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2615 2nd St
Santa Monica, CA 90405
Almost Turnkey 7-unit 2 blocks from beach · Multifamily Property For Sale
·
7 Units
Investment Highlights
- ALMOST TURNKEY apartment in a Class A Location, 2 blocks from the beach and 1 block from shopping and dining on Main Street
- Walk Score of 98, Bike Score 86; Excellent Demographics: AHH Income ±$131,779 within a-mile radius
- Soft-story parking retrofit has been completed; copper plumbing throughout, upgraded electrical, updated sewer line, and double pane windows through
- Almost turnkey condition where major systems have been upgraded and 6 out 7 units have been completely upgraded.
- Very well maintained with excellent curb appeal; A beautifully upgraded apartment 2 blocks from the beach in Santa Monica
- High CAP Rate of ±4.4% for this location and asset quality
Property Facts
| No. Units | 7 | Building Size | 4,696 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2018 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | SMOP2* | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,696 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2018 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | SMOP2* |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Hardwood Floors
- Dining Room
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 4287-010-033 | Improvements Assessment | $816,000 |
| Land Assessment | $2,550,000 | Total Assessment | $3,366,000 |
Property Taxes
Parcel Number
4287-010-033
Land Assessment
$2,550,000
Improvements Assessment
$816,000
Total Assessment
$3,366,000
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