Log In/Sign Up
2626 Cloverfield Blvd
Santa Monica, CA 90405
Reduced 650k! 12 Units w 10 Renovated 5.8%Cap · Multifamily Property For Sale
·
12 Units
Investment Highlights
- 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1!
- Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs.
- Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma.
- Prelim Plans for 6 additional detached (1bed/1bath) ADUs over the open parking area in the back for future upside.
Property Facts
| No. Units | 12 | Building Size | 5,948 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 | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 5,948 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 | 1 | - | 450 |
| 1+1 | 11 | - | 500 - 700 |
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
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
