1052-1058 3rd St | Santa Monica, CA 90403
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1052-1058 3rd St
Santa Monica, CA 90403
231 California Ave. Santa Monica, CA 90403 · Multifamily Property For Sale
·
5 Units
Investment Highlights
- 39% Rental Upside - Strong value-add potential in a high-demand submarket
- Separately Metered - Tenants pay their own gas and electric
- SB721 Com pliant - Balcony inspection passed in 2023
- ADU Potential - Convert two existing garages for additional income
- Upgraded Systems - New plumbing (2024) and electric (2019)
- 1 Unit Delivered Vacant
Property Facts
| No. Units | 5 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 6,866 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | ||
| Zoning | SMR4YY - Multiple Dwelling | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,866 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | SMR4YY - Multiple Dwelling |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,294 | - |
| 2+1 | 2 | $2,701 | - |
| 2+1.5 | 1 | $3,695 | - |
Property Taxes
| Parcel Number | 4292-022-009 | Improvements Assessment | $79,158 |
| Land Assessment | $133,833 | Total Assessment | $212,991 |
Property Taxes
Parcel Number
4292-022-009
Land Assessment
$133,833
Improvements Assessment
$79,158
Total Assessment
$212,991
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