2302 32nd st, Santa Monica, CA 90405
Active
$2,220,000
7%
4 Units
6 Beds
5 Baths
3,492 Area(sq.ft.)
Lot: 9,006 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 2,486 | $ 7,064 | $ 2,650 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,836 | $ 3,836 | $ 3,900 |
| 5 | 6 | 5 | $ 13,780 | $ 32,092 | $ 14,500 |
| MLS #: | 25525495 |
| Days On Market: | 235 |
| Listing Date: | April 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 636 |
| Price per unit: | $ 555,000 |
| Year Built: | 1938 |
Property Details
Built in 1938, this property has been meticulously maintained with modernized interiors and still possesses its vintage charm. 2302 32nd Street sits on a large 9,000 Square Feet lot with a total of three structures. The front building contains ThreeUnits, (1) Two Bedroom One Bathroom Unit and (2) OneBedroom One Bathroom units. The middle structure of the lot is Two Stories with (1) Large One Bedroom One Bathroom unit located upstairs, and downstairs is (1) non-conforming OneBedroom One Bathroom unit. The seller has plans and permits for the 5th unit that will allow an easy process of registering the non-conforming unit with the city. The property also provides a total of 7 parking spaces. Conveniently located just south of Pico Boulevard and theI-10 Freeway, tenants of 2302 32nd Street have no shortage of things to do. From vibrant nightlife to an ample selection of fine dining, daily necessities, and retail amenities. Providing easy access to all that Santa Monica has to offer as well as seamless transit to the surrounding West Los Angeles area.2302 32nd Street offers a unique opportunity to traditional or owner-occupied investors alike. The asset offers a cash-flowing stabilized investment alongside potential to convert as well as add additional ADU's on the premises.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 163,214 |
| Total Annual Expense: | $ 45,365 |
| Net Operating Income: | $ 117,849 |
| Gross Annual Income: | $ 131,148 |
| Cap Rate: | 5.31% |
| Gross Rent Multiplier: | 13.28 |
Structure
| Type of Units: | Dwellings |
| Buildings: | 3 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Other, Garage - 2 Car |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
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