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$3,950,000

Beds
16
sq ft
8,903

1312 19th St, Santa Monica, CA 90404

1312 19th St

Santa Monica, CA 90404

  • 15 days on market
1312 19th Street is a multifamily investment opportunity that features six spacious units in the heart of Santa Monica. The property includes an over 2,000SF 4 BD / 2.5 BA townhouse boasting a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry ,and a finished basement that may be a part of a potential ADU conversion that may provide additional income. The townhouse is one of three units that will be delivered vacant. It also offers two 3BD/2BA units that are roughly 1,500 SF each and three 2BD/2BA units approximately1,200 SF each. Onsite laundry facilities and six carport spaces further enhance revenue potential. With half of the units delivered vacant this property presents an excellent value-add opportunity, offering significant potential for growth and appreciation for years to come. The enormous 4 bedroom townhouse is perfect for owner occupancy.

Details

Property type

Lot size

7,507 sq ft

Price per sq ft

$444

Year built

1969

HOA

No

Price History

10/01/2024
CLAW

CLAW #24455093

Listed
$3,950,000
-9.2%
09/10/2024
CRMLS

CRMLS #SR24140067

Removed
$4,350,000
08/11/2024
CRMLS

CRMLS #SR24140067

Price change
$4,350,000
-0.91%

Schools & Community

Neighborhood: 

Mid-City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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?

Status: Active

Tomo last checked: 11/05/2024 at 3:35 AM

Listing updated: 10/21/2024 at 11:10 AM

Listed by: Joshua Luchs, Kidder Mathews of California, Inc. Phone #: (818) 867-9010

MLS: CLAW #24455093

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