3040 Exposition Boulevard

Santa Monica, CA 90404

$1,215,000
Last Sold Price
4
Beds
4
Baths
2,340 Sq. Ft.
$519 / Sq. Ft.
2,340
Sq. Ft.
$519
per Sq. Ft.

Description

Reduced! Seller motivated. Well maintained, 2 Story 4 Unit apartment complex located in the heart of Santa Monica, one of the most desirable areas in all of Los Angeles. Separate meters, spacious apartments, consisting of a living area of approximately 2,340 square feet, all one bedroom one bath units, nestled on approximately a 5,006 square foot lot. The current monthly rental income is approximately $4,708 with an additional income of $350 per month for storage. The property has two 2 car garages...Reduced! Seller motivated. Well maintained, 2 Story 4 Unit apartment complex located in the heart of Santa Monica, one of the most desirable areas in all of Los Angeles. Separate meters, spacious apartments, consisting of a living area of approximately 2,340 square feet, all one bedroom one bath units, nestled on approximately a 5,006 square foot lot. The current monthly rental income is approximately $4,708 with an additional income of $350 per month for storage. The property has two 2 car garages in the rear of the property for parking. Subject property is south of Olympic Blvd., west of Centinela Avenue near Ishihara Park. Nice residential neighborhood mixed in with industrial/office , which may work for corporate housing. Perfect for investors or owner/user looking to own and live in the lovely city of Santa Monica.
  1. Listed by Michael Tootikian • DRE #00802699 • Brokerage DRE #01811831 • Keller Williams Encino-Sherman Oaks

Property Details for 3040 Exposition Boulevard

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2340
Assessor Parcel Number
4268-023-008
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Encino-Sherman Oaks, Michael Tootikian, DRE #00802699

Sold By COMPASS, Kristine Ng, DRE #01982796

Add your commute
LISTING UPDATED: 07/21/2018 02:57 AM

Property Details for 3040 Exposition Boulevard

StatusClosed
MLS #SR18085067
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.11 AC / 5,006 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Encino-Sherman Oaks, Michael Tootikian, DRE #00802699

Sold By COMPASS, Kristine Ng, DRE #01982796

Add your commute

Building Information for 3040 Exposition Boulevard

Stories-Residences-Year Built1959Building Size-Lot Size0.11 AC / 5,006 SF

Payment Calculator

$7,972 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,631

Property Taxes

$1,341

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3040 Exposition Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $60,696
  • Gross Scheduled Income: $60,696
  • Net Operating Income: $31,276
  • Other Income Description: storage
  • Financing: Cash, Cash To New Loan
Expense Details
  • Operating Expense: $29,420
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $29,420
Tax / Assessment Info
  • Tax Tract Number: 7993
  • Tax Census Tract: 7018.01
  • Tax Lot: 34
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 2
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: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • 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: $480
  • Unit Type Total Rent: $480
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 2
Unit 3
  • 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: $757
  • Unit Type Total Rent: $757
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit 4
  • 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: $1,371
  • Unit Type Total Rent: $1,371
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 3040 Exposition 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 3040 Exposition Boulevard

Taxable ValueLand$1,072,201Additions$230,522Total$1,302,723
Tax Record2023$16,092 ($1,341 / month)
Home Facts
Total Finished SqFt2,340 SqFtAbove Grade Finished SqFt2,340 SqFtLot Size5,006 SqFtStyleQuadraplexYear Built1959ZoningSMR2*CountyLOS ANGELESAPN4268-023-008

Schools near 3040 Exposition 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
Edison 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

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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 Keller Williams Encino-Sherman Oaks, Michael Tootikian, DRE #00802699

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.