Thank you
Tregg Rustad
Rodeo Realty
310-724-7100
Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry room furnishing extra monthly income. One unit (Unit B, a 1bd, 1ba) will be delivered vacant. The other two units are occupied with solid, but not full market value rents. Gross income with actual rents for the two occupied units and projected rent for the one vacant unit is appx. $116,364/yr (including laundry income). Current operating expenses approx. $7,931/yr (excluding taxes and mortgage). Bonus: Santa Monica triplexes can be exempted from Santa Monica rent control if one unit is owner occupied (buyer to verify with City). A perfect opportunity for an owner who wants to offset the mortgage, or an investor looking for a foothold in a high rent/high quality tenant area of Santa Monica.
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Total Bedrooms : 4
Total Baths: 3
Full Baths: 0
Half Baths: 0
Sewer : Other
Roof : Composition,Shingle
Interior Features: Ceiling Fan(s),Recessed Lighting
Windows: Drapes
Property Appliances: Dishwasher,Disposal,Gas Range,Refrigerator,Vented Exhaust Fan,Dryer,Washer
Fireplace: None
Flooring: Wood
Wall Furnace
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1956
Building Area Total: 2,073
Construction: Stucco
Roof: Composition,Shingle
Raised
None
Common Area,Laundry Room
Covered,Open,Patio
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1027
Lot Size Source: Assessor
Lot Size Square Feet: 4473
Original List Price: 2,099,000
Listing Contract Date: 2024-04-16
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4289002021
Garage Description: Attached Carport,Assigned,Driveway,Garage
Attached Garage: Yes
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Postal Code Plus 4: 1392
Directions: Ocean Park: West of Lincoln Ave; South of Pico Blvd; North of Ocean Park Blvd
Zoning: SMOP2*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 68
Property Condition: Updated/Remodeled
Year Built Source: Assessor
Total Square Feet Living: 2073
Entry Location: Ground Level w/steps
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 |
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 |
2436 20th Street, Santa Monica, CA,90405 | $1,899,000 | 3 | -- | 1,691 | 7164 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 16:57
MLS: 24380145
LISTED BY: Tregg Rustad, Rodeo Realty
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.