$1,720,000
$1,748,755
1.6%For more information regarding the value of a property, please contact us for a free consultation.
2505 14th St Santa Monica, CA 90405
3 Beds
3 Baths
1,807 SqFt
Key Details
Sold Price $1,720,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,807 sqft
Price per Sqft $951
MLS Listing ID 24-378759
Sold Date 05/28/24
Style California Bungalow
Bedrooms 3
Year Built 1940
Lot Size 6,431 Sqft
Acres 0.1476
Property Description
2505 14th Street presents a unique investment opportunity in the highly desirable Sunset Park neighborhood of Santa Monica, just 1 mile from the beach. This triplex, built in 1940, is composed of 2 separate structures consisting of (3) 1 Bed + 1 Bath units, totaling approximately 1,807 square feet on a 6,429 square foot lot Zoned SMR2. With a current cap rate of 4.0% and a market cap rate of 6.0%, this property is an attractive opportunity for investors seeking a location-driven asset with strong upside potential.
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMR2*
Rooms
Other Rooms None
Dining Room 0
Kitchen Tile Counters
Interior
Interior Features Built-Ins, Beamed Ceiling(s)
Heating Wall
Cooling Wall/Window, Ceiling Fan
Flooring Mixed, Hardwood, Tile, Vinyl, Wood Laminate
Fireplaces Type None
Equipment Range/Oven
Laundry None
Exterior
Garage Driveway, Garage - 3 Car, Private Garage, Private, On street
Garage Spaces 3.0
View Y/N Yes
View Ocean, Walk Street
Building
Lot Description Walk Street, Fenced Yard, Sidewalks, Curbs
Story 2
Architectural Style California Bungalow
Level or Stories Two
Others
Special Listing Condition Standard
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