$3595000 Price Analysis   ♡   Santa Monica, CA 90401 8 bed 8 bath 5443 SqFt ($660/SqFt) 7499SqFt lot. Built 1960 Listed 2024-05-01, Taxes $4705 | Ⓧ USDA Ineligible due to price & location near Santa Monica |
Perfect Owner/Occupy Opportunity in Prime Santa Monica location Unit A was Recently leased for $2
850 and Unit B for $2, 895. This showcases the income potential of this property. Unit 2 in the duplex is vacant, ideal for an owner-occupier. The seller is flexible and may offer up to 80% LTV financing to facilitate a deal for the right Buyer. 5.54% Cap rate when fully occupied and a 13.29 GRM, this property is attractively priced. Sold together on two separate parcels, the front duplex features two 2-bed, 2-bath townhouses, each 1, 600 SF, with in-unit laundry, fireplaces and private patios. The rear fourplex comprises four updated 1-be d, 1-bath units, two at 500 SF and two at 625 SF, all with hardwood floors, separate bedrooms and kitchens and in-unit washers and dryers. Parking includes four garags and one carport, previously rented separately for extra income, currently vacant with plans for an ADU conversion underway. Ample street parking and a locked gate ensure convenience and security. Drive by to view, please respect tenant privacy. Don't miss out on this opportunity, encompassing APNs 4282-032-027 and 028!
PLEASE CONTACT US FOR AN OM
Presented by Peter Ciriello at
LA Commercial.
Property MLS #24-385721 from TheMLSCLAW
Full Bathrooms: 8
Garage Spaces: 4
Garage Description: Carport, Garage
Parking Total: 5
Lot Size Square Feet: 7499
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 11000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 5800, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 5800
County: Los Angeles
Cap Rate: 5.54
Directions: 12th Street, between Colorado and Broadway
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Owner Pays: Gardener, Water
Parcel Number: 4282-032-027
Postal Code Plus 4: 3015
Zoning: SMBCD
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $102875 + $233280 $336155 | $4705 |
| 2021 | $100858 + $228706 $329564 | $4551 |
| 2020 | $99824 + $226361 $326185 | $4516 |
| 2019 | $97867 + $221923 $319790 | $4462 |
| 2018 | $95949 + $217572 $313521 | $4176 |
| 2017 | $94068 + $213306 $307374 | $4146 |
| 2016 | $92224 + $209124 $301348 | $3978 |
| 2015 | $90839 + $205983 $296822 | $3923 |
| 2014 | $89060 + $201949 $291009 | $3886 |
| 2013 | $88658 + $201037 $289695 | $3859 |
| 2012 | $86920 + $197096 $284016 | $3774 |
| 2010 | $85216 + $193232 $278448 | $3676 |
| 2009 | $84781 + $192244 $277025 | $3588 |
| 2009 | $84580 + $191788 $276368 | $3588 |
| 2008 | $83119 + $188475 $271594 | $3516 |
| 2007 | $81490 + $184780 $266270 | $3460 |
$4500
TheMLSCLAW
Listed 2024-05-01
$3595000
TheMLSCLAW
Price Changed for rent 2024-04-07
$4500
TheMLSCLAW
Price Changed for rent 2024-02-20
$5200
TheMLSCLAW
Listed for rent 2024-02-06
$5500
TheMLSCLAW
Listing removed 2019-09-10
$0
TheMLSCLAW
Price Changed 2019-07-11
$2350000
TheMLSCLAW
Price Changed 2019-04-29
$2050000
TheMLSCLAW
Listed 2019-04-17
$1925000
TheMLSCLAW
Listing removed 2008-10-09
$1499000
ITECH
Listed 2007-10-10
$1499000
ITECH
Listing removed 2002-03-01
$2630
ITECH
Listed for rent 2002-01-21
$2630
ITECH
Listing removed 2000-02-01
$2495
ITECH
Listing removed 2000-02-01
$2750
ITECH
Listed for rent 2000-01-09
$2495
ITECH
Listed for rent 1999-12-27
$2750
ITECH
Listing removed 1999-09-24
$600000
ITECH
Listed 1999-07-23
$600000
ITECH
Sold 1991-12-23
$350000
Public Record
Year Built: 1960
Levels: Two Level
Property Age: 64
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.