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1307 15th St 11 Unit Apartment Building $5,368,825 CAD ($488,075 CAD/Unit) 4.34% Cap Rate Santa Monica, CA 90404
Investment Highlights
- Great mid-city Santa Monica location!
- Price Reduction!
- Solid Unit Mix!
Executive Summary
Price Reduction! Motivated Seller! 11-Unit Apartment for sale in desirable Santa Monica neighborhood! North of Santa Monica Blvd., across the street from the Santa Monica UCLA Hospital and related medical buildings. Strong unit mix with market rents reported by owner, fully tenant occupied.. Pride of Ownership shows!
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,368,825 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $488,075 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.34% | Building Size | 8,398 SF |
| Gross Rent Multiplier | 14.29 | Average Occupancy | 91% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Zoning | CP, Santa Monica | ||
| Price | $5,368,825 CAD |
| Price Per Unit | $488,075 CAD |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 14.29 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,398 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | CP, Santa Monica |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 1 |
| 1+1 | 6 | - | 1 |
| 2+1 | 3 | - | 1 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4282-017-034 | Total Assessment | $3,486,653 CAD (2025) |
| Land Assessment | $2,117,793 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,368,860 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
4282-017-034
Land Assessment
$2,117,793 CAD (2025)
Improvements Assessment
$1,368,860 CAD (2025)
Total Assessment
$3,486,653 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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1307 15th St
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