1927 Cloverfield

Santa Monica

 

$3,150,000

 
 
 
 

4

UNITS

$787,500

PRICE/UNIT

$648.68

PRICE/FT

4.14%

CAP

17.33

GRM

5.08%

PRO FORMA CAP

14.83

PRO FORMA GRM
 

 


The LA Apartment Advisors are proud to present a rare non-rent control apartment building situated in one of the most coveted cities in America. Built in 2003, the property is a well-maintained four-unit apartment building with an additional one-bedroom unit. The offering consists of the following mix: one, three-bedroom/two-bathroom (two-story, townhouse style), one, two-bedroom/two-bathroom, two, two-bedroom/one-and-a-half bathroom, and one non-conforming one-bedroom/one-bathroom unit. The number of units and superb mix allows an investor the opportunity to take advantage of long-term residential financing and operate as an owner/user.

All units are non-rent control and currently occupied. The front owner's unit has a washer and dryer inside the unit while the 4 units in the back share the laundry room on site. There are a total of 9 parking spaces in the gated parking lot behind the building. 1927 Cloverfield Boulevard is truly a needle in a haystack, no other four-unit property built newer than the 2000's has ever been available or traded in Santa Monica.

The central location of Cloverfield allows access to all of the city's amenities, including dining, retail, beaches, parks, and the newly constructed Whole Foods Market 365 which is less than two blocks away. It also provides easy access to the 10 Freeway, Metro Expo Line and Pacific Coast Highway.  With the wave of tech and internet start-up companies coming into town, Santa Monica has earned the nickname of Silicon Beach.

 
 
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Aida Memary

Associate

O: (818) 212-2678

M: (818) 357-9526

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