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    2638 4th St

    Santa Monica, CA 90405
    • $2,675,000
    • STATUS: Active
    • ON SITE: 52 days
    • MLS #: 21-706740
    UPDATED: 113 min ago
    $2,675,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,982
      SQFT
    • $537
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/115199026
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    2638 4th St Santa Monica, CA 90405

    • Price: $2,675,000
    • Status: Active
    • Updated: 113 min ago
    • MLS #: 21-706740
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,982
    SQFT
    $537
    $/SQFT
    1951
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    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

    Carport Spaces Total 0 Covered Parking 0 Cross Streets 4th St And Ocean Park Blvd Direction Faces West Garage Structures Total 1 Levels Ground LevelTop Level Lot Size Area 7154 Other Structures None Parking Garage DrivewayGaragePrivate Garage Patio Features PorchPatio Open Roof CompositionShingle Style Traditional Total Parking 7 View Description OceanCity Lights View YN Yes Water Frontage None

    Interior Features

    Baths Total 6.00 Common Walls Attached Cooling None Equipment Built-InsOther Flooring HardwoodCarpet Heating Wall Laundry Community Water Heater Features Gas

    Property Features

    Alley YN No Assessed Total Value 188034 Entry Floor Number 1 Gross Income 168972 Gross Operating Income 165593 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 2 Net Operating Income 105008.00 Number Of Buildings 2 Number Of Units 6 Owner Pays Water Rent Control YN Yes Sale Type Standard Security Features None Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays GasElectricity Total Annual Expense 60585 Type Of Units Apartment Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smop2*

    Listing provided courtesy of David Schuchman DRE#01472937 of Roque & Mark Company, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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