1545 Yale St, Santa Monica, CA 90404

$7,480,000
15
BD
16
BA
8,100
SqFt
List Price
$7,480,000
MLS#
22-155683
Year Built
1972
Bedrooms
15
Bathrooms
16
Living Sq. Ft
8,100
Lot Size
8,125
Days on Market
47
Property Type
Multifamily
Stories
2

Property Description

8-unit property with 6 of the units immaculately upgraded by Teague Designs located in the Mid-City area of Santa Monica. Just a few blocks away from top-tier restaurants, upscale shopping, high-end grocery stores like Erewhon Market, Bristol Farms and Whole Foods, and major employment hubs.- Comprised of (1) 1-bdrm + 1-bath unit (ADU), (1) 2 bdrm + 1 bath unit, (3) 2bdrm+ 1.5 bath townhome units, (1) 2 bdrm + 2 bath unit, and (2) 2bdrm + 2.5 bath townhome units. Sitting on an 8,125 SF lot zoned SMR2 located just north of Colorado Blvd.- All the units have large private outdoor patios, balconies, or rooftop decks that accommodate for indoor/outdoor living. The upgraded units all have custom built-ins and finishes. In addition, all the upgraded units have in-unit washers and dryers and an outdoor barbecue area with wet bar and storage area. Unit 2 the 2 bdrm + 2 bath unit has a private elevator taking the tenant from the parking area directly to the balcony entryway and the rooftop deck.- Tremendous Value-add opportunity, rents are approximately 53.0% below market compared to renovated units in the area. 7 units are in turn-key condition- 2 units delivered vacant: owner's unit (unit 2) and ADU (Unit 8) All offers need to be submitted on a CAR RIPA form. Gross rent multiplier and cap rate assume that both vacant units (owners unit and ADU) are leased at projected market rents.

Additional Information

Other Buildings
None
Pool Description
None
Spa
Yes
Heat
Central
Cooling
Air Conditioning
Number of Cars in Garage
Tandem, Garage Is Attached
Garage Spaces Total
14

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of , John Swartz - CA DRE#

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).