Address
2615 2nd Street Santa Monica, CA
Price
$ 4,500,000
Property Attributes
  • MLS#AR20133646
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90405
  • Style
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4696
  • Lot Size6,486 SqFt
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

2615 2nd St, Santa Monica; a semi-upgraded 7-unit apartment property 2 blocks from the beach. The property is in the Ocean Park area, just a block from Main Street. Within blocks from the beach and stores along Main Street, this property has an extremely high walk score of 96 and bike score of 90. It is located in a super demographics region of ±$131,779 average household income within a mile radius. It offers high CAP Rate of close to 4% and a very attractive proforma CAP Rate of close to 5%. An astute operator that can self-manage the property will realize higher than 4% CAP Rate on year-1. The property is an attractive 2-story modern, mid-century apartment that was built in 1962. It has a total of ±4,696 square feet building size and is situated on a ±6,487 square feet lot. The property has been upgraded extensively and its soft-story parking has been seismically retrofitted. It has new plumbing, new sewer line, and new electrical. In addition, the property has a security camera system installed. The property offers six (6) 1bedroom+1bathroom and one (1) 2bedroom+2bathroom units. There are 7 assigned parking spaces (5 carports + 2 open). All units (except #1) have been completely upgraded with modern upgrades which include new kitchen countertops, new kitchen cabinets, new flooring, newly tiled bathroom, mirrored closet doors, and in-unit washer/dryer.

Price History
7/8/2020 Listed $4,500,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Carport Spaces 4.00
Community Features Biking
Directions southeast side of Ocean Park blvd and 2nd St, one block north of Main St
Garage Spaces 0.00
HOA Fee 0.00
Levels Two
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area C14 - Santa Monica
Parking Features Assigned
Pool Features None
Price Per Square Foot 958.26
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 7
Zoning SMOP2*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Dishwasher Count 6
Fireplace Features None
Garbage Disposal Count 7
Laundry Features Dryer Included, Gas & Electric Dryer Hookup, In Kitchen, Washer Hookup, Washer Included
Laundry Y/N Yes
Number of Wall ACs 7
Range Count 7
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 4696.00
Lot Features Lot 6500-9999
Lot Size Acres 0.1489
Lot Size Area 6488.0000
Lot Size Source Assessor
Lot Size Square Feet 6488.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 7.00
Uncovered Spaces 3.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90405

Price
AVG $2.59M
$4.5M
Visits
AVG 40
76
Year Built
AVG 1950
1962
Walkscore
AVG 86
96
Data Provided by Walkscore ® not using MLS data

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