2639 Highland Avenue

Santa Monica, CA 90405

$1,600,000
Price
5
Beds
3
Baths
1,647 Sq. Ft.
$971 / Sq. Ft.
1,647
Sq. Ft.
$971
per Sq. Ft.

Description

First time on the market in 46 years, 2639-2643 Highland Avenue is a charming and unique corner lot property comprised of three detached, bungalow-style residences!  With (1) 1Bed+1Bath front house, (1) 2Bed+1Bath middle house, and (1) VACANT 2Bed+1Bath back house, this is the perfect opportunity for an owner-user or investor looking for a prime Ocean Park asset.  Additionally, there is a bonus room + bathroom that could double as a bedroom, art studio, gym, or office with the potential to be connected...First time on the market in 46 years, 2639-2643 Highland Avenue is a charming and unique corner lot property comprised of three detached, bungalow-style residences!  With (1) 1Bed+1Bath front house, (1) 2Bed+1Bath middle house, and (1) VACANT 2Bed+1Bath back house, this is the perfect opportunity for an owner-user or investor looking for a prime Ocean Park asset.  Additionally, there is a bonus room + bathroom that could double as a bedroom, art studio, gym, or office with the potential to be connected to the upstairs owner's unit or legalized as a rental unit using the ADU law. Sitting on a 4,288 square foot corner lot with lush greenery and an ocean breeze, each house features a separate entrance and a private deck, yard, or patio. There are also (2) single-car garages, one of which to be delivered VACANT.  Located in the Ocean Park neighborhood just blocks from the beach, Ocean View Park, and Main St, and only a short walk to Rose Ave and Abbot Kinney in Venice, this property is centrally located near some of the most highly rated shops, dining, and entertainment venues. ATTENTION: Owner-occupied triplexes can qualify for a temporary use exemption from Santa Monica's rent control law. Properties like this rarely become available! See supplements for OM.
  1. Listed by Robert Sillman • DRE #02145409 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 2639 Highland Avenue

View
Mountain(s), Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1647

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Robert Sillman, DRE #02145409; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Add your commute
LISTING UPDATED: 05/11/2024 08:02 AM

Property Details for 2639 Highland Avenue

StatusActive
MLS #SB24091715
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.10 AC / 4,288 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Robert Sillman, DRE #02145409; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Add your commute

Building Information for 2639 Highland Avenue

Stories2Residences-Year Built1913Building Size-Lot Size0.10 AC / 4,288 SF

Payment Calculator

$9,000 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$268

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2639 Highland Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $110,592
  • Gross Scheduled Income: $110,592
  • Net Operating Income: $77,234
  • Gross Multiplier: 14.47
  • Cap Rate: 4.83
Expense Details
  • Operating Expense: $30,041
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $30,041
Tax / Assessment Info
  • Tax Tract Number: 08604
  • Tax Census Tract: 7021.02
  • CFD/Mello-Roos Fee: $853
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Biking, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Cooling: None
  • Heating Type: Floor Furnace, Wall
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
  • Flooring: Wood
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: Alley, City Street
  • Levels: Multi/Split
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage, Garage Faces Rear
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,623
  • Unit Type Total Rent: $2,623
  • Unit Type Pro Forma: 3395
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,598
  • Unit Type Total Rent: $2,598
  • Unit Type Pro Forma: 3995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3995
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 2639 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2639 Highland Avenue

Taxable ValueLand$146,932Additions$64,197Total$211,129
Tax Record2023$3,214 ($268 / month)
Home Facts
Total Finished SqFt1,647 SqFtAbove Grade Finished SqFt1,647 SqFtLot Size4,288 SqFtStyleTriplexYear Built1913ZoningSMOPD*CountyLOS ANGELESAPN4287-015-005

Schools near 2639 Highland Avenue

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
John Muir 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2639 Highland Avenue is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on May 3, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,600,000. 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. 2639 Highland Avenue is a 5-bed, 3-bath, 1,647 sqft multi-family home built in 1913.

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 Lyon Stahl Investment Real Estate, Inc., Robert Sillman, DRE #02145409; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

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.