2002-2012 Montana Ave 6 Unit Apartment Building $4,428,666 CAD ($738,111 CAD/Unit) 3.20% Cap Rate Santa Monica, CA 90403
INVESTMENT HIGHLIGHTS
- Great Property on Montana Ave Santa Monica!
- High visibility, well trafficked area-- easy rentals
- Value Add Opportunity!
EXECUTIVE SUMMARY
Great Investment opportunity in Santa Monica! Bread and butter income property on a corner lot on Montana Avenue. High visibility, well trafficked area-- easy rentals. The building is located in a desirable residential neighborhood, just minutes from shopping, dining, and more! Coastal living at it's finest! This apartment is located just off the beaten path on beautiful Montana Avenue in Santa Monica. Ride your bike to the beach or take a drive up Sunset Blvd., access to all that LA has to offer is at your fingertips!
Proforma Rent Schedule and estimated Expenses (including estimated new prop. taxes based on List Price).
Proforma Rent Schedule and estimated Expenses (including estimated new prop. taxes based on List Price).
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $4,428,666 CAD |
| Price Per Unit | $738,111 CAD |
| Sale Type | Investment |
| Cap Rate | 3.20% |
| Gross Rent Multiplier | 18.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,113 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 2.25/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
1 of 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 4277-005-015 | Total Assessment | $1,072,461 CAD (2024) |
| Land Assessment | $821,445 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $251,015 CAD (2024) | Tax Year | 2023 |
ZONING
| Zoning Code | SMR2* (Apartment) |
