Beds
Baths
4,400 Sq. Ft.
$1,288 / Sq. Ft.
4,400
Sq. Ft.
$1,288
per Sq. Ft.

Description

Welcome to 2432 3rd St, a historic and charming multi-family property located in the heart of Santa Monica, CA. Built in 1918, this unique home boasts a total of 7 bathrooms and a spacious finished area of 4,400 square feet. Situated on a generous lot size of 6,495 square feet, this property offers plenty of outdoor space for relaxing and entertaining. Incredible and spacious 1920s Spanish style two-story duplex in front and classic craftsman shotgun bungalows nestled in back inside separate private...Welcome to 2432 3rd St, a historic and charming multi-family property located in the heart of Santa Monica, CA. Built in 1918, this unique home boasts a total of 7 bathrooms and a spacious finished area of 4,400 square feet. Situated on a generous lot size of 6,495 square feet, this property offers plenty of outdoor space for relaxing and entertaining. Incredible and spacious 1920s Spanish style two-story duplex in front and classic craftsman shotgun bungalows nestled in back inside separate private compound. Entire property is gated for privacy and serenity. In historic Ocean Park, just 3 blocks from the beach and steps to world famous Main St with delicious and exciting nightlife, but also the calming quiet of the waves heard at night, and soothing breeze during the day. Fruit, flowering and other privacy trees and hedges see occasional southern California squirrels, hummingbirds and doves at play. Has driveway parking for up to 5 cars (one being in the carport.) An extensive and legal remodel and expansion completed in 2020, 2021, and 2023, the large breathtaking units are able to be quickly and easily rented out short or long term with a solid return on investment with the enticement of the beach location locking in a solid long term growth potential. Important note: square footage and rooms here are correct.
  1. Listed by David Saikaly • DRE #01465253 • Brokerage DRE #01465253 • Locals Real Estate • davidsaikaly@gmail.com

Property Details for 2432 3rd Street

Architectural Style
Bungalow, Cape Cod, Craftsman, Shotgun, Spanish, Traditional
View
Neighborhood, Trees/Woods
Parking Spaces Total
6
Private Pool
No
Cooling Type
Electric, ENERGY STAR Qualified Equipment, Gas, Heat Pump, High Efficiency, Wall/Window Unit(s), Ductless
Total Units
3.0
Building Type
Attached
Lot Size Source
GIS Calculated
LISTING UPDATED: 01/01/2026 11:15 AM

Property Details for 2432 3rd Street

StatusActive
MLS #PTP2509010
Days on Market162
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.15 AC / 6,534 SF
CountyLos Angeles County

Location

Listing Courtesy of Locals Real Estate, David Saikaly, DRE #01465253
Add your commute

