47 Seaview Terrace

Santa Monica, CA 90401

$3,100,000
Price
4
Beds
4
Baths
2,196 Sq. Ft.
$1,412 / Sq. Ft.
2,196
Sq. Ft.
$1,412
per Sq. Ft.

Description

First time on market in decades! Unique investment/development opportunity one block from beautiful Santa Monica Beach! The property is situated on the corner of Ocean Avenue and Seaview Terrace; a gated walkway leading down towards the beach. The placement of two garage structures on the property create a unique development opportunity. This centrally located, beach side property is a short walk to the 3rd Street Promenade, Santa Monica Pier, and Santa Monica Bluffs to the North, and the restaurants...First time on market in decades! Unique investment/development opportunity one block from beautiful Santa Monica Beach! The property is situated on the corner of Ocean Avenue and Seaview Terrace; a gated walkway leading down towards the beach. The placement of two garage structures on the property create a unique development opportunity. This centrally located, beach side property is a short walk to the 3rd Street Promenade, Santa Monica Pier, and Santa Monica Bluffs to the North, and the restaurants and shops of Main Street and Venice Beach to the South. Easy access to the 10 Freeway and Pacific Coast. Highway. Potential to add additional ADU's to the property. Truly unique development opportunity in this prime location!
  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 47 Seaview Terrace

Zoning
SMRVC*
Style
Traditional
Parcel Number
4290020027
Total Units
4.0
Living Area
2196
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
3%

Location

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971
Add your commute
LISTING UPDATED: 04/09/2024 12:01 AM

Property Details for 47 Seaview Terrace

StatusActive
MLS #24-374881
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.11 AC / 4,762 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 47 Seaview Terrace

Stories2Residences-Year Built1949Building Size-Lot Size0.11 AC / 4,762 SF

Payment Calculator

$17,135 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$217

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 47 Seaview Terrace

Community / Development
Community / Development
  • Number Of Units: 4
  • 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: $78,949
  • Net Operating Income: $28,299.00
  • Gross Income: $81,391
  • Gross Rent Multiplier: $38.09
  • Total Annual Expense: 50650
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1093
  • Lot Size Square Feet: 4762
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage Is Attached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Range/Oven, Refrigerator
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,782.00
  • Unit Actual Rent: $6,782.00
  • Unit Projected Rent: $9,580.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $42,383.00
  • Assessed Improvement Percent: 30.6
  • Assessed Land Value: $96,112.00
  • Assessed Land Percent: 69.4
  • Assessed Total Value: $138,495.00

Property History for 47 Seaview Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 47 Seaview Terrace

Taxable ValueLand$96,112Additions$42,943Total$139,055
Tax Record2023$2,607 ($217 / month)
Home Facts
Total Finished SqFt2,196 SqFtAbove Grade Finished SqFt2,196 SqFtLot Size4,762 SqFtStyleQuadraplexYear Built1949ZoningSMRVC*CountyLOS ANGELESAPN4290-020-027

Schools near 47 Seaview Terrace

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 - K to 8
Rating
School
Distance
John Muir Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

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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47 Seaview Terrace is a multi-family home for sale in Santa Monica, CA 90401. This property was listed for sale on April 1, 2024 by Sullivan-Dituri Co.Realtors, it's currently listed at $3,100,000. 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. 47 Seaview Terrace is a 4-bed, 4-bath, 2,196 sqft multi-family home built in 1949.

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.