StatusAccepting Backup Offers (Active Under Contract)
About 1427 15th St
RECEIVERSHIP SALE! Hearing Date: February 13, 2025 @ 8:30 AM. Final deadline for overbid offers January 31, 2025. We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $832 for 1 bedroom units and $988 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. The top floor 3 bed 2 bath "owner's unit" which offers incredible amazing city views from the balcony is PERFECT FOR AN OWNER/USER. The property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. There is potential to convert the two-car garages into market-rate ADUs (Buyer to verify with the city). In total there are 7 vacant units (4 rent ready and 3 gutted units). Santa Monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. The mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's robust rental market. NOTE: Property sale is subject to court confirmation including a 60-day appeal period and may be subject to overbid. As such, Seller cannot guarantee a particular sale date.
Property Details
Property Features
Property Information:
Year Built: 1968
Stories: 2
Living Area: 8,623 SqFt
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Benjamin J. Hsiang
Interior Features
Interior Information:
Appliances: Refrigerator, Dryer, Washer
Bedroom and Bathroom Information:
Total Bedroom Count: 18
Exterior Features
Parking Information:
Parking: Covered
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Other
Directions Information:
Directions: West on Santa Monica Blvd and South on 15th St
Price Information
Listing Price Info
Price Summary:
List Price: $1,900,000
Price Per SqFt: $220/SqFt
Tax Information:
Annual Amount: $53,511
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Ana, CA.
This property is $1.0M more than the Median Sold Price and $389/SqFt less than other homes in Santa Ana, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24451475
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Benjamin J. Hsiang
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
John Muir Fundamental Elementary School
1951 Mabury St
Distance between this listing and this school0.52 miles
Public District Grades KG-5
5
/10
Davis Elementary School
1405 French St
Distance between this listing and this school0.82 miles
Public District Grades KG-5
3
/10
Garfield Elementary School
850 Brown St
Distance between this listing and this school0.86 miles
Public District Grades KG-5
Nearby Schools
2
/10
Sierra Preparatory Academy
2021 N Grand Ave
Distance between this listing and this school0.31 miles
Public District Grades 6-8
3
/10
Raymond A. Villa Fundamental Intermediate School
1441 E Chestnut Ave
Distance between this listing and this school1.01 miles
Public District Grades 6-8
5
/10
Orange County Educational Arts Academy
825 N Broadway
Distance between this listing and this school1.20 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Ednovate - Legacy College Preparatory
1500 E 17th St
Distance between this listing and this school0.17 miles
Public Charter Grades 9-12
4
/10
Citrus Springs Charter
2121 N Grand Ave
Distance between this listing and this school0.48 miles
Public Charter Grades KG-12
9
/10
Ocsa
1010 N Main St
Distance between this listing and this school1.11 miles
The neighbors living near this home have an average income of $63,587. The most common annual income of people living in Santa Ana, CA is less than $35k. The majority of families are married, with kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1427 15th St
What is the listing price of this property?
The listing price of 1427 15th St property is $1,900,000.
What type of property is this?
The property 1427 15th St is a house located in Santa Monica, California, 90404.
Is this property for sale now?
Accepting Backup Offers: 1427 15th St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $53,511 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 24, 2015 for $4,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1427 15th St has 18 bedrooms and 13 bathrooms.
What is the square footage of this property?
The property 1427 15th St is 8,623 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1427 15th St is 1968.
This home is located at 1427 15th St in Santa Monica, CA and zip code 90404 in the Marbury Park neighborhood. This 8,623 square foot home, which was built in 1968, sits on a 0.17 acre lot. Features: 18 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $1,900,000.
While more than 32 listings in Santa Ana, CA in December 2024 were sold above asking price, there were more than 15 listings sold at asking price, and more than 36 were sold below. In December 2024 in Santa Ana, CA there were 11% less homes for sale than in November 2024. Listings spent 27 days on the market in December 2024, and had a median list price of $879,999 during the same period.
From Rocket Homes Real Estate and based on county public records data.