2403 South Centinela Avenue

Santa Monica, CA 90405

$3,990,000
Price
11
Beds
11
Baths
5,337 Sq. Ft.
$748 / Sq. Ft.
5,337
Sq. Ft.
$748
per Sq. Ft.

Description

This is a private bungalow enclave and compound with no detail overlooked. Property was taken down to studs and fully rebuilt. Most units have never been occupied. Recent Multi-Million Dollar remodel by award-winning architect, the property includes 11 charming single-level residences. This is a huge 18,027 Square Foot Lot. 6.5 CAP at asking price. Unit mix: one two-bedroom unit, six one-bedroom units and four singles. All with kitchens and high-end appliances, including Mini Split Heating/AC Units...This is a private bungalow enclave and compound with no detail overlooked. Property was taken down to studs and fully rebuilt. Most units have never been occupied. Recent Multi-Million Dollar remodel by award-winning architect, the property includes 11 charming single-level residences. This is a huge 18,027 Square Foot Lot. 6.5 CAP at asking price. Unit mix: one two-bedroom unit, six one-bedroom units and four singles. All with kitchens and high-end appliances, including Mini Split Heating/AC Units and washer/dryers! These homes showcase modern stainless steel kitchen appliances and elegant wood flooring, as well as energy-efficient dual pane windows for sound suppression. Each residence includes allocated parking for one vehicle, including seven garages, new automatic garage doors plus 5 parking spaces. The lush landscaping of the communal areas is meticulously kept and includes beautiful sycamores, enhancing the overall appeal. Please do not curb appraise.
  1. Listed by Carl Lambert • DRE #00860625 • Brokerage DRE #00860625 • Lambert Investments, Inc.

Property Details for 2403 South Centinela Avenue

Water Front
None
Zoning
SMR2*
Style
Bungalow
Cross Streets
Pico Blvd. & Centinela
Parcel Number
4270010023
Total Units
11.0
Living Area
5337
Source Living Area
Title Company

Location

Listing Courtesy of Lambert Investments, Inc., Carl Lambert, DRE #00860625
Add your commute
LISTING UPDATED: 03/14/2024 10:14 AM

Property Details for 2403 South Centinela Avenue

StatusActive
MLS #23-323957
Days on Market224
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.41 AC / 18,027 SF
CountyLos Angeles County

Location

Listing Courtesy of Lambert Investments, Inc., Carl Lambert, DRE #00860625
Add your commute

Building Information for 2403 South Centinela Avenue

Stories1Residences-Year Built1937Building Size-Lot Size0.41 AC / 18,027 SF

Payment Calculator

$27,068 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,775

Property Taxes

$5,293

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2403 South Centinela Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 11
  • Senior Community: No
  • Builders Name: Notable Architect Marmol-Radzi
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 1
  • Number Of Buildings: 4
  • Type Of Units: Flat
  • View: Yes
  • View Description: Courtyard
  • View: Courtyard
  • Security Features: Gated, Card/Code Access, Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Prewired for alarm system, Smoke Detector, Automatic Gate
  • Property Condition: Updated/Remodeled, Repairs Major
  • Water: District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • Additions Alterations: Yes
  • Water Heater Features: Water Heater Unit, Gas
  • Water District: SM
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Owner May Carry
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $364,140
  • Net Operating Income: $262,529.00
  • Gross Income: $364,140
  • Cap Rate: 6.58%
  • Gross Rent Multiplier: $11.00
  • Actual Annual Gross Rent: $364,140.00
  • Owner Pays: Gardener
  • Total Annual Expense: 101611
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.4138
  • Lot Size Square Feet: 18027
  • Lot Features: Landscaped
  • Lot Description: Curbs, Exterior Security Lights, Gutters, Automatic Gate, Fenced, Landscaped, Gated Community
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Other, Auto Driveway Gate, Controlled Entrance, Driveway
  • Total Parking: 12
  • Open Other Spaces Total: 5
  • Garage Spaces Total: 7
  • Parking Features: Auto Driveway Gate, Controlled Entrance, Driveway
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: Bath, Blower Fan, Decorative, Electric, Kitchen
  • Fireplace Rooms: Bath, Blower Fan, Decorative, Electric, Kitchen
  • Cooling Type: Air Conditioning
  • Heating: Natural Gas, Combination
  • Heating Type: Natural Gas, Combination
  • Flooring: Engineered Hardwood
  • Equipment: Built-Ins, Gas Or Electric Dryer Hookup, Hood Fan, Microwave
  • Interior Features: Built-Ins, Drywall Walls
  • Room Kitchen Features: Corian Counters, Remodeled Kitchen
  • Kitchen Features: Corian Counters, Remodeled
  • Room Bathroom Features: Low Flow Shower, Low Flow Toilet(s), Remodeled, Shower, Tile Counters
  • Bathroom Features: Double Shower, Low Flow Shower(s), Low Flow Toilet(s), Remodeled, Shower Stall, Tile
  • Bedroom Features: Main Floor Bedroom
  • Cooking Appliances: Gas/Electric Range, Microwave, Oven, Electric, Gas
  • Laundry: Laundry Closet Stacked, In Unit
  • Laundry Equipment: Own
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Flat, Shingle
  • Sprinklers: Sprinkler System, Sprinkler Timer, Drip System
  • Windows: Window Blinds
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Construction MVO: Frame and Stucco
  • Other Structural Features: Full Copper Plumbing, Energy Efficient
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-20-2023
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,778.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $16,670.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,420.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $9,680.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Electric Meters: 11
  • Number of Gas Meters: 11
  • Number Range: 11
  • Number Refrigerator: 11
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $54,681.00
  • Assessed Improvement Percent: 1.06
  • Assessed Land Value: $5,107,326.00
  • Assessed Land Percent: 98.94
  • Assessed Total Value: $5,162,007.00

Property History for 2403 South Centinela Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2403 South Centinela Avenue

Taxable ValueLand$5,209,472Additions$55,774Total$5,265,246
Tax Record2023$63,512 ($5,293 / month)
Home Facts
Total Finished SqFt5,337 SqFtAbove Grade Finished SqFt5,337 SqFtLot Size18,027 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningSMR2*CountyLOS ANGELESAPN4270-010-023

Schools near 2403 South Centinela Avenue

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Grant Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2403 South Centinela Avenue is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on October 20, 2023 by Lambert Investments, Inc., it's currently listed at $3,990,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Grant Elementary School, John Adams Middle School and Santa Monica High School. 2403 South Centinela Avenue is a 11-bed, 11-bath, 5,337 sqft multi-family home built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lambert Investments, Inc., Carl Lambert, DRE #00860625

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.