2626 Cloverfield Boulevard

2626 Cloverfield Boulevard

Santa Monica, CA 90405

$4,995,000
Price
11
Beds
12
Baths
5,948 Sq. Ft.
$840 / Sq. Ft.
5,948
Sq. Ft.
$840
per Sq. Ft.
a front view of a house with a yard
a living room with furniture and a large window
a living room with furniture a wooden floor and a chandelier
a kitchen with a sink a stove cabinets and counter space
a bathroom with a sink a toilet and shower
a bedroom with a bed and wooden floor
a kitchen with stainless steel appliances granite countertop a stove and a sink
a kitchen with stainless steel appliances a refrigerator and a stove top oven
a view of a house with a tree in front
a view of a hallway with wooden floor and windows
an aerial view of multiple house
a bathroom with a bathtub and a shower
a view of a house with a yard
a view of a living room and entryway
a view of a kitchen with microwave and wooden floor
a kitchen with granite countertop a sink stove and cabinets
a bathroom with a bathtub shower sink vanity and toilet
a view of empty room with wooden floor and fan
wooden floor in an empty room with a window
a sign that is on the side of a building
a view of house with a outdoor space
a view of a patio with swimming pool

Description

Huge 650k Price Reduction! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (2 vacant) and boast a high-end aesthetic...Huge 650k Price Reduction! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (2 vacant) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.
  1. Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
  2. Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.

Property Details for 2626 Cloverfield Boulevard

Zoning
SMR3*
Parcel Number
4273012016
Total Units
12.0
Living Area
5948
Source Living Area
Owner
Area
Santa Monica (C14)
Vacancy Rate
2 UNITS
Lot Size Area
6046

Location

Listing Courtesy of Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261
Add your commute
LISTING UPDATED: 05/23/2024 12:01 AM

Property Details for 2626 Cloverfield Boulevard

StatusActive
MLS #24-392515
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.14 AC / 6,046 SF
CountyLos Angeles County

Location

Listing Courtesy of Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261
Add your commute

Building Information for 2626 Cloverfield Boulevard

Stories2Residences-Year Built1966Building Size-Lot Size0.14 AC / 6,046 SF

Payment Calculator

$30,135 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,260

Property Taxes

$2,875

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2626 Cloverfield Boulevard

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Garden
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $383,142
  • Net Operating Income: $289,640.00
  • Gross Income: $394,992
  • Cap Rate: 5.80%
  • Gross Rent Multiplier: $12.65
  • Total Annual Expense: 93502
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1388
  • Lot Size Square Feet: 6046
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 9
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,150.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,195.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,195.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,195.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,150.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,150.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $1,562.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $885.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit 12 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $775,000.00
  • Assessed Improvement Percent: 27.93
  • Assessed Land Value: $2,000,000.00
  • Assessed Land Percent: 72.07
  • Assessed Total Value: $2,775,000.00

Property History for 2626 Cloverfield Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2626 Cloverfield Boulevard

Taxable ValueLand$2,040,000Additions$792,860Total$2,832,860
Tax Record2023$34,497 ($2,875 / month)
Home Facts
Total Finished SqFt5,968 SqFtAbove Grade Finished SqFt5,968 SqFtLot Size6,046 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningSMR3*CountyLOS ANGELESAPN4273-012-016

Schools near 2626 Cloverfield Boulevard

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

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Juan Cabrillo Elementary School
PublicK to 5

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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More information about 2626 Cloverfield Boulevard, Santa Monica, CA 90405

2626 Cloverfield Boulevard is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on May 15, 2024 by Global Platinum Properties, Inc., it's currently listed at $4,995,000. It has been on the market for a total of 17 days and was last sold on November 12, 2021. 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. 2626 Cloverfield Boulevard is a 11-bed, 12-bath, 5,948 sqft multi-family home built in 1966.

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 Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261

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.