1411 Cloverfield blvd, Santa Monica, CA 90404
Active
$3,095,000
3 Units
Beds
5.50 Baths
4,098 Area(sq.ft.)
Lot: 3,700 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 9,000 | $ 9,000 | $ 9,000 |
| Unit 2 | 1 | 2 | 2 | No | $ 5,445 | $ 5,445 | $ 5,995 |
| Unit 3 | 1 | 2 | 1.50 | No | $ 5,125 | $ 5,125 | $ 5,495 |
| 3 | 6 | 6 | $ 19,570 | $ 19,570 | $ 20,490 |
| MLS #: | 25498413 |
| Days On Market: | 298 |
| Listing Date: | February 11, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 755 |
| Price per unit: | $ 1,031,667 |
| Year Built: | 1999 |
Property Details
We are proud to present The Cloverfield Creative Residences. Located in the heart of Santa Monica's Media District, 1411 Cloverfield Blvd offers an ideal setting for both creative professionals and investors. This beautifully remodeled live/work building is adjacent to Parkside Medical and St. John's Medical Center, and just a mile from the renowned Bergamot Station Arts Center and its redevelopment project. Enjoy close proximity to world-class dining, shopping, and recreation, with Schader Park just around the corner and Colorado Center Park only two blocks away. Neighboring tenants include major brands like Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions. The subject property consists of (3) very well appointed and versatile creative live/work spaces, featuring hardwood floors, high ceilings, central HVAC, natural light, exposed brick & outdoor spaces. There is also secure, off street parking for each residence. The Cloverfield Creative Residences appeals to a wide range of users, including but not limited to artists, architects, medical or tech professionals and entertainment companies.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 234,840 |
| Total Annual Expense: | $ 76,436 |
| Net Operating Income: | $ 158,404 |
| Gross Annual Income: | $ 234,840 |
| Cap Rate: | 5.12% |
| Gross Rent Multiplier: | 13.18 |
Structure
| Type of Units: | Live/Work |
| Buildings: | 1 |
| Levels: | Multi/Split |
| Security Features: | Automatic Gate, Fire and Smoke Detection System, Smoke Detector, Gated |
Land & Parking
| Zoning: | SMC4* |
| Parking Garage: | Controlled Entrance, Community Garage, Covered Parking |
Interior
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer |
| Heating: | Central |
| Fireplace Rooms: | Other |
| Laundry: | In Unit |
Exterior
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