1417 17th St

Kidder Mathews is pleased to present the opportunity to acquire, 1417 17th Street, an immaculate newly constructed home with 5 bedrooms and 4 baths located in the highly coveted city of Santa Monica, CA. In addition to the brand new modern-luxury home, this offering comes with a detached income producing 5-unit multifamily building situated on the back of the large 7,493 square foot lot. Rarely does this type of property become available in one of the most desirable neighborhoods in Southern California. This rare opportunity appeals to both investors and owner/users who are looking to acquire a one-of-a-kind asset in one of the most desirable neighborhoods in Los Angeles. The brand new, modern home is a striking two-story structure featuring designer finishes throughout. The expansive chef’s kitchen is equipped with Viking appliances, a large center island, Carrera countertops, and custom cabinetry. Additional features include hardwood flooring, a stackable washer and dryer, and central air conditioning and heat with separate controls for the first and second floor. Additionally, bathroom features include custom cabinetry, Carrera marble, modern fixtures, and mosaic tile finishes. The property also comes equipped with a camera system, intercom and app-controlled garage door access. In addition to the single-family home, situated at the back of this oversized, is a multifamily building with five 1 bedroom 1 bath units. One of the five units has been renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, new base moldings, and an in-unit washer/dryer. There is also a communal laundry area on-site for the remaining units, along with five assigned parking spaces. Apartment building upgrades include a new roof, new exterior paint and new landscaping. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside. The Property is located in prime Santa Monica, one of the most sought-after neighborhoods in California, known for its exceptional amenities and beautiful beaches. The Property is in an amenity rich location surrounded by countless restaurants, shops, entertainment venues, and outdoor activities. Additional nearby attractions include the world-famous Santa Monica Pier, the Third Street Promenade and beaches in Santa Monica, Venice and Malibu. The property also offers convenient access to major employment centers, public transit, and the I-10 and 405 Freeways. 1417 17th Street offers both investors and homeowners the rare opportunity to acquire a newly constructed modern-luxury home and five multifamily units with significant rental upside.