Building Information for 2432 3rd Street

Stories2Residences-Year Built1918Building Size-Lot Size0.15 AC / 6,534 SF

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$30,587 per month

30 year fixed, 6.46% Interest

Principal and Interest

$28,546

Property Taxes

$2,041

HOA Dues

$0

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Property Information for 2432 3rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $260,000
  • Gross Scheduled Income: $280,000
  • Net Operating Income: $260,000
  • Cap Rate: 0.0
Expense Details
  • Operating Expense: $29,600
  • New Taxes Expense: $20,000
  • Insurance Expense: $3,600
  • Other Expense: $5,000
  • Trash Expense: $1,000
  • Total Expenses: $29,600
Tax / Assessment Info
  • Tax Tract Number: n/a
  • Tax Lot: n/a
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, Doors - Swing In, No Interior Steps, Parking
  • Disability Access: 2+ Access Exits, 32 inch or more wide doors, 36 inch or more wide halls, Doors - Swing In, No Interior Steps, Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None, Unknown
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban, Biking, Dog Park, Hiking, Park, Watersports
Property / Structure Info
Interior Features
  • Appliances: Barbecue, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Range, Instant Hot Water, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan, Water Heater, Water Line to Refrigerator
  • Equipment: Barbeque, Community, Dishwasher, Dryer, Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hookup - Electric, In Carport, In Kitchen, Inside, Laundry Area, Laundry Closet Stacked, Microwave, Outside, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Washer Hookup, Washer Included, Water Line to Refrigerator
  • Interior Features: Block Walls, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Crown Molding, Furnished, High Ceilings, Home Automation System, Open Floorplan, Pantry, Recessed Lighting, Storage, Tandem
  • Room Type: Attic, Bonus Room, Den, Entry, Family Room, Foyer, Galley Kitchen, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Office, Sun, Utility Room, Walk-In Closet, Workshop
  • Bedroom Features: Main Floor Bedroom, WalkInCloset
  • Kitchen Features: Pantry, Galley Kitchen
  • Water Heater Features: Instant Hot Water, Tankless
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Carport, In Kitchen, Inside, Outside, Stackable, Washer Hookup, Washer Included, Gas Dryer Hookup
  • Fireplace Features: Free Standing, Gas, Wood Stove Insert
  • Fireplace Rooms: Free Standing, Gas, Wood Stove Insert
  • Cooling: Electric, ENERGY STAR Qualified Equipment, Gas, Heat Pump, High Efficiency, Wall/Window Unit(s), Ductless
  • Heating Type: Electric, ENERGY STAR Qualified Equipment, High Efficiency, Natural Gas, Wall Furnace
  • Heat Source: Electric, Natural Gas
  • Heating: Electric, ENERGY STAR Qualified Equipment, High Efficiency, Natural Gas, Wall Furnace
  • Flooring Type: Bamboo, Concrete, Tile, Wood
  • Flooring: Bamboo, Concrete, Tile, Wood
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Rated Drywall, Security Lights, Security System, Smoke Detector(s)
  • Construction Materials: Block, Concrete, Drywall Walls, Frame, Hardboard, Redwood Siding, Shingle Siding, Steel, Stucco, Wood Siding
  • Exterior Construction: Block, Concrete, Frame, Steel Siding, Stucco, Wood Siding
  • Exterior: Block, Stucco, Wood
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters, Satellite Dish
  • Roof: Asphalt, Common Roof, Composition, Rolled/Hot Mop, Spanish Tile, Tar/Gravel
  • Entry Location: Front
  • Fence: Yes
  • Fence: Privacy, Wrought Iron
  • Fencing: Excellent Condition, Privacy, Security, Wrought Iron
  • Foundation Details: Combination, Concrete Perimeter, Pillar/Post/Pier, Quake Bracing, Raised, Seismic Tie Down
  • Foundation Details: Combination, Concrete Perimeter, Pillar/Post/Pier, Quake Bracing, Raised, Seismic Tie Down
  • Other Structures: Accessory Dwelling Unit
  • Property Condition: Building Permit, Updated/Remodeled
  • View Description: Trees/Woods
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Rectangular Lot, Near Public Transit, Park Nearby, Patio Home, Rolling Slope, Secluded, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Treed Lot, Utilities - Overhead, Yard
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Sewer: Private Sewer
  • Utilities: Cable Available, Natural Gas Available, See Remarks, Cable Connected, Electricity Available, Electricity Connected
  • Electric: 220 Volts in Garage, 220 Volts, Standard
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Carport, Driveway - Combination, Gated, On street, Parking Space, Porte-Cochere, Private, Uncovered
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 1
  • Carport Spaces: 1
  • Parking Features: Carport, Attached Carport, Driveway - Combination, Concrete, Paved, Gated, Off Street, On Site, Parking Space, Permit Required, Porte-Cochere, Private, Street, Uncovered
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 2432 3rd Street

DateEvent & SourcePriceAppreciation
Dec 5, 2025

Listed (Active)

CRMLS #PTP2509010

$5,668,888
Dec 3, 2025

Listed (Active)

CLAW #PTP2509010MR

$5,668,888
Dec 3, 2025

Listed (Active)

SDMLS #PTP2509010

$5,668,888
DateEvent & SourcePrice
12/05/2025

Listed (Active)

CRMLS #PTP2509010

$5,668,888
12/03/2025

Listed (Active)

CLAW #PTP2509010MR

$5,668,888
12/03/2025

Listed (Active)

SDMLS #PTP2509010

$5,668,888

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

Public Records for 2432 3rd Street

Taxable ValueLand$1,681,299Additions$262,693Total$1,943,992
Tax Record2025$24,496 ($2,041 / month)
Home Facts
Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtLot Size6,487 SqFtStyleTriplexYear Built1918ZoningSMOP2*CountyLOS ANGELESAPN4287-009-006

Schools near 2432 3rd Street

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 - K to 8
Rating
School
Distance
John Muir Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

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.

Santa Monica
Santa Monica
The coastal city of Santa Monica is a living postcard. This seaside city is named after Saint Monica, the mother of Saint Augustine, but the reason why remains undetermined. One telling says it was named by explorer Gaspar de Portolà, who camped there in 1769 and named it in honor of the feast day...

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2432 3rd Street is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on December 3, 2025 by Locals Real Estate, it's currently listed at $5,668,888. It has been on the market for a total of 162 days and was last sold on January 4, 2008. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include John Muir Elementary School, John Adams Middle School and Santa Monica High School. 2432 3rd Street is a 0-bed, 0-bath, 4,400 sqft multi-family home built in 1918.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Locals Real Estate, David Saikaly, DRE #01465253

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.