34.023212 -118.50547

814 3rd Street, SANTA MONICA, CA 90403

325997496 34.023212 -118.50547 124 /listing/325997496-150293374/814-3rd-street-santa-monica-ca-90403 False 0 6495000.0 7646 105 9 14 22221053 False
  • $6,495,000
  • 9 bd
  • 14 ba
  • 7,646 sqft
  • 0.34 lot
  • Est payment $34866.56/mo

Property & Neighborhood Info

Courtesy Of Janet Neman, DRE#01069127, Kidder Mathews of California, Inc.

Multi-Family in Santa Monica

Listed with 820 3rd St (APN: 4292-024-004). 814 & 820 3rd Street, a 14-unit opportunity located in prime Santa Monica, one of the most sought-after cities in Southern California. Originally constructed in 1908 and 1940, the Property consists of two single-story bungalow style structures and one two-story building situated on two contiguous lots totaling over 15,000 square feet of land. 814 3rd St is comprised of 9 units with 5 studios and 4 (1+1) units. 820 3rd St features a unit mix of 5 (1+1) units. Rare opportunity for an investor to enter a high-demand rental market with the potential to significantly increase value by renovating units and stabilizing the property. 8 out of the 14 units will be DELIVERED VACANT, providing the opportunity for an investor to immediately upgrade the units and capture market rents. The property is separately metered for electricity and gas and is equipped with 9 garages for tenant parking. Each unit includes their own washer and dryer or laundry hook ups. Through a systemic renovation program, a savvy investor will have the opportunity to capitalize on the rental upside. Additionally, the properties are zoned R3 (medium density residential), offering future development potential (buyer to confirm). he Property is positioned in the highly coveted Wilshire Montana neighborhood of prime Santa Monica. Tenants enjoy being within walking distance to Montana Avenue and only three blocks from the beach. The Property is conveniently surrounded by nearby amenities including critically acclaimed restaurants, trendy bars, shopping, hotels, entertainment venues, and notable destinations including the Montana Ave shops, Downtown Santa Monica, 3rd Street Promenade, and The Santa Monica Pier. Further, the Property is situated among the major Silicon Beach and Culver City employment hubs. 814 & 320 3rd Street presents investors with the rare opportunity to acquire an ideally located, pride of ownership apartment building with significant upside and

Courtesy Of Janet Neman, DRE#01069127, Kidder Mathews of California, Inc.
  1. 9 Beds
  2. 14 Baths
  3. 7,646 Sq. Ft.
  4. 0.34 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1908
  • County: LOS ANGELES
  • Units: 14
  • Zoning: SMR3*
  • MLS Number:22221053

Additional Features

  • Cooling:
    • None
  • Disclosures:
    • RentControl
  • Appliances:
    • Washer
  • Attached Garage:
    • Y
  • Building Square Feet:
    • 7646
  • New Construction:
    • N
  • Heating:
    • None
  • Number of Buildings:
    • 2
  • Gross Income:
    • 373964
  • Net Operating Income:
    • 230109
  • HOA:
    • N
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Cap Rate:
    • 3.54
  • DOM:
    • 0
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 1030700093
  • Parcel Number:
    • 4292024003
  • Public Document Count:
    • 0
  • Quarter Bath:
    • 0
  • SQFT Source:
    • Estimated
  • Three Quarter Bath:
    • 0
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Renee Rosen
Renee Rosen
2860 E. Thousand Oaks Blvd. Thousand Oaks CA 91362
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34.023212 -118.50547

814 3rd Street SANTA MONICA, CA 90403

325997496 34.023212 -118.50547 124 /listing/325997496-150293374/814-3rd-street-santa-monica-ca-90403 False 0 6495000.0 7646 105 9 14 22221053 False
  • $6,495,000
  • 9 bd
  • 14 ba
  • 7,646 sqft
  • 0.34 lot
  • Est payment $34866.56/mo