2709 Santa Monica Boulevard

Santa Monica, CA 90404

$3,598,000
Price
4
Beds
2
Baths
4,393 Sq. Ft.
$819 / Sq. Ft.
4,393
Sq. Ft.
$819
per Sq. Ft.

Description

Incredible opportunity to reposition this excellent asset or to redevelop entirely. Set on an oversized lot of 7,500sf that measures 50 feet of frontage along Santa Monica Blvd and 150 deep with rear alley access. Highly visible location - Over 30K cars each day drive along Santa Monica Blvd Access to major tech employers, close proximity to Brentwood and West LA, along with all the world class attractions of Santa Monica Three separate buildings on site. Single story building that fronts SM Blvd...Incredible opportunity to reposition this excellent asset or to redevelop entirely. Set on an oversized lot of 7,500sf that measures 50 feet of frontage along Santa Monica Blvd and 150 deep with rear alley access. Highly visible location - Over 30K cars each day drive along Santa Monica Blvd Access to major tech employers, close proximity to Brentwood and West LA, along with all the world class attractions of Santa Monica Three separate buildings on site. Single story building that fronts SM Blvd is comprised of two side by side commercial units (month to month/ appx 1,500sf), a detached commercial unit with loft (month to month, appx 1,500sf ) and a rear building that is residential with three units totaling about 1,470sf (a 2/1, 1/1 and studio). All residential units on month to month. This property affords the buyer an opportunity to immediately reposition a stabilized asset as all the commercial leases are month to month. This works for an owner user or for an investor. Additionally, one can redevelop into a mixed use property and take advantage of density bonuses from the City of SM.
  1. Listed by Victoria Risko • DRE #01033692 • Brokerage DRE #01959830 • The Beverly Hills Estates
  2. Listed by Todd Stein • DRE #01879814 • Brokerage DRE #01487136 • Campbell Wellman Properties

Property Details for 2709 Santa Monica Boulevard

Zoning
SMC4*
Parcel Number
4267009022
Total Units
6.0
Living Area
4393
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
7522

Location

Listing Courtesy of The Beverly Hills Estates, Victoria Risko, DRE #01033692; Campbell Wellman Properties, Todd Stein, DRE #01879814
Add your commute
LISTING UPDATED: 04/25/2024 09:19 AM

Property Details for 2709 Santa Monica Boulevard

StatusActive
MLS #24-367013
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.17 AC / 7,522 SF
CountyLos Angeles County

Location

Listing Courtesy of The Beverly Hills Estates, Victoria Risko, DRE #01033692; Campbell Wellman Properties, Todd Stein, DRE #01879814
Add your commute

Building Information for 2709 Santa Monica Boulevard

Stories-Residences-Year Built1946Building Size-Lot Size0.17 AC / 7,522 SF

Payment Calculator

$22,603 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,636

Property Taxes

$2,967

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2709 Santa Monica Boulevard

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: 6
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $171,984
  • Net Operating Income: $120,388.00
  • Gross Income: $171,984
  • Cap Rate: 3.17%
  • Gross Rent Multiplier: $22.00
  • Total Annual Expense: 51595
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1727
  • Lot Size Square Feet: 7522
Parking Details
Parking Details
  • Parking Garage: Garage, Driveway
  • Total Parking: 0
  • Parking Features: Garage, Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,532.00
  • Unit Actual Rent: $2,532.00
  • Unit Projected Rent: $2,532.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $4,950.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 3
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $400.00
  • Unit Actual Rent: $400.00
  • Unit Projected Rent: $400.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $792,892.00
  • Assessed Improvement Percent: 26.85
  • Assessed Land Value: $2,159,949.00
  • Assessed Land Percent: 73.15
  • Assessed Total Value: $2,952,841.00

Property History for 2709 Santa Monica Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2709 Santa Monica Boulevard

Taxable ValueLand$2,159,949Additions$792,892Total$2,952,841
Tax Record2023$35,602 ($2,967 / month)
Home Facts
Total Finished SqFt4,393 SqFtAbove Grade Finished SqFt4,393 SqFtStories1Lot Size7,519 SqFtStyleOffice BuildingYear Built1946ZoningSMC4*CountyLOS ANGELESAPN4267-009-022

Schools near 2709 Santa Monica Boulevard

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
McKinley Elementary School
PublicK to 5

Lincoln 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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2709 Santa Monica Boulevard is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on March 14, 2024 by The Beverly Hills Estates, it's currently listed at $3,598,000. It has been on the market for a total of 46 days and was last sold on March 22, 2018. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 2709 Santa Monica Boulevard is a 4-bed, 2-bath, 4,393 sqft multi-family home built in 1946.

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 The Beverly Hills Estates, Victoria Risko, DRE #01033692; Campbell Wellman Properties, Todd Stein, DRE #01879814

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.