2420 34th Street

Santa Monica, CA 90405

$2,600,000
Last Sold Price
7
Beds
7
Baths
3,920 Sq. Ft.
$663 / Sq. Ft.
3,920
Sq. Ft.
$663
per Sq. Ft.

Description

Tons of upside on this well-maintained 7-unit income building in the highly sought-after Sunset Park neighborhood located just blocks away from shopping, restaurants, Trader Joes, nightlife, Santa Monica's Production District & freeway/transit access. This property consists of two single-story buildings with 7 nicely upgraded 1Bd+1Ba apartments. All units have hardwood & tile floors, crown moldings & vintage charm! Copper plumbing & separately metered gas & electric. We have kept 1 unit vacant for...Tons of upside on this well-maintained 7-unit income building in the highly sought-after Sunset Park neighborhood located just blocks away from shopping, restaurants, Trader Joes, nightlife, Santa Monica's Production District & freeway/transit access. This property consists of two single-story buildings with 7 nicely upgraded 1Bd+1Ba apartments. All units have hardwood & tile floors, crown moldings & vintage charm! Copper plumbing & separately metered gas & electric. We have kept 1 unit vacant for showings and owner user option. Off-street parking for each unit.

Listing Agents

  1. John Hathorn

    John Hathorn

    Listing Agent

    Compass

    DRE #00960182

  2. Morgan Hathorn

    Morgan Hathorn

    Alternative Listing Agent

    Compass

    DRE #02017057

Property Details for 2420 34th Street

Zoning
SMR2*
Style
Traditional
Parcel Number
4270009029
Total Units
7.0
Living Area
3920
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
1

Location

Listing Courtesy of Compass, John Hathorn, DRE #00960182; Compass, Morgan Hathorn, DRE #02017057

Sold By Integrity Realtors Inc., Paresh Lal, DRE #01239876

Add your commute
LISTING UPDATED: 04/27/2022 10:00 AM

Property Details for 2420 34th Street

StatusSold
MLS #21-786334
Days on Market182
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.22 AC / 9,632 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, John Hathorn, DRE #00960182; Compass, Morgan Hathorn, DRE #02017057

Sold By Integrity Realtors Inc., Paresh Lal, DRE #01239876

Add your commute

Building Information for 2420 34th Street

Stories1Residences-Year Built1946Building Size-Lot Size0.22 AC / 9,632 SF

Payment Calculator

$16,901 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,189

Property Taxes

$2,712

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2420 34th Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: apartment
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $124,332
  • Net Operating Income: $103,344.00
  • Gross Income: $145,320
  • Cap Rate: 3.83%
  • Gross Rent Multiplier: $18.50
  • Actual Annual Gross Rent: $145,320.00
  • Actual Gross Annual Income: $116,250
  • Actual Rent Total: $116,520.00
  • Owner Pays: Gardener
  • Total Annual Expense: 20988
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2211
  • Lot Size Square Feet: 9632
Parking Details
Parking Details
  • Parking Garage: Parking Space, Uncovered
  • Total Parking: 7
  • Open Other Spaces Total: 7
  • Parking Features: Parking Space, Uncovered
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Freezer, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-21-2021
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,047.00
  • Unit Actual Rent: $2,047.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,586.00
  • Unit Actual Rent: $1,586.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $794.00
  • Unit Actual Rent: $794.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,729.00
  • Unit Actual Rent: $1,729.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,693.00
  • Unit Actual Rent: $1,693.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,861.00
  • Unit Actual Rent: $1,861.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $75,522.00
  • Assessed Improvement Percent: 43.09
  • Assessed Land Value: $99,732.00
  • Assessed Land Percent: 56.91
  • Assessed Total Value: $175,254.00

Property History for 2420 34th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2420 34th Street

Taxable ValueLand$1,856,400Additions$795,920Total$2,652,320
Tax Record2023$32,550 ($2,712 / month)
Home Facts
Total Finished SqFt3,920 SqFtAbove Grade Finished SqFt3,920 SqFtLot Size9,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1946ZoningSMR2*CountyLOS ANGELESAPN4270-009-029

Schools near 2420 34th 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 - 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.

Similar Homes

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Similar Sold Homes

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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 Compass, John Hathorn, DRE #00960182; Compass, Morgan Hathorn, DRE #02017057

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.