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1008 2Nd St

Santa Monica, CA 90403
  • $9,850,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 21-794864
UPDATED: 49 min ago
$9,850,000
  • 19
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,600
    SQFT
  • $631
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:

School Ratings & Info

Description

1008 2nd Street is an incredible asset in the heart of LAs famed beach City of Santa Monica. Originally built in 1969, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. Each of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.There is significant rental upside and on-site parking for 21 cars as well as an on-site laundry facility. The unit mix includes (1) 2-bed, 3-bath with a den unit, (4) 2-bed, 2-bath units, (5) 1-bed, 2 bath with a den units, and (4) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.A quick walk to Third Street Promenade and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-03T10:42:40.013. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/122337266
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1008 2Nd St Santa Monica, CA 90403

  • Price: $9,850,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 49 min ago
  • MLS #: 21-794864
19
Beds
0
Baths
0
½ Baths
0.17
Acres
15,600
SQFT
$631
$/SQFT
1969
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
1008 2nd Street is an incredible asset in the heart of LAs famed beach City of Santa Monica. Originally built in 1969, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. Each of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.There is significant rental upside and on-site parking for 21 cars as well as an on-site laundry facility. The unit mix includes (1) 2-bed, 3-bath with a den unit, (4) 2-bed, 2-bath units, (5) 1-bed, 2 bath with a den units, and (4) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.A quick walk to Third Street Promenade and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Exterior Features

Cross Streets Washington Avenue Lot Size Area 7496 Other Structures None Parking Garage Covered Parking Total Parking 21

Interior Features

Baths Total 25.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 6895838 Gross Income 500169 Gross Operating Income 488285 Like Units1 4 Like Units2 5 Like Units3 4 Like Units4 1 Net Operating Income 301220.00 Number Of Buildings 1 Number Of Units 14 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 187066 Type Of Units 1S2S Year Built Source Assessor Zoning Smr3*

Listing provided courtesy of Jonathan Taksa DRE#01366169 of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-03T10:42:40.013. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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