1008 2nd St

Santa Monica, CA 90403 View Map $9,850,000 Schedule a Tour
Sq.Ft. Lot7,496
Year1969
Schedule a Tour
Customer Support

Customer Support

(310) 982-2107
 
ASAP
Mon
18
Oct
Tue
19
Oct
Wed
20
Oct
Thu
21
Oct
Fri
22
Oct
Sat
23
Oct
Sun
24
Oct
Choose Your Date -- It's Free, Cancel Anytime
Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:21794864
On Site:5 Days
Lot Size:7,496 Sq. Ft.
County:Los Angeles
1008 2nd Street is an incredible asset in the heart of LAs famed beach City of Santa Monica. Originally built in 1969, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. Each of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.There is significant rental upside and on-site parking for 21 cars as well as an on-site laundry facility. The unit mix includes (1) 2-bed, 3-bath with a den unit, (4) 2-bed, 2-bath units, (5) 1-bed, 2 bath with a den units, and (4) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.A quick walk to Third Street Promenade and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:1008 2nd St Santa Monica, CA 90403
Zip Code:90403

Architecture

Year Built:1969
Stories:3
Building Area: 15600.0
Number of Buildings: 1
Total Units: 14
Stories Total: 3
Unit 1: 4 Units•1 Bed•1 Bath•Unfurnished•$2,215 actual rent•$8,860 total rent•$12,780 pro forma
Unit 2: 5 Units•1 Bed•2 Baths•Unfurnished•$2,903 actual rent•$14,513 total rent•$20,475 pro forma
Unit 3: 4 Units•2 Beds•2 Baths•Unfurnished•$3,441 actual rent•$13,766 total rent•$17,180 pro forma
Unit 4: 1 Unit•2 Beds•3 Baths•Unfurnished•$4,542 actual rent•$4,542 total rent•$4,595 pro forma
Parking Features: Covered
Parking Total: 21.0

Property Features

Lot Size: 0.17 Acres / 7,496 Sq. Ft.
Zoning:SMR3*
Directions:1 block East of Ocean Avenue, in between California Avenue and Washington Avenue

Tax and Financial Info

Gross Income: $500,169
Net Operating Income: $301,220

Listing Agent/Office

Listing provided courtesy of Jonathan Taksa, Remax Commercial And Investment Realty.

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...

Schedule a Tour

1008 2nd St Santa Monica, CA 90403
GO SEE THIS LISTING
1008 2nd St Santa Monica, CA 90403
 
ASAP
Mon
18
Oct
Tue
19
Oct
Wed
20
Oct
Thu
21
Oct
Fri
22
Oct
Sat
23
Oct
Sun
24
Oct
Choose Your Date -- It's Free, Cancel Anytime
Printable Flyer Get Directions
Based on information from California Regional Multiple Listing Service, Inc. as of October 17, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.