Thank you
Jason Carvalho
KW Advisors
310-482-2200
First time on the market in over 36 Years! This triplex was built in 1923 and is located in the well sought after Ocean Park neighborhood of Santa Monica just blocks from Main Street and the beach. The property is the perfect owner-user or developer's dream and is comprised of three units and two individual one car garages. The property offers side by side studio/1 bath apartment units in the front and a stand-alone studio/1 bath apartment in the back. Each unit has its own electric meter. Needs some TLC with tremendous potential. With the ability to obtain market rents in a highly desired neighborhood, this property offers investors or owner-users a great opportunity to acquire a value add asset in a strong rental market.
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Total Bedrooms : 3
Total Baths: 3
Full Baths: 0
Half Baths: 0
Interior Features: Walk-In Closet(s)
None
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1923
Building Area Total: 992
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0578
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 2519
Original List Price: 1,600,000
Listing Contract Date: 2024-02-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4287005005
Garage Description: Private
Attached Garage: Yes
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Postal Code Plus 4: 3707
Directions: North of Ocean Park Blvd, East of Main St and West of Lincoln Blvd
Zoning: SMOP2*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 101
Property Condition: Fixer
Year Built Source: Vendor Enhanced
Total Square Feet Living: 992
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Land, Santa Monica, CA,90405 | $2,250,000 | -- | -- | -- | 5865 Sqft |
2960 Neilson Way #401, Santa Monica, CA,90405 | $2,995,000 | 2 | 2 | 1,290 | 134111 Sqft |
619 Pacific Street, Santa Monica, CA,90405 | $2,250,000 | 2 | -- | 704 | 7451 Sqft |
130 Ocean Park Boulevar.., Santa Monica, CA,90405 | $2,595,000 | 2 | 2 | 1,425 | 196170 Sqft |
2960 Neilson Way #402, Santa Monica, CA,90405 | $2,295,000 | 1 | 1 | 1,168 | 134111 Sqft |
2403 Centinela Avenue, Santa Monica, CA,90405 | $3,990,000 | 11 | -- | 5,337 | 18027 Sqft |
118 Strand Street, Santa Monica, CA,90405 | $4,999,999 | 1 | 1 | 740 | 5930 Sqft |
443 Bay Street, Santa Monica, CA,90405 | $2,875,000 | 13 | -- | 5,532 | 5752 Sqft |
1513 Bay Street, Santa Monica, CA,90405 | $1,999,000 | 3 | 1 | 1,188 | 6595 Sqft |
1413 Ocean Park Bouleva.., Santa Monica, CA,90405 | $1,249,900 | 3 | 2 | 1,408 | 6439 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 00:18
MLS: 24361865
LISTED BY: Jason Carvalho, KW Advisors
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.