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2626 Cloverfield Blvd
Santa Monica, CA 90405
Price Reduced 500k! 10 Units+4 ADUs-6 Vacant · Multifamily Property For Sale
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14 Units
Investment Highlights
- 10 Unit building with 6 vacancies and Plans for 4 ADUs in Prime Santa Monica priced at only 353k/door for 60% vacant units
- Plans to add 4 ADUs including 2 Attached Studio units in Garages (Approved RTI) + 2 detached one bed units in the back parking area (Preliminary)
- Incredible current 5.6% Cap Rate and 13.3 GRM after renovations with upside to 7.2% Cap Rate and 10.9 GRM on the proforma.
Property Facts
| No. Units | 14 | Building Size | 6,945 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1966/2023 |
| Lot Size | 0.14 AC | Parking Ratio | 0.84/1,000 SF |
| Zoning | SMR3* - high density residential | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 6,945 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2023 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | SMR3* - high density residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $2,250 | 450 - 500 |
| 1+1 | 11 | $1,818 | 500 |
Property Taxes
| Parcel Number | 4273-012-016 | Improvements Assessment | $822,436 |
| Land Assessment | $2,122,416 | Total Assessment | $2,944,852 |
Property Taxes
Parcel Number
4273-012-016
Land Assessment
$2,122,416
Improvements Assessment
$822,436
Total Assessment
$2,944,852
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