12.5 GRM with Maximum Allowable Rents (MARs) in place! Rents and Gross income, listed below, are with MARs. First time on the market! Great value-add opportunity on this 10 unit property. Current rents are 15% below the City of Santa Monica MARs. Raise the rents with proper notice to the tenants (Buyer to confirm with Santa Monica Rent Control). Gross Annual Income using MARs is $280,556 (12.5 X gross). Gross Annual Income using current rents is $237,884. See current Rent Roll and MAR rent roll (see documents tab). There are (6) 2 bedrooms/2 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. The 2 front 2 bedrooms/2 bathroom units are split level with high ceilings. Good long term upside in rents. Close to restaurants and shopping in sunny Santa Monica! Seller provided a soft-story retrofit proposal (see documents tab) Inside with an accepted offer. Please do not disturb tenants. Please text for the quickest response. Voicemail and email also answered promptly. Thank you for your interest!
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1967
Stories: 2
Living Area: 8,498 SqFt
Listing Office:
Office Name: Berkshire Hathaway HomeServices California Properties
Office Phone: (310) 207-7080
Listing Agent: David Putnam
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 16
Exterior Features
Exterior Information:
View: Park
Parking Information:
Parking: Covered, Carport, Door-Multi, Garage
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: None
Other
Directions Information:
Directions: Between Santa Monica Blvd and Broadway
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Price Per SqFt: $412/SqFt
Tax Information:
Annual Amount: $5,741
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $1.6M more than the Median Sold Price and $694/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24458595
Listing Office:
Office Name: Berkshire Hathaway HomeServices California Properties
Office Phone: (310) 207-7080
Listing Agent: David Putnam
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.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,741
$334,086
2020
$5,637
$330,661
2019
$5,277
$324,178
2018
$5,198
$317,823
2017
$5,198
$311,592
History based on county public records data.
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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
7
/10
McKinley Elementary School
2401 Santa Monica Blvd
Distance between this listing and this school0.76 miles
Public District Grades KG-5
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school1.00 miles
Public District Grades KG-5
6
/10
Will Rogers Learning Community
2401 14th St
Distance between this listing and this school1.09 miles
Public District Grades KG-5
Nearby Schools
8
/10
Lincoln Middle School
1501 CA Ave
Distance between this listing and this school0.51 miles
Public District Grades 6-8
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school1.11 miles
Public District Grades 6-8
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school1.25 miles
Public District Grades KG-8
Nearby Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.81 miles
Public District Grades 9-12
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school1.23 miles
Public District Grades 9-12
7
/10
New West Charter
1905 Armacost Ave
Distance between this listing and this school1.91 miles
The neighbors living near this home have an average income of $43,793. Typical income of Santa Monica, CA residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1438 14th St
What is the listing price of this property?
The listing price of 1438 14th St property is $3,500,000.
What type of property is this?
The property 1438 14th St is a house located in Santa Monica, California, 90404.
Is this property for sale now?
Active Listing: 1438 14th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,741 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1438 14th St has 16 bedrooms and 16 bathrooms.
What is the square footage of this property?
The property 1438 14th St is 8,498 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1438 14th St is 1967.
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This home is located at 1438 14th St in Santa Monica, CA and zip code 90404 in the Pico neighborhood. This 8,498 square foot home, which was built in 1967, sits on a 0.17 acre lot. Features: 16 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $3,500,000.
Over 12 listings were sold over their listed price in November 2024 in Santa Monica, CA. In the same period over 24 listings were sold below the listed price and 3 listings were sold for the listed price. The number of listings in Santa Monica, CA decreased by 4.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 33 days, the median list price was $1,898,147.
From Rocket Homes Real Estate and based on county public records data.
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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