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937-943 2nd St
Santa Monica, CA 90403
$1,600,000 Price Reduction! A+++ Location! · Multifamily Property For Sale
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20 Units
Investment Highlights
- Incredible $1,600,000 PRICE REDUCTION! Incredible Santa Monica Location One Block Away from Montana Avenue and the Ocean
- Significant Rental Upside (Current Rent Per SF of Only $2.97)
- Two 10 Unit Properties Each with its Own APN (No On-site Manager Requirement)
- PRICED $755,000 LESS THAN SELLER PAID IN 2015: SELLER PAID $8,350,000
- Ample Parking
- 9.57 GIM and 7.93 CAP Rate at Market Rents
Property Facts
| No. Units | 20 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 14,544 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1955 |
| Zoning | R4 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 14,544 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | R4 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $2,411 | 600 - 650 |
| 2+1 | 4 | $2,025 | 800 - 900 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,880,000 | |
| Land Assessment | $5,630,000 | Total Assessment | $7,510,000 |
Property Taxes
Parcel Numbers
Land Assessment
$5,630,000
Improvements Assessment
$1,880,000
Total Assessment
$7,510,000
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