2623 28th Street

Santa Monica, CA 90405

$1,619,000
Price
5
Beds
4
Baths
2,140 Sq. Ft.
$757 / Sq. Ft.
2,140
Sq. Ft.
$757
per Sq. Ft.

Description

An Excellent opportunity has become available to own this Triplex located in the prime Ocean Park Business area of Santa Monica. This Triplex features the following units, Unit-1 is a 3bed-2bath with a well-designed specious floor plan and a large private patio. Unit-2 and Unit-3 are 1bed-1bath. Currently Unit-1,Unit2 are tenant occupied and below market rent. This Triplex is great for owner user or as an investment property (Great upside in market rent potential ) and Great opportunities for future...

Property Details for 2623 28th Street

Water Front
None
Zoning
SMR2*
Year Built Numeric
1945

Property Details for 2623 28th Street

StatusActive
MLS #20-607372
Taxes-
HOA Fees-
Condo/Co-op Fees$3,000
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.14 AC / 5,984 SF
CountyLos Angeles County

Listing Agent

Misako Kuroshima

Sotheby's International Realty

misako.kuroshima@sothebyshomes.com

P: 310.702.3905

M: 310.702.3905

DRE #01404827

Contact Agent(s)

Location

Listing Courtesy of Sotheby's International Realty, Misako Kuroshima, DRE #01404827

Building Information for 2623 28th Street

Stories-Residences-Year Built1945Building Size-Lot Size0.14 AC / 5,984 SF

Payment Calculator

$8,426 per month

30 year fixed, 2.95% Interest

Principal and Interest

$5,426

Property Taxes

HOA Dues

$3,000

Similar Homes

Property Information for 2623 28th Street

Summary
    Location and General Information
  • School District: Santa Monica-Malibu Unified School District
  • Cross Streets: Ocean Park / 28th
  • Direction Faces: West
  • Directions: North of Ocean Park Blvd, West of Bundy Drive , South of Pico Blvd
  • Year Built Source: Assessor
  • Zip 4: 2909
  • View Description: None
  • View: No
  • City: Santa Monica
  • Zip Code: 90405
  • County Or Parish: Los Angeles
  • Street Number Numeric: 2623
  • Street Name: 28Th
  • State: CA
    Parking
  • Parking Garage: Uncovered
  • Open Other Spaces Total: 3
  • Total Parking: 3
    Taxes and HOA Information
  • Tax Expense: $21,000
Property
    Property and Assessments
  • Assessed Improvement Percent: 36.75
  • Assessed Improvement Value: $130,089.00
  • Assessed Land Percent: 63.25
  • Assessed Land Value: $223,852.00
  • Assessed Total Value: $353,941.00
  • Assessor Parcel Number: 4270-015-061
  • ADA Compliance: No
  • Disclosures: As Is
  • Probate: No
  • Source Living Area: Vendor Enhanced
  • Source Lot Size Area: Vendor Enhanced
  • Number Of Photos: 9
    Lot Information
  • Levels: One
  • Listing Area: Santa Monica
  • Lot Acreage: 0.1374
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 2140
  • Lot Size Area: 5984
    Utilities
  • Sewer: In Street
  • Amenities: None
  • Laundry: Other
  • Disability Access: None
  • Water: Public, Water District, Meter on Property
  • Pool Description: None
Interior and Exterior Features
    Exterior Features
  • Water Heater Features: Gas, Water Heater Unit
  • Water Heaters: Yes
  • Patio Features: Other - See Remarks
  • Pool: No
  • Spa: None
  • Spa: No
  • Tennis Court: None
  • Tennis: No
  • Roof: Composition
  • Security Features: Smoke Detector
    Interior Features
  • Baths Total: 4.0
  • Common Walls: Attached
  • Cooling: None
  • Equipment: None
  • Flooring: Laminate, Carpet, Tile, Mixed
  • Heating: Other, Wall
  • Number Of Stories: 0
  • Beds Total: 5
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Financing: Cash To New Loan, Cash, Other
  • Gardener Expense: $800
  • Gross Income: $90,000
  • Gross Operating Income: $90,000
  • Insurance Expense: $1,500
  • Net Operating Income: $61,500.00
  • Total Annual Expense: 28500
  • Trash Expense: $400.00
  • Water Expense: $1,800.00
    Unit Information
  • Type Of Units: Triplex
  • Unit Type Type: 2106, 2107, 2108
    Unit 1 Information
  • Unit Beds1: 3
  • Unit Baths1: 2
  • Unit Projected Rent1: $3,800.00
  • Unit Actual Rent1: $2,067.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $2,067.00
    Unit 2 Information
  • Unit Projected Rent2: $1,850.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $1,224.00
  • Unit Beds2: 1
  • Unit Baths2: 1
  • Unit Actual Rent2: $1,224.00
    Unit 3 Information
  • Unit Beds3: 1
  • Unit Baths3: 1
  • Unit Actual Rent3: $.00
  • Like Units3: 1
  • Unit Projected Rent3: $1,850.00
  • Unit Rent3: $.00
  • Unit Furnished3: No
Rental
    Rental Information
  • Vacancy Rate: 1
  • Gross Rent Multiplier: $18.00
  • Actual Annual Gross Rent: $90,000.00
  • Number Of Buildings: 1
  • Number Of Units: 3

Property History for 2623 28th St

DateEvent & SourcePriceAppreciation
Oct 12, 2020

Price Change

CRMLS #20607372

$1,619,000
Oct 12, 2020

Price Change

CLAW #20-607372

$1,619,000
Jul 23, 2020

Listed (Active)

CRMLS #20607372

$1,680,000
DateEvent & SourcePrice
10/12/2020

Price Change

CRMLS #20607372

$1,619,000
10/12/2020

Price Change

CLAW #20-607372

$1,619,000
07/23/2020

Listed (Active)

CRMLS #20607372

$1,680,000

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

Public Records for 2623 28th Street

Taxable ValueLand$237,552Additions$138,049Total$375,601
Tax Record2019$5,239
Home Facts
Beds5Total Finished SqFt2,140 SqFtAbove Grade Finished SqFt2,140 SqFtLot Size5,984 SqFtStyleTriplexYear Renovated1945ZoningSMR2*CountyLOS ANGELESAPN4270015061

Schools near 2623 28th Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Pacific Point Academy And Learning CenterPrivate1-70.1 mi
NR
Grant Elementary SchoolPublicPK-50.3 mi
8
New Roads SchoolPrivateK-120.8 mi
NR
New Roads Middle SchoolPrivate6-80.8 mi
NR

Pacific Point Academy And Learning Center

1-7, 0.1 mi, Private

NR

Grant Elementary School

PK-5, 0.3 mi, Public

8

New Roads School

K-12, 0.8 mi, Private

NR

New Roads Middle School

6-8, 0.8 mi, Private

NR

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
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...

Similar Sold Homes

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2623 28th Street is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on July 23, 2020 by Sotheby's International Realty at $1,619,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Circle Of Children Developmental Kindergarten, Pacific Point Academy And Learning Center and Santa Monica Alternative (K-8) School. 2623 28th Street is a 5-bed, 4-bath, 2,140 sqft multi-family home built in 1945. This address can also be written as 2623 28th St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Sotheby's International Realty, Misako Kuroshima, DRE #01404827

The information being provided by CARETS and CRMLS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, VCRDS and/or CRMLS and 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 CARETS or CRMLS. 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.