2602 3rd Street
Santa Monica, CA 90405
MLS #16170932

Income
  • 4units
  • 2,603sq ft
$3,850,000
Est. P&I payment: $14704.39/mo
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Description for 2602 3rd Street, Santa Monica, CA 90405
Once in a Lifetime opportunity to capture a beautiful- Pride of Ownership - 4 unit Trophy -historical property! Located on the most desirable street in Santa Monica! - 2 blocks to THE BEACH, steps to MAIN Street! Architectural Craftsman details abound! Front house features 2 bedrooms, 1 bath, fireplace, updated kitchen, delightful front yard, & private porch! Third and fourth units are TWO SEPARATE- Charming Craftsman houses, 244 Beach Street and 250 Beach Street. Each 1 bedroom , 1 bath, updated kitchen, storybook front porches & private decks! Three units have washer & Dryer's! Rare- mature plant species frame the huge 6,472, s.f. lot (per assessor)! Endless possibilities to create a family compound- live in the main house with income! All reasonable offers considered. Parking for 4 cars, Please do not disturb tenants, inside shown with an accepted offer Only! Sold AS-IS! Square footage is not guaranteed , buyer to investigate.
MLS #16170932
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My Notes for MLS #16170932

General Features

  • Number Of Buildings: 3
  • Number Of Units Total: 4
  • Year Built: 1910
  • Zoning: SMOP2*
  • Improvements Amount: 52,967
  • Land Value: 392,564
  • Land Value Percent: 88.11

Exterior Features

  • Lot Size Dimensions: A.0.1486
  • Lot Size SqFt: 6,472
  • Lot Size Units: Square Feet
  • Garage Spaces: 1
  • Parking YN: 1
  • Parking Features: Driveway
  • Parking Total: 1

Utility Features

  • Cooling: None
  • Laundry YN: 1
  • Laundry Features: Dryer Included
  • Utilities: Cable Available
  • Appliances YN: 1
  • Appliances: Dishwasher

Financial Features

  • Net Operating Income: 92,643
  • Price Per SqFt: 1,479.06
  • Total Expenses: 10,653
  • Gross Multiplier: 48
  • Gross Operating Income: 92,643

Miscellaneous Features

  • Building Area Total: 2,603
  • Days On Market: 457
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 457

Location

 
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Directions to 2602 3rd Street, Santa Monica, CA 90405
South of Ocean Park, corner of 3rd St and Beach St. 2 blocks to THE BEACH, 1/8 block to Main Street!
Listing information for 2602 3rd Street, Santa Monica, CA 90405 was graciously provided by our friends at the listing brokerage, Berkshire Hathaway HomeService and by listing agent Brooks Ian DRE# 00954065

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P&I Payment $14704.39
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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