,995,000|4 bd|4.0 ba|House
$1,149,000|2 bd|2.5 ba|Townhouse
$2,595,000|2 bd|3.0 ba|Townhouse
$3,999,000|5 bd|8.0 ba|House