857 4th Street

Santa Monica, CA 90403

$2,315,000
Price
4
Beds
3
Baths
2,484 Sq. Ft.
$932 / Sq. Ft.
2,484
Sq. Ft.
$932
per Sq. Ft.

Description

Do not miss the amazing opportunity to own this charming triplex in prime Santa Monica neighborhood, one block south of Montana Avenue. On a corner lot with rare enclosed yard, the property consists of a 2-story, 2bedroom, 1+ bath townhouse style unit (2-car parking); a 1-bedroom downstairs unit (2-car parking) and a 1-bedroom upstairs unit (no assigned parking). Laundry inside each unit. Fully occupied with potential upside for future rents and/or opportunity for owner occupancy of one unit while...Do not miss the amazing opportunity to own this charming triplex in prime Santa Monica neighborhood, one block south of Montana Avenue. On a corner lot with rare enclosed yard, the property consists of a 2-story, 2bedroom, 1+ bath townhouse style unit (2-car parking); a 1-bedroom downstairs unit (2-car parking) and a 1-bedroom upstairs unit (no assigned parking). Laundry inside each unit. Fully occupied with potential upside for future rents and/or opportunity for owner occupancy of one unit while continuing rental income on remaining units. Building well maintained. Unbeatable location, great school district. Excellent investment potential. Buyer to conduct their own due diligence. All information in this listing, including square footage, lot size, income, expenses, features, permits, schools, are approximate and shall be verified by Buyer.
  1. Listed by Lisa K. Phillips • DRE #01189413 • Brokerage DRE #01254822 • Lotus Estate Properties

Property Details for 857 4th Street

Zoning
SMR3*
Parcel Number
4292016014
Total Units
3.0
Living Area
2484
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
4615

Location

Listing Courtesy of Lotus Estate Properties, Lisa K. Phillips, DRE #01189413
Add your commute
LISTING UPDATED: 04/01/2024 12:01 AM

Property Details for 857 4th Street

StatusActive
MLS #24-372327
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.11 AC / 4,615 SF
CountyLos Angeles County

Location

Listing Courtesy of Lotus Estate Properties, Lisa K. Phillips, DRE #01189413
Add your commute

Building Information for 857 4th Street

Stories2Residences-Year Built1922Building Size-Lot Size0.11 AC / 4,615 SF

Payment Calculator

$13,604 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,634

Property Taxes

$970

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 857 4th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Rentals
Contract Info
Contract Info
  • Disclosures: Coastal Commission Restrictions, Coastal Zone, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $119,604
  • Net Operating Income: $90,368.00
  • Gross Income: $119,604
  • Gross Rent Multiplier: $19.35
  • Total Annual Expense: 29236
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1059
  • Lot Size Square Feet: 4615
  • Lot Features: Front Yard, Lawn
  • Lot Description: Fenced Yard, Front Yard, Lawn
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Driveway, Tandem
  • Total Parking: 4
  • Parking Features: Driveway, Tandem Garage
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator, Washer, Dryer
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-24-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,228.50
  • Unit Actual Rent: $3,228.50
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,128.50
  • Unit Actual Rent: $2,128.50
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,610.00
  • Unit Actual Rent: $2,610.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $220,755.00
  • Assessed Improvement Percent: 24.0
  • Assessed Land Value: $699,118.00
  • Assessed Land Percent: 76
  • Assessed Total Value: $919,873.00

Property History for 857 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 857 4th Street

Taxable ValueLand$699,118Additions$221,095Total$920,213
Tax Record2023$11,643 ($970 / month)
Home Facts
Total Finished SqFt2,484 SqFtAbove Grade Finished SqFt2,484 SqFtLot Size4,615 SqFtStyleQuadraplexYear Built1922ZoningSMR3*CountyLOS ANGELESAPN4292-016-014

Schools near 857 4th Street

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
Roosevelt Elementary School
PublicK to 5

Lincoln 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.

Similar Homes

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857 4th Street is a multi-family home for sale in Santa Monica, CA 90403. This property was listed for sale on March 24, 2024 by Lotus Estate Properties, it's currently listed at $2,315,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Roosevelt Elementary School, Lincoln Middle School and Santa Monica High School. 857 4th Street is a 4-bed, 3-bath, 2,484 sqft multi-family home built in 1922.

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 Lotus Estate Properties, Lisa K. Phillips, DRE #01189413

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.