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$4,000,000

Beds
Unknown
sq ft
7,180

943 19th St, Santa Monica, CA 90403

943 19th St

Santa Monica, CA 90403

  • 324 days on market
An exceptional investment opportunity awaits in the bustling city of Santa Monica! Positioned near the vibrant crossroads of Montana Ave and 19th St, this expansive two-story building spans 7,180 square feet. Recently underwent Soft-Story Retrofit to meet LADBS regulations, it features six units: five boasting three bedrooms each, and one with two bedrooms. The property includes on-site covered parking, accommodating six cars with individual garages at the rear. With substantial potential for increased rental income, this property appeals to both owner-users and seasoned investors seeking to diversify their portfolios. Conveniently located just a stone's throw away from Trader Joe’s, Pavilions, and the Aero Theater, it offers proximity to a plethora of chic boutiques, diverse eateries, and entertainment options. Nestled amidst the vibrant Santa Monica Boulevard scene, and only minutes away from the sun-kissed shores of Southern California beaches, this property embodies the epitome of coastal living and urban convenience.

Details

Property type

Apartment

Lot size

7,997 sq ft

Price per sq ft

$558

Year built

1959

Price History

02/02/2024
CRMLS

CRMLS #SR24024749

Listed
$4,000,000

Schools & Community

Neighborhood: 

Wilshire/Montana

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

Union Bank Na

Loan start date

August 2010

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

4.57%

Loan type

Commercial

Seller

George Szego and Steven Sego

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: 12/22/2024 at 8:25 AM

Listing updated: 10/19/2024 at 5:00 AM

Listed by: Paul Baccino, Equity Union Phone #: (818) 989-2000

MLS: CRMLS #SR24024749

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