3024 Pico Boulevard

Santa Monica, CA 90405

$2,695,000
Price
6
Beds
6
Baths
3,039 Sq. Ft.
$887 / Sq. Ft.
3,039
Sq. Ft.
$887
per Sq. Ft.

Description

First time on the market in 65 years! This bread and butter apartment building with six one-bedroom, one-bath units offers consistent income in a desirable neighborhood on the Westside. It is located on vibrant Pico Blvd. in Santa Monica's Sunset Park neighborhood. There is easy access to the beach, West LA, the 10 and 405 Freeways, and Santa Monica College. This property is a solid investment and easy rental!First time on the market in 65 years! This bread and butter apartment building with six one-bedroom, one-bath units offers consistent income in a desirable neighborhood on the Westside. It is located on vibrant Pico Blvd. in Santa Monica's Sunset Park neighborhood. There is easy access to the beach, West LA, the 10 and 405 Freeways, and Santa Monica College. This property is a solid investment and easy rental!
  1. Listed by William Dawson • DRE #01059814 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors
  2. Listed by Ryan Dawson • DRE #01962971 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors

Property Details for 3024 Pico Boulevard

Zoning
SMC4*
Parcel Number
4270006042
Total Units
6.0
Living Area
3039
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
1 unit
Lot Size Area
5774

Location

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971
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LISTING UPDATED: 04/23/2024 12:01 AM

Property Details for 3024 Pico Boulevard

StatusActive
MLS #24-380511
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.13 AC / 5,774 SF
CountyLos Angeles County

Location

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971
Add your commute

Building Information for 3024 Pico Boulevard

Stories2Residences-Year Built1957Building Size-Lot Size0.13 AC / 5,774 SF

Payment Calculator

$16,945 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,708

Property Taxes

$2,237

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3024 Pico Boulevard

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: One bedroom
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $131,153
  • Net Operating Income: $86,161.00
  • Gross Income: $135,210
  • Cap Rate: 3.20%
  • Gross Rent Multiplier: $19.93
  • Total Annual Expense: 44992
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1326
  • Lot Size Square Feet: 5774
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Wall Gas
  • Equipment: Range/Oven, Dishwasher
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $11,267.00
  • Unit Actual Rent: $11,267.00
  • Unit Projected Rent: $14,000.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $689,437.00
  • Assessed Improvement Percent: 31.51
  • Assessed Land Value: $1,498,708.00
  • Assessed Land Percent: 68.49
  • Assessed Total Value: $2,188,145.00

Property History for 3024 Pico 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 3024 Pico Boulevard

Taxable ValueLand$1,498,708Additions$690,097Total$2,188,805
Tax Record2023$26,840 ($2,237 / month)
Home Facts
Total Finished SqFt3,039 SqFtAbove Grade Finished SqFt3,039 SqFtLot Size5,775 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningSMC4*CountyLOS ANGELESAPN4270-006-042

Schools near 3024 Pico 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
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.

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3024 Pico Boulevard is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on April 15, 2024 by Sullivan-Dituri Co.Realtors, it's currently listed at $2,695,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Grant Elementary School, John Adams Middle School and Santa Monica High School. 3024 Pico Boulevard is a 6-bed, 6-bath, 3,039 sqft multi-family home built in 1957.

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 Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971

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.