16 Unit - Santa Monica
Santa Monica


  • Class A Location in Ocean Park neighborhood of Santa Monica (AHH Income ±$122,576 within a-mile radius)
  • Walker’s Paradise (Walkscore: 91!), across the street from Santa Monica High School, and walking distance to Santa Monica Civic Center, Santa Monica Beach, Downtown Santa Monica/3rd Street Promenade, Santa Monica Pier, Metrolink light-rail station, and ALL the best amenities the city has to offer!
  • Assumable Loan at 3.948% interest rate fixed until Dec 2024 (30-year term starting from Dec 2014)!
  • Attractive CAP Rate with significant rental upside potential (±35%) for a very attractive proforma CAP Rate
  • Seller has never attempted any buyouts! Higher natural turnover of units which provides real opportunity to unlock rental upside
  • Priced very attractively compared to other on-market apartments in the same Ocean Park neighborhood!


  • Easy to operate and rent 16-unit apartment 5 blocks from Santa Monica Beach
  • Large and bright units (1bedroom ±700 - ±800 sqft) with partial ocean views from several units
  • Unit mix encourages younger tenant mix with higher mobility and creates faster natural turnover
  • Elevator, secured entrance/parking with storage cabinet, shared laundry facility, separately metered for electricity and gas
  • Approximately 8-units have been tastefully upgraded during current ownership
  • Some units have been upgraded with luxury vinyl hardwood floors, new kitchens, and new bathrooms
  • Secured entrance and parking; separately metered for electricity and gas, elevator and shared laundry room
  • Ample parking! 21 spaces (5 tandem) for 16 units! Y/B 1969  Actual CAP Rate 3.34% - Proforma CAP Rate 5.18%!

사업체 형태
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케빈 백 Kevin Baek
Broker Associate
949) 800-9923
8 Corporate Park #220
Irvine, CA 92606
949) 851-8900
949) 851-8901
30년 고정 3.84% 3.91%
15년 고정 3.17% 3.20%
30년 고정 재융자 3.83% 3.93%
15년 고정 재융자 3.18% 3.20%
30년 점보 4.10% 4.13%
5/1 ARM 재융자 3.91% 3.89%
로스엔젤레스 평균 융자율 기준