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828 Hill St 3 Unit Apartment Building $1,995,000 ($665,000/Unit) 4.85% Cap Rate Santa Monica, CA 90405
Investment Highlights
- Perfect Owner/User
- All 3 Units Delivered Vacant
Executive Summary
Trophy Owner/User in beautifully remodeled 3 unit compound in Sunset Park, walking distance to Main st, Santa Monica and the Beach. All units delivered vacant perfect for those seeking a SFR plus guest house or office. Income of $130,800 yearly and now at a 4.85 cap rate. This triplex offers a front 2 bedroom/ 1 bath house delivered vacant with large private garden in the front for entertaining. Hard wood floors, new quartz counters, a two car garage overlooking a front manicured garden and 2 one bedroom/1 bath cottages in rear of property with vaulted ceilings and private patio area. All units boast open concept kitchens featuring stone counters and stainless appliances, state-of-the art baths trimmed in tasteful finishes, and separate laundry facilities. Situated 8 blocks from the beach and only minutes to Main Street and Abbott Kinney. Upside in market rents to a $130,800 per year and amazing owner/user with all units delivered vacant.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,995,000 | Property Type | Multifamily |
| Price Per Unit | $665,000 | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.85% | Building Size | 1,796 SF |
| Gross Rent Multiplier | 15.25 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1951 |
| Zoning | R2 - Two-Family Dwellings | ||
| Price | $1,995,000 |
| Price Per Unit | $665,000 |
| Sale Type | Investment |
| Cap Rate | 4.85% |
| Gross Rent Multiplier | 15.25 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.14 AC |
| Building Size | 1,796 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Zoning | R2 - Two-Family Dwellings |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,300 | 600 |
| 2+1 | 1 | $5,700 | 1,200 |
| 1+1 | 1 | $2,900 | 600 |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4285-012-007 | Total Assessment | $1,952,074 |
| Land Assessment | $1,183,794 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $768,280 | Tax Year | 2025 |
Property Taxes
Parcel Number
4285-012-007
Land Assessment
$1,183,794
Improvements Assessment
$768,280
Total Assessment
$1,952,074
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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828 Hill St
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