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2626 26th St 4 Unit Apartment Building $1,395,000 ($348,750/Unit) 3.12% Cap Rate Santa Monica, CA 90405
Investment Highlights
- Great VALUE ADD Opportunity
- The property is priced at $566.15 per square foot and $348,750 per unit, with approximately 78% rental upside.
- (4) 1-bedroom/1-bathroom units
- Two detached two-car garages in the rear provide ample parking and excellent potential for ADU conversion or additional income.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,395,000 | Property Subtype | Apartment |
| Price Per Unit | $348,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.12% | Lot Size | 0.18 AC |
| Gross Rent Multiplier | 18.8 | Building Size | 2,464 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Zoning | R1 - restricted Density Multiple Dwelling | ||
| Price | $1,395,000 |
| Price Per Unit | $348,750 |
| Sale Type | Investment |
| Cap Rate | 3.12% |
| Gross Rent Multiplier | 18.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,464 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Zoning | R1 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 4270-011-049 | Total Assessment | $1,287,147 (2025) |
| Land Assessment | $858,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $429,047 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
4270-011-049
Land Assessment
$858,100 (2025)
Improvements Assessment
$429,047 (2025)
Total Assessment
$1,287,147 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2626 26th St
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