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    12118 Santa Monica Boulevard

    Los Angeles (City), CA 90025
    • $2,495,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: SB20220510
    UPDATED: 52 min ago
    $2,495,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,210
      SQFT
    • $777
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    12118, 12120, 12122, 12124 SANTA MONICA BLVD. 4 STORES, ALL RENTED MONTH TO MONTH. MONTHLY RENT TOTAL IS $8500.00, $102,000.00 PER YEAR, ABOUT 4.1 X GROSS.LONG TERM TENANTS, MOST THERE FOR 30 YEARS, ALL WANT TO STAY.HAIR SALON IS $2500.00 A MONTH, OTHERS ARE $2000.00 EACH. 3210 SQUARE FEET, STEEL POST AND STUCCO CONSTRUCTION. ROOF ABOUT 12 YEARS OLD. 40 FEET FRONTAGE ON BUSY SANTA MONICA BLVD., NEAR BUNDY. ON BUS LINE. NO PARKING BUT NOT A PROBLEM FOR THIS TYPE OF TENANT. IN THE HEART OF WEST LOS ANGELES, CLOSE TO STARBUCKS, IHOP, SMART & FINAL. BUILDING IS 32 FEET HIGH PROVIDING AMPLE SIGN SPACE. EACH UNIT HAS FRONT AND BACK ACCESS, OFFICE SPACE AN A BATHROOM. SEPARATE ELECTRICAL METERS FOR EACH TENANT. TENANTS PROVIDE OWN HEATING AND COOLING, IF ANY. OWNER ONLY PAYS WATER, ABOUT $600.00 PER YEAR. LOW MAINTENANCE. CLOSE TO SANTA MONICA, BRENTWOOD,WEST WOOD, BEL AIR, BEVERLY HILLS. EASY ACCESS TO 10 FREEWAY BY GOING SOUTH ON BUNDY OR THE 45 BY GOING EAST ON SANTA MONICA.SELLER IS DOING A 1031 EXCHANGE AND IS IN ESCROW ON THE UP LEG PROPERTY.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T19:30:10.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/111164261
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    12118 Santa Monica Boulevard Los Angeles (City), CA 90025

    • Price: $2,495,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: SB20220510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,210
    SQFT
    $777
    $/SQFT
    1947
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    Property Description
    12118, 12120, 12122, 12124 SANTA MONICA BLVD. 4 STORES, ALL RENTED MONTH TO MONTH. MONTHLY RENT TOTAL IS $8500.00, $102,000.00 PER YEAR, ABOUT 4.1 X GROSS.LONG TERM TENANTS, MOST THERE FOR 30 YEARS, ALL WANT TO STAY.HAIR SALON IS $2500.00 A MONTH, OTHERS ARE $2000.00 EACH. 3210 SQUARE FEET, STEEL POST AND STUCCO CONSTRUCTION. ROOF ABOUT 12 YEARS OLD. 40 FEET FRONTAGE ON BUSY SANTA MONICA BLVD., NEAR BUNDY. ON BUS LINE. NO PARKING BUT NOT A PROBLEM FOR THIS TYPE OF TENANT. IN THE HEART OF WEST LOS ANGELES, CLOSE TO STARBUCKS, IHOP, SMART & FINAL. BUILDING IS 32 FEET HIGH PROVIDING AMPLE SIGN SPACE. EACH UNIT HAS FRONT AND BACK ACCESS, OFFICE SPACE AN A BATHROOM. SEPARATE ELECTRICAL METERS FOR EACH TENANT. TENANTS PROVIDE OWN HEATING AND COOLING, IF ANY. OWNER ONLY PAYS WATER, ABOUT $600.00 PER YEAR. LOW MAINTENANCE. CLOSE TO SANTA MONICA, BRENTWOOD,WEST WOOD, BEL AIR, BEVERLY HILLS. EASY ACCESS TO 10 FREEWAY BY GOING SOUTH ON BUNDY OR THE 45 BY GOING EAST ON SANTA MONICA.SELLER IS DOING A 1031 EXCHANGE AND IS IN ESCROW ON THE UP LEG PROPERTY.
    Exterior Features

    Construction Materials GlassPlasterSteelStucco Fence YN No Fencing None Lot Features Level With StreetLevelNear Public TransitNo Landscaping Lot Size Dimensions 0.088 ACRE Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Roof Rolled/Hot Mop

    Interior Features

    Condo Area Units Square Feet Cooling None Cooling YN No Heating None Heating YN No Laundry Features None Office Square Footage 3845

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type MixedRetail Cap Rate 4.10 Country Us Current Financing None Current Use Comments 4 STORES Effective Gross 102000 Expense Year 2019 Gross Scheduled Income 102000.00 Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 101400.00 Number Of Units Leased 4 Occupancy Occupied Operating Expense 600.00 Property Sub Type Retail Retail Center Type Mixed Use Retail Square Footage 3210 Special Listing Conditions Standard Total Monthly Rent 8500 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 600.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Howard Gunderson of Marian Keith


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T19:30:10.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
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    A|G Amaya Group Real Estate
    27150 Eucalyptus Ave., Suite A
    Moreno Valley CA, 92555