$2,950,000
Price
8
Beds
5
Baths
3,441 Sq. Ft.
$857 / Sq. Ft.
3,441
Sq. Ft.
$857
per Sq. Ft.

Description

The building is 100% vacant, allowing immediate repositioning at market rents, an exceptional opportunity given Santa Monica's rent control restrictions. This 3,441 square foot property features one and two bedroom units, on site parking, and separate gas and electric meters. Walkable to the beach, Urth Caff, Abbott Kinney and Main Street amenities, the location offers lasting appeal for tenants and investors alike.The building is 100% vacant, allowing immediate repositioning at market rents, an exceptional opportunity given Santa Monica's rent control restrictions. This 3,441 square foot property features one and two bedroom units, on site parking, and separate gas and electric meters. Walkable to the beach, Urth Caff, Abbott Kinney and Main Street amenities, the location offers lasting appeal for tenants and investors alike.

Property Details for 2922 2nd Street

Zoning
SMOP2*
Parcel Number
4288004007
Total Units
5.0
Living Area
3441
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
100%
Lot Size Area
4986
LISTING UPDATED: 11/12/2025 12:01 PM

Property Details for 2922 2nd Street

StatusActive
MLS #25618251
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.11 AC / 4,986 SF
CountyLos Angeles County

Location

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782
Add your commute

Building Information for 2922 2nd Street

Stories-Residences-Year Built1955Building Size-Lot Size0.11 AC / 4,986 SF

Payment Calculator

$16,857 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,577

Property Taxes

$2,280

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2922 2nd Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $255,600
  • Net Operating Income: $170,508.00
  • Gross Income: $254,400
  • Gross Rent Multiplier: $11.60
  • Total Annual Expense: 78732
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1145
  • Lot Size Square Feet: 4986
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 3 Car
  • Total Parking: 0
  • Parking Features: Driveway, Garage - Three Door
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Ceiling Fan
  • Cooling Type: Ceiling Fan
  • Heating: Central
  • Heating Type: Central
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,850.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,700.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $13,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $691,620.00
  • Assessed Improvement Percent: 32.29
  • Assessed Land Value: $1,450,172.00
  • Assessed Land Percent: 67.71
  • Assessed Total Value: $2,141,792.00

Property History for 2922 2nd Street

DateEvent & SourcePriceAppreciation
Nov 4, 2025

Listed (Active)

CRMLS #25618251

$2,950,000—
Nov 4, 2025

Listed (Active)

CLAW #25618251

$2,950,000—
Jan 3, 2019

Sold

CLAW #18-378470

$1,920,000—
Jan 3, 2019

Sold

CRMLS #18378470

$1,920,000—
Oct 9, 2018

Sold (Public Record)

Public Record #636885216

$1,920,000—
Aug 30, 2018

Pending

CRMLS #18378470

—
Aug 30, 2018

Pending

CLAW #18-378470

—
Aug 22, 2018

Listed (Active)

CRMLS #18378470

$1,750,000—
Aug 22, 2018

Listed (Active)

CLAW #18-378470

$1,750,000—
DateEvent & SourcePrice
11/04/2025

Listed (Active)

CRMLS #25618251

$2,950,000
11/04/2025

Listed (Active)

CLAW #25618251

$2,950,000
01/03/2019

Sold

CLAW #18-378470

$1,920,000
01/03/2019

Sold

CRMLS #18378470

$1,920,000
10/09/2018

Sold (Public Record)

Public Record #636885216

$1,920,000
08/30/2018

Pending

CRMLS #18378470

—
08/30/2018

Pending

CLAW #18-378470

—
08/22/2018

Listed (Active)

CRMLS #18378470

$1,750,000
08/22/2018

Listed (Active)

CLAW #18-378470

$1,750,000

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

Public Records for 2922 2nd Street

Taxable ValueLand$1,450,172Additions$691,620Total$2,141,792
Tax Record2025$27,362 ($2,280 / month)
Home Facts
Total Finished SqFt3,441 SqFtAbove Grade Finished SqFt3,441 SqFtLot Size4,986 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningSMOP2*CountyLOS ANGELESAPN4288-004-007

Schools near 2922 2nd 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.

Similar Homes

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2922 2nd Street is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on November 4, 2025 by Fred Leeds Asset Group Inc., it's currently listed at $2,950,000. It has been on the market for a total of 41 days and was last sold on January 3, 2019. 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. 2922 2nd Street is a 8-bed, 5-bath, 3,441 sqft multi-family home built in 1955.

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. 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 Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782

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.