1421 Yale Street, Santa Monica, CA 90404

$2,495,000
16
BD
14
BA
8,934
SqFt
List Price
$2,495,000
Status
PENDING
MLS#
23337461
Year Built
1971
Bedrooms
16
Bathrooms
14
Living Sq. Ft
8,934
Lot Size
7,790
Days on Market
33
Property Type
Multifamily
Stories
Two Levels

Property Description

We are pleased to offer for sale an incredible multifamily asset located at 1421 Yale Street in the heart of LA's famed beach city of Santa Monica. Built in 1971, the building boasts an incredible unit mix consisting of all large 2 & 3-bedroom townhouse floor plans (except for one single-level unit). Each of these units is very spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has massive rental upside, as current rents hover around $1.18/SQFT. The unit mix includes (2) 3-bed, 2-1/2-bath townhouse units, (2) 3-bed, 2-bath townhouse units, (1) 2-bed, 1-1/2-bath townhouse unit, and (1) 2-bed, 2-bath standard unit. At only $280/SQFT, this is a fantastic trophy asset in an undeniably attractive location that offers investors a quintessential "value add" opportunity. A quick walk to high-end dining, nightlife venues, and public transportation, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

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Listing courtesy of Listing Agent: Robert Renshaw (rob@taksainvestment.com) from Listing Office: REMAX COMMERCIAL & INVESTMENT REALTY.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.