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$ 3,195,000
Est. payment | /mo
12 Beds
12 Baths
4,636 SqFt
$ 3,195,000
Est. payment | /mo
12 Beds
12 Baths
4,636 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,636 sqft
Price per Sqft $689
MLS Listing ID 25505533
Bedrooms 12
HOA Y/N No
Year Built 1962
Lot Size 5,370 Sqft
Property Description
See Docs Section for OM. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 2820 3rd St., a six (6) unit apartment property built in 1962. The property is located one parcel north of the corner of Ashland Ave. and 3rd Street, one block east of retail, dining and entertainment on Main Street and three blocks from the Ocean, in a prime part of Santa Monica. Property Description: 2820 3rd St., is a six (6) unit apartment property consisting of one two-story building, constructed of wood frame and stucco in 1962. The unit mix boasts all large 2bed+2bath units. The property totals 4,636 building square feet that sits on a 5,369 square foot lot. PROPERTY DETAILS: The property features all spacious two-bedroom, two-bathroom units of which most have some level of recent renovation. Both bathrooms are inside the bedrooms, a unique dual master bedroom feature making the units ideal for families or roommates. Each unit also features open kitchens and large living areas. Select units boast floor-to-ceiling windows and hardwood flooring throughout, providing an upscale aesthetic. The bottom unit facing 3rd St. enjoys the added benefit of a large, private, fenced-off outdoor patio, an attractive and rare feature for tenants seeking outdoor space. All units are separately metered for electricity and gas and the landlord pays for tenant water/sewer and trash. Parking is provided on site with seven (7) spaces, with some covered by a tuck-under carport. Tenants also have access to six (6) storage lockers in the parking area and laundry is provided on-site in a separate laundry room. Investors may also want to explore the possibility of ADU conversion for the tuck under parking area. Based on retrofit work that was completed by a prior owner back in 1997, the City of Santa Monica has approved the property as in compliance for the soft-story retrofit requirement.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Interior
Fireplace No
Exterior
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4287023014
Special Listing Condition Standard
Listed by Josh Kaplan • Equity Union
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "