2505 14th Street
2505 14th Street
$1,748,755
3
3
1,807
1,807
$968
Virtual Tour
Description
2505 14th Street presents a unique investment opportunity in the highly desirable Sunset Park neighborhood of Santa Monica, just 1 mile from the beach. This triplex, built in 1940, is composed of 2 separate structures consisting of (3) 1 Bed + 1 Bath units, totaling approximately 1,807 square feet on a 6,429 square foot lot Zoned SMR2. With a current cap rate of 4.0% and a market cap rate of 6.0%, this property is an attractive opportunity for investors seeking a location-driven asset with strong...2505 14th Street presents a unique investment opportunity in the highly desirable Sunset Park neighborhood of Santa Monica, just 1 mile from the beach. This triplex, built in 1940, is composed of 2 separate structures consisting of (3) 1 Bed + 1 Bath units, totaling approximately 1,807 square feet on a 6,429 square foot lot Zoned SMR2. With a current cap rate of 4.0% and a market cap rate of 6.0%, this property is an attractive opportunity for investors seeking a location-driven asset with strong upside potential. Perfect for an owner-user or investor, as two of the three units will be delivered vacant, allowing for immediate rental income at market rates. Each unit features a private yard, high wood beamed ceilings, with skylights. The detached Unit C is particularly well-suited for an owner-occupant looking to offset their mortgage with rental income from the other two units, and has a private deck. 2505 14th Street offers convenient parking and individual garages, a significant selling point in Santa Monica. There is also potential for future income growth through the conversion of the garages into ADU's (Buyer to Verify). Located in close proximity to a variety of retail stores, dining options, and outdoor activities, including 365 Whole Foods, Gelsons, the 3rd Street Promenade, and Lincoln Plaza, 2505 14th Street provides residents with a quintessential Santa Monica lifestyle
- Listed by David Weinberger • DRE #01349349 • Brokerage DRE #01458187 • Keller Williams Studio City
- Listed by David Rothblum • DRE #01332525 • Brokerage DRE #00590104 • RE/MAX One
Property Details for 2505 14th Street
Zoning
SMR2*
StyleCalifornia Bungalow
Parcel Number4284026002
Total Units3.0
Living Area1807
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate2
Location
LISTING UPDATED: 04/19/2024 12:01 AM
Property Details for 2505 14th Street
Status | Active |
---|---|
MLS # | 24-378759 |
Days on Market | 19 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
Lot Size | 0.15 AC / 6,431 SF |
County | Los Angeles County |
Location
Virtual Tour
Building Information for 2505 14th Street
Stories2Residences-Year Built1940Building Size-Lot Size0.15 AC / 6,431 SF
Payment Calculator
$11,193 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2505 14th Street
Property History for 2505 14th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2505 14th Street
Taxable ValueLand$1,137,300Additions$484,500Total$1,621,800
Tax Record2023$19,782 ($1,649 / month)
Home Facts
Total Finished SqFt1,807 SqFtAbove Grade Finished SqFt1,807 SqFtLot Size6,429 SqFtStyleTriplexYear Built1940ZoningSMR2*CountyLOS ANGELESAPN4284-026-002
Schools near 2505 14th 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 5 |
Rating | School | Distance |
---|---|---|
Will Rogers 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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