2602 3rd St | Santa Monica, CA 90405
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- LoopNet Team
2602 3rd St
Santa Monica, CA 90405
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Tax basis with Mills Act designation, providing a .25% tax basis rather than 1.25% of purchase price / property can also be TIC!!
- Steps to Main Street, 2 blocks to THE BEACH!
- Property can be TIC,( Tenants in Common Community) and each bungalow sold individually!
PROPERTY FACTS
| No. Units | 4 | Building Size | 4,103 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1906/2020 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | SMOP2* - Ocean Park Low Density Residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,103 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1906/2020 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | SMOP2* - Ocean Park Low Density Residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Ceiling Fans
- Built-In Bookshelves
- Deck
- Dining Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,887 | 850 |
| 1+1 | 2 | $3,861 | 550 |
| Studios | 1 | $1,451 | 475 |
PROPERTY TAXES
| Parcel Number | 4287-010-022 | Improvements Assessment | $923,250 |
| Land Assessment | $2,154,252 | Total Assessment | $3,077,502 |
PROPERTY TAXES
Parcel Number
4287-010-022
Land Assessment
$2,154,252
Improvements Assessment
$923,250
Total Assessment
$3,077,502
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