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    2638 4th Street

    Santa Monica, CA 90405
    • $2,675,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 21706740
    UPDATED: 79 min ago
    $2,675,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,982
      SQFT
    • $537
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    3.9% CAP rate in Santa Monica! Sitting atop a hill just 2 blocks from Main Street and 4 blocks from Santa Monica beach, this 6 unit building features sweeping ocean views from two units and a huge, west facing common area patio. Soft story retrofitting is NOT required. Dual pane windows throughout. Excellent unit mix consisting of (4) 1 bedroom + 1 bath, and (2) 2 bedroom + 1 bath. All units are larger than similar units in the area. Five individual parking garages with two additional surface parking spaces. Several units were recently upgraded with new floors, plumbing, fixtures, etc. One 2+1 unit will be delivered vacant. Property is subject to City of Santa Monica rent control. Inside with accepted offer only.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T14:37:18.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/115197767
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    2638 4th Street Santa Monica, CA 90405

    • Price: $2,675,000
    • Status: Active
    • Updated: 79 min ago
    • ID#: 21706740
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,982
    SQFT
    $537
    $/SQFT
    1951
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    3.9% CAP rate in Santa Monica! Sitting atop a hill just 2 blocks from Main Street and 4 blocks from Santa Monica beach, this 6 unit building features sweeping ocean views from two units and a huge, west facing common area patio. Soft story retrofitting is NOT required. Dual pane windows throughout. Excellent unit mix consisting of (4) 1 bedroom + 1 bath, and (2) 2 bedroom + 1 bath. All units are larger than similar units in the area. Five individual parking garages with two additional surface parking spaces. Several units were recently upgraded with new floors, plumbing, fixtures, etc. One 2+1 unit will be delivered vacant. Property is subject to City of Santa Monica rent control. Inside with accepted offer only.
    Exterior Features

    Architectural Style Traditional Carport Spaces 0 Direction Faces West Parking Features DrivewayGaragePrivate Parking Total 5 Roof CompositionShingle View City LightsOcean View YN Yes

    Interior Features

    Cooling None Cooling YN No Flooring CarpetWood Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Garage YN Yes Gross Income 168972 Gross Scheduled Income 168972 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 105008 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Smop2*

    Listing provided courtesy of David Schuchman of Roque & Mark Company, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T14:37:18.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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    Encinitas CA, 92024