1108 19th Street

1108 19th Street, Santa Monica, CA 90403

Sale Price

$3,650,000

Investment Overview

Units

6

Year Built

1962

The Offering

1108 19th Street is a six-unit investment asset in Santa Monica, north of Wilshire Boulevard and three blocks south of Montana Avenue.  The property has a desirable unit mix of bright and spacious one, two and three bedroom townhouse units with seven parking spaces on an oversized lot of 7,994 square feet and copper plumbing throughout.

The large three bedroom /two-and-one half bath front unit provides an excellent owner/user opportunity, featuring a two-car private garage, private patio, formal dining room, central air and heat and a washer/dryer in-unit. The building does not require soft-story retrofitting.

This asset presents a new buyer with a highly attractive opportunity to own a well-maintained building in a prime Santa Monica location with 45% rental upside potential.

Investment Highlights

  • 45% rental upside potential
  • Large 3 BD / 2.5 BA townhouse front unit presents an excellent owner/user opportunity
  • Desirable unit mix of one, two, and three bedrooms
  • All spacious, bright townhouse units with hardwood floors
  • 7 parking spaces (2-car garage + 5 spaces)
  • Copper plumbing throughout
  • Oversized lot of 7,994 Square Feet
  • Soft-story retrofit not required