$3,598,000 Price Analysis   ♡   Santa Monica, CA 90404 4 bed 2 bath 4,393 SqFt ($819/SqFt) 7,522SqFt lot. Built 1946 Listed 2024-03-14, Taxes $35,168 | Ⓧ USDA Ineligible due to price & location near Santa Monica |
Incredible opportunity to reposition this excellent asset or to redevelop entirely.
Set on an oversized lot of 7, 500sf that measures 50 feet of frontage along Santa Monica Blvd and 150 deep with rear alley access. Highly visible location - Over 30K cars each day drive along Santa Monica Blvd Access to major tech employers, close proximity to Brentwood and West LA, along with all the world class attractions of Santa Monica Three separate buildings on site. Single story building that fronts SM Blvd is comprised of two side by side commercial units (month to month/ appx 1, 500sf), a detached commercial unit with loft (month to month, appx 1, 500sf ) and a rear building that is residential with three units totaling about 1, 470sf (a 2/1, 1/1 and studio).
All residential units on month to month. This property affords the buyer an opportunity to immediately reposition a stabilized asset as all the cmmercial leases are month to month. This works for an owner user or for an investor. Additionally, one can redevelop into a mixed use property and take advantage of density bonuses from the City of SM.
Presented by Victoria A Risko at
The Beverly Hills Estates Inc.
Property MLS #24-367013 from TheMLSCLAW
Full Bathrooms: 2
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7522
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 2532, 2 BathsTotal: 1, 2 SquareFeet: 2450, 3 BathsTotal: 1, 3 SquareFeet: 4000, 4 BedsTotal: 3, 4 BathsTotal: 2, 4 SquareFeet: 4950, 5 SquareFeet: 400
County: Los Angeles
Cap Rate: 3.17
Directions: On Santa Monica Blvd, Between Princeton and Harvard Street
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Parcel Number: 4267-009-022
Postal Code Plus 4: 2488
Zoning: SMC4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $777,346 + $2,117,598 $2,894,944 | $35,168 |
| 2021 | $762,104 + $2,076,077 $2,838,181 | $34,308 |
| 2020 | $754,290 + $2,054,790 $2,809,080 | $34,075 |
| 2019 | $739,500 + $2,014,500 $2,754,000 | $33,738 |
| 2018 | $190,654 + $716,341 $906,995 | $11,358 |
| 2017 | $186,916 + $702,296 $889,212 | $11,299 |
| 2016 | $183,251 + $688,526 $871,777 | $10,901 |
| 2015 | $180,499 + $678,184 $858,683 | $10,758 |
| 2014 | $176,964 + $664,900 $841,864 | $10,624 |
| 2013 | $176,165 + $661,895 $838,060 | $10,561 |
| 2012 | $172,711 + $648,917 $821,628 | $10,326 |
| 2010 | $169,325 + $636,194 $805,519 | $10,071 |
| 2009 | $168,460 + $632,941 $801,401 | $9,845 |
| 2009 | $168,060 + $631,440 $799,500 | $9,845 |
| 2008 | $165,157 + $620,531 $785,688 | $9,635 |
| 2007 | $161,919 + $608,364 $770,283 | $9,506 |
$3,598,000
TheMLSCLAW
Listed 2024-03-14
$3,985,000
TheMLSCLAW
Listing removed 2019-01-18
$0
AppfolioUnits
Sold 2018-04-19
$2,700,000
Public Record
Listed for rent 2018-04-06
$2,495
AppfolioUnits
Listing removed 2018-02-25
$0
AppfolioUnits
Listing removed 2018-02-22
$2,495
AppfolioUnits
Price Changed for rent 2018-02-06
$2,495
AppfolioUnits
Price Changed for rent 2018-02-05
$1,895
AppfolioUnits
Price Changed for rent 2018-02-02
$2,495
AppfolioUnits
Price Changed for rent 2018-02-01
$1,895
AppfolioUnits
Price Changed for rent 2018-01-31
$2,495
AppfolioUnits
Price Changed for rent 2018-01-28
$1,895
AppfolioUnits
Price Changed for rent 2018-01-26
$2,495
AppfolioUnits
Price Changed for rent 2018-01-22
$1,895
AppfolioUnits
Price Changed for rent 2018-01-19
$2,495
AppfolioUnits
Price Changed for rent 2018-01-18
$1,995
AppfolioUnits
Price Changed for rent 2018-01-15
$2,595
AppfolioUnits
Price Changed for rent 2018-01-14
$1,995
AppfolioUnits
Price Changed for rent 2018-01-12
$2,595
AppfolioUnits
Price Changed for rent 2018-01-10
$1,995
AppfolioUnits
Price Changed for rent 2018-01-05
$2,595
AppfolioUnits
Listed for rent 2017-11-17
$2,695
AppfolioUnits
Listing removed 2017-07-08
$1,295
AppfolioUnits
Listed for rent 2017-06-28
$1,295
AppfolioUnits
Listing removed 2016-10-18
$2,400
AppfolioUnits
Listed for rent 2016-08-27
$2,400
AppfolioUnits
Listing removed 2016-03-02
$2,395
AppfolioUnits
Listed for rent 2016-02-12
$2,395
AppfolioUnits
Year Built: 1946
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 78
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  | ||
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.