ActiveResidential · sale

Address withheld

Santa Monica, CA 90404

$675,000

  • 2 beds
  • 1 baths
  • 847 sq ft
  • 0.21 acres
  • Built 1948

Listed by Compass · MLS #26104645

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

Address withheld, Santa Monica, CA 90404 — photo 1 View full photo
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PROPERTY QUESTIONS & SHOWINGS

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Address withheld, Santa Monica, CA 90404 · MLS #26104645

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Relax in the light-filled living room while your dinner simmers in the updated kitchen featuring granite counters, a new Bosch dishwasher and an LG French door fridge and then enjoy your meal in the adjoining dining area.

Details worth a look

1518 Yale is adjacent to Water Garden, Colorado Center and other office complexes used by Silicon Beach tenants such as Oracle and Hulu and close to the public park at Colorado Center featuring two tennis courts, a basketball court, playground, fitness club and restaurant.

Year built

Built in 1948.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Looking for bright, top-floor coastal living? Welcome to 1518 Yale Street #6, a sun-drenched condominium tucked away in one of Santa Monica's most accessible and vibrant neighborhoods. Situated on the uppermost story of an intimate multi-unit building, this home offers privacy, quiet, and refreshing breezes throughout the day. Relax in the light-filled living room while your dinner simmers in the updated kitchen featuring granite counters, a new Bosch dishwasher and an LG French door fridge and then enjoy your meal in the adjoining dining area. The two bedrooms are next to the updated bathroom with Jacuzzi bath and shower; one of the bedrooms includes an attic space for additional storage. Newer double-paned windows provide sound reduction and energy efficiency throughout the condo. One space in a two car garage comes with the unit and city permits for street parking are available. Pets are allowed and the HOA dues are modest. New window air conditioner included in a sale. Community laundry. 1518 Yale is adjacent to Water Garden, Colorado Center and other office complexes used by Silicon Beach tenants such as Oracle and Hulu and close to the public park at Colorado Center featuring two tennis courts, a basketball court, playground, fitness club and restaurant. Bergamot Arts Center and the Metro Expo stop are also nearby. Minutes from the Expo Metro line (26th St/Bergamot Station) and direct access to the I-10. Unit #5, the one bedroom condo next door, is also for sale and the two properties can be conjoined to create a three bedroom home. Please note some photos are virtually staged with furniture as the unit is vacant. Easy to show, so don't miss the chance to call this delightful condo your own.
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THE NEIGHBORHOOD

Explore the location.

Address withheld, Santa Monica, CA 90404

Map coordinates are not available for this property.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1948
Full baths
1
Half baths
0
Garage spaces
1
Appliances
Dishwasher,Disposal,Microwave,Refrigerator
Flooring
Wood
Pool
No
Pool features
None
Zoning
SMR2*
HOA fee frequency
Monthly
HOA fee
$207.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$2,812.50
Cap rate—

Annual operating income: —

HOA: Includes $207.00 per month in HOA dues, converted from the $207.00 monthly fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Stone-front home with a landscaped lawn and central entry
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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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Listing information

MLS #26104645 · California Regional MLS

Listing brokerage: Compass
Listing agent: Ted Winterer

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.