34.023003 -118.46795

2241 Virginia AVE Santa Monica, CA 90404

283530449 34.023003 -118.46795 213 /listing/283530449-150081295/2241-virginia-ave-santa-monica-ca-90404 False 0 7500000.0 9575 105 18 18.5 20-653122 False
  • $7,500,000
  • 18 bd
  • 18.5 ba
  • 9,575 sqft
  • 14,688 lot
  • Est payment $40261.62/mo

Property & Neighborhood Info

Courtesy Of LND Realty

Multi-Family in SANTA MONICA

LND Realty is pleased to present 2241 Virginia Ave in Santa Monica California. A 15 unit apartment complex (14 condo's) with 9 units currently vacant. The units were converted to condominiums via Santa Monicas Tenant Ownership Rights Charter Amendment (TORCA) in the 1980s, and as such, each unit has its own parcel number, however, the building is currently operated as an apartment building. A new investor may benefit from exploring a condo sales exit strategy. The property features controlled access, sun deck, pool, onsite laundry, and parking. No seismic retrofit is required as it has been satisfied per city requirements. The accuracy of all information, regardless of source, including but not limited to sq ft & lot sizes is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Courtesy Of LND Realty
  1. 18 Beds
  2. 18.5 Baths
  3. 9,575 Sq. Ft.
  4. 14,688 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1957
  • Floors: 2
  • School District: Santa Monica-Malibu Unified School Distr
  • County: Los Angeles County
  • Taxes: $90,000.00
  • Units: 15
  • Zoning: R2
  • MLS Number:20-653122

Additional Features

  • Cooling:
    • None
  • Disclosures:
    • As Is
    • CC and R
    • LA/Owner Related
    • Rent Control
  • Flooring:
    • Hardwood
    • Laminate
    • Tile
  • Water Heater:
    • Gas
    • Yes
  • Laundry:
    • Community
  • Laundry Equipment:
    • Own
  • Appliances:
    • Cooktop - Gas
  • Common Walls:
    • Attached
  • Levels:
    • Two
  • Roof:
    • Shingle
  • Unit 1 Furnished:
    • No
  • Unit 2 Furnished:
    • No
  • Unit 3 Furnished:
    • No
  • Unit 4 Furnished:
    • No
  • View:
    • Courtyard
    • Y
  • Lot Description:
    • Gated Community
    • Landscaped
    • Lawn
  • Other Structures:
    • None
  • Pool:
    • Community
  • Pool YN:
    • Yes
  • Covered Parking:
    • 13
  • Parking:
    • Assigned
    • Built-In Storage
    • Covered Parking
  • Parking Spaces:
    • 13
  • Heating:
    • Wall Gas
  • Security Features:
    • Fire and Smoke Detection System
    • Gated
  • Alley:
    • Fo
  • Number of Buildings:
    • 1
  • Paved Road:
    • Yes
  • Tennis Courts:
    • N
    • None
  • Water:
    • Meter on Property
  • Board:
    • The Combined Los Angeles/Westside MLS
  • Gross Income:
    • 391649
  • Land Leased:
    • Full
  • Mello Roos Tax:
    • No
  • Net Operating Income:
    • 241135.00
  • Owner Pays:
    • Gardener
    • Pool Service
    • Water
  • Probate Sale:
    • Fo
  • Miscellaneous Features:
    • Partial Copper Plumbing
  • Rent Control:
    • Yes
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Cap Rate:
    • 3.22
  • Co Listing Office ID:
    • X70075
  • Electric Meter #:
    • 15
  • Entry Level:
    • 1
  • Entry Location:
    • Ground Level w/steps
  • Expenses:
    • 140764
  • Gas Meter #:
    • 15
  • Gross Operating Income:
    • 381899
  • Listing Agent License Number:
    • 02008361
  • Lot Size Area:
    • 14688
  • LP Per SQFT:
    • 783.29
  • Number Of Dishwashers:
    • 15
  • Number of Disposals:
    • 15
  • Number Of Refrigerators:
    • 15
  • Office Co List Name:
    • LND Realty
  • Other Equipment:
    • Ceiling Fan
    • Dishwasher
    • Garbage Disposal
    • Intercom
    • Range/Oven
    • Refrigerator
  • Price Per Unit:
    • 500000.00
  • Unit 1 Bathrooms:
    • 1.00
  • Unit 1 Bedrooms:
    • 0
  • Unit 1 Rent:
    • 1995.00
  • Unit 1 Total Units:
    • 2
  • Unit 2 Bathrooms:
    • 1.00
  • Unit 2 Bedrooms:
    • 1
  • Unit 2 Rent:
    • 2295.00
  • Unit 2 Total Units:
    • 9
  • Unit 3 Bathrooms:
    • 1.50
  • Unit 3 Bedrooms:
    • 2
  • Unit 3 Rent:
    • 3279.00
  • Unit 3 Total Units:
    • 1
    • 4
  • Unit 4 Bathrooms:
    • 2.00
  • Unit 4 Bedrooms:
    • 2
  • Unit 4 Rent:
    • 3300.00
Neighborhood info courtesy of Homes.com © 2020

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$38,769.95*
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Gail Holtzman, REALTOR
Gail Holtzman, REALTOR
Owner/Broker
269 S. Beverly Drive Beverly Hills CA 90212
34.023003 -118.46795

2241 Virginia AVE Santa Monica, CA 90404

283530449 34.023003 -118.46795 213 /listing/283530449-150081295/2241-virginia-ave-santa-monica-ca-90404 False 0 7500000.0 9575 105 18 18.5 20-653122 False
  • $7,500,000
  • 18 bd
  • 18.5 ba
  • 9,575 sqft
  • 14,688 lot
  • Est payment $40261.62/mo