RECEIVERSHIP SALE! Hearing Date: February 13, 2025 @ 8:30 AM. Final deadline for overbid offers January 31, 2025. We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those… Read More 8 units to $832 for 1 bedroom units and $988 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. The top floor 3 bed 2 bath owner's unit which offers incredible amazing city views from the balcony is PERFECT FOR AN OWNER/USER. The property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. There is potential to convert the two-car garages into market-rate ADUs (Buyer to verify with the city). In total there are 7 vacant units (4 rent ready and 3 gutted units). Santa Monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. The mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's robust rental market. NOTE: Property sale is subject to court confirmation including a 60-day appeal period and may be subject to overbid. As such, Seller cannot guarantee a particular sale date. Read Less
Courtesy of Realty Investment Advisors, Inc.
Listing Snapshot
Days Online
152
Last Updated
Property Type
Other
Beds
18
Square Ft.
8,623
Lot Size
0.17 Acres
Year Built
1968
MLS Number
24-451475
30 Days Snapshot Of 90404
$1,140k
+15%
(avg) sold price
6
+100%
homes sold
76
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Hood Fan, Range/Oven, Refrigerator, Washer, Dryer
Building
8,623 sq ft, Built in 1968, Levels: Two
Cooling
None
Disclosures
Court Approval Required
Garage
Covered Parking
Heating
Wall
Lot
LotAcreage: 0.1721, LotSizeArea: 7,495
Parking
TotalParking: 11
Property
NumberOfUnits: 10, Zoning: SMR3*
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
