2103 3rd St | Santa Monica, CA 90405
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- LoopNet Team
2103 3rd St
Santa Monica, CA 90405
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Huge Value-Add 16-Unit with Market CAP at nearly a 6% CAP
- Great unit mix consisting of (4) 2Bed+2Bath, (9) 1Bed+1Bath & (3) Studio Units
- 20 parking spots for all tenants, as well as ample street parking
- 7 Units will be delivered vacant, offering immediate upside once rented out!
- One of Santa Monica's most unique architectural assets
- A+ Location, Just a couple of blocks from the beach; Some units have ocean views!
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 12,321 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1905 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Zoning | SMOP2* | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 12,321 SF |
| No. Stories | 4 |
| Year Built | 1905 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | SMOP2* |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 1+1 | 9 | - | - |
| Studios | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 4289-013-017 | Improvements Assessment | $3,077,503 |
| Land Assessment | $3,501,986 | Total Assessment | $6,579,489 |
PROPERTY TAXES
Parcel Number
4289-013-017
Land Assessment
$3,501,986
Improvements Assessment
$3,077,503
Total Assessment
$6,579,489
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