$2,150,000 Price Analysis   ♡   Santa Monica, CA 90404 5 bed 3 bath 2,114 SqFt ($1017/SqFt) 7,523SqFt lot. Built 1944 Listed 2024-03-23, Taxes $1,768 | Ⓧ USDA Ineligible due to price & location near Santa Monica |
Welcome to this duplex opportunity with fantastic upside located in highly coveted Santa Monica.
Both units are vacant, this property presents a lucrative opportunity for investors seeking a rewarding project with substantial potential. The duplex comprises two distinct units: 2-bedroom, 1-bathroom front unit and a open 3-bedroom, 2-bathroom rear unit. Perfectly suited for customization, both units offer the canvas for a personalized touch and renovation, making it an ideal investment for those with a vision for transformation. Situated on a generous 7, 521 sq foot lot, the property features a sizable yard, providing ample space for potential expansion (verify with the city for a potential ADU build).
Additionally, at the rear of the lot, convenient 2-car garage awaits, offering flexibility for storage or potential division. The property benefits from a recently installed front fence and new garage doors, adding to its curb appeal and functionality. While renovation work is needed, the property boasts the advantage of conversion to a single-family residence. Conveniently located within close proximity to the metro E line. This prime location grants easy access to a myriad of attractions including 3rd St Promenade, Sunset/Ocean Park, Santa Monica Pier and Beach, highly rated Santa Monica Unified School District and the 10 Freeway!
Presented by Gregory Eubanks at
Redfin Corporation.
Property MLS #SB24054923 from CRMLS
Lot Size Acres: 0.1727043
Lot Size Source: Assessor
Lot Size Square Feet: 7523
Parking Total: 1
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 1
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 7500.00
Area: C14 - Santa Monica
Source Neighborhood: C14 - Santa Monica
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 4282035008
Pest Control Expense: 1200.00
Postal Code Plus 4: 3309
Trash Expense: 2500.00
Zoning: SMR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $28,850 + $48,252 $77,102 | $1,768 |
| 2021 | $28,285 + $47,306 $75,591 | $1,687 |
| 2020 | $27,995 + $46,821 $74,816 | $1,671 |
| 2019 | $27,447 + $45,903 $73,350 | $1,644 |
| 2018 | $26,909 + $45,003 $71,912 | $1,477 |
| 2017 | $26,382 + $44,121 $70,503 | $1,455 |
| 2016 | $25,865 + $43,256 $69,121 | $1,386 |
| 2015 | $25,477 + $42,607 $68,084 | $1,364 |
| 2014 | $24,978 + $41,773 $66,751 | $1,370 |
| 2013 | $24,866 + $41,585 $66,451 | $1,357 |
| 2012 | $24,379 + $40,770 $65,149 | $1,329 |
| 2010 | $23,901 + $39,971 $63,872 | $1,292 |
| 2009 | $23,780 + $39,768 $63,548 | $1,259 |
| 2009 | $23,723 + $39,673 $63,396 | $1,259 |
| 2008 | $23,314 + $38,989 $62,303 | $1,243 |
| 2007 | $22,857 + $38,225 $61,082 | $1,216 |
$2,150,000
CRMLS
Listing removed 2024-01-02
$0
TheMLSCLAW
Price Changed 2023-10-13
$2,000,000
TheMLSCLAW
Price Changed 2023-08-09
$2,250,000
TheMLSCLAW
Listed 2023-06-19
$2,350,000
TheMLSCLAW
Sold 2023-01-11
$2,150,000
Public Record
Year Built: 1944
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 80
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Public Records
Water Source: Public
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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.