101-103 Strand St
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101-103 Strand St
7 Unit Block of Flats £4,414,455 (£630,636/Unit) 3.98% Net Initial Yield Santa Monica, CA 90405
Investment Highlights
- Prime OCEAN FRONT Santa Monica Beach Location
- Seller Financing up to 80% for 2 Years
- A rare opportunity for an Owner User to live at the beach with Ocean Views
Executive Summary
101 - 103 Strand Street is a prime OCEAN FRONT Santa Monica Beach Location! A rare opportunity for an Owner User to live at the beach with Ocean Views and have rental income. Seller Financing up to 80% for 2 Years for qualified buyer. There are no comparable multifamily buildings this close to the beach with Ocean Views that have sold and few comparable rentals. Condo sales in the area that are even close to this location have a comparable average of $1245 Per Sq Ft plus homeowners dues averaging $1587. OWNER'S UNIT: Upstairs 2 Bedrooms & 2 Baths. Ocean Front Views from both Bedrooms & Front Patio. Real hardwood floors throughout. Tiled flooring and granite counter tops in kitchen and bathrooms. Dual paned windows. Stack washer/dryer & lots of closet space. Copper Plumbing. 3 of the 7 units have laundry in the units, the other units have space to add stack washer/dryers and there is a laundry room on site with machines that are owned. This rare 7 unit apartment building directly across from the beach on Ocean Avenue boasts stunning Ocean views, Sunsets and sits just above the sandy shores of Santa Monica Beach. Live the experience of beachfront living. Get right onto the beach bike path or walk to Main Street with great restaurants and shopping. PLEASE DO NOT DISTURB TENANTS.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
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 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £4,414,455 | Apartment Style | Low Rise |
Price Per Unit | £630,636 | Building Class | C |
Sale Type | Investment | Lot Size | 0.12 AC |
Net Initial Yield | 3.98% | Building Size | 5,728 SF |
Gross Rent Multiplier | 18.09 | Number of Floors | 2 |
No. Units | 7 | Year Built | 1955 |
Property Type | Residential | Parking Ratio | 1.22/1,000 SF |
Property Subtype | Apartment |
Price | £4,414,455 |
Price Per Unit | £630,636 |
Sale Type | Investment |
Net Initial Yield | 3.98% |
Gross Rent Multiplier | 18.09 |
No. Units | 7 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.12 AC |
Building Size | 5,728 SF |
Number of Floors | 2 |
Year Built | 1955 |
Parking Ratio | 1.22/1,000 SF |
Unit Amenities
- Balcony
- Storage Space
- Washer/Dryer
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 5 | £1,855 | - |
2+1 | 2 | £4,405 | - |
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
Parcel Number | 4289-022-006 | Total Assessment | £3,567,698 (2024) |
Land Assessment | £2,675,776 (2024) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £891,922 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4289-022-006
Land Assessment
£2,675,776 (2024)
Improvements Assessment
£891,922 (2024)
Total Assessment
£3,567,698 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | SMOP3 |
SMOP3 |
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101-103 Strand St
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