815 3rd st, Santa Monica, CA 90403
Active
$6,295,000
9%
5 Units
9 Beds
11 Baths
4,894 Area(sq.ft.)
Lot: 7,524 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | n/a | $ 57,000 | $ 10,000 |
| Unit 2 | 2 | 3 | 3.50 | No | n/a | n/a | $ 13,500 |
| Unit 3 | 3 | 1 | 1.50 | No | n/a | n/a | $ 7,000 |
| Unit 4 | 4 | 1 | 1.50 | No | n/a | n/a | $ 6,000 |
| Unit 5 | 5 | 2 | 2.50 | No | n/a | n/a | $ 7,500 |
| 15 | 25 | 39 | $ 0 | $ 57,000 | $ 119,500 |
| MLS #: | 25497849 |
| Days On Market: | 356 |
| Listing Date: | February 13, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,286 |
| Price per unit: | $ 1,259,000 |
| Year Built: | 1911 |
Property Details
Class A Income producing trophy property or single family home alternative in ultra prime north Santa Monica location. Currently has one master tenant in place and can be delivered vacant or with current tenants. Tenants terms are negotiable but currently there are 19 years left on the lease and most likely can be rented for $39k per year with 1.5% increases annually. Tenants handle the majority of repairs. Current I/O loan of $2,270,672 at 5.50% is also assumable depending on buyer credit.Located near the intersection of the 3rd and Montana you are steps away from all the best that this highly sought after city has to offer. Step outside and within minutes your toes are in the sand or you are shopping and dining on Montana Ave or 3rd Street Promenade. This unique property can be configured currently as 4 to 6 units depending on one's needs or very easily be a single family home with your front house being a 5 bedroom main house with three guest units in the rear. Property has had many upgrades and is move in ready. There are 8 covered parking spaces and tons of storage in the garage. This is an incredible opportunity for anyone who wants to own a legacy style asset with the ultimate flexibility in configuration. Inquire for more details and showing.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 0 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
| Gross Annual Income: | $ 0 |
| Gross Rent Multiplier: | 0.00 |
Structure
| Type of Units: | Attached |
| Buildings: | 2 |
| Levels: | Three Or More |
| Style: | Traditional |
Land & Parking
| Zoning: | SMR3* |
| Parking Garage: | Detached, Garage Is Detached, Garage - 4+ Car, Private Garage |
Interior
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Dryer, Garbage Disposal, Hood Fan, Refrigerator, Washer, Range/Oven, Ceiling Fan |
| Heating: | Central |
Exterior
Detailed Map
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