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$7,000,000
139 Days Online

2103 3rd Street
Santa Monica, CA 90405

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.

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(866) 538-6057
2103 3Rd Street2103 3Rd Street2103 3Rd Street2103 3Rd Street
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Monthly Payment (Est.)

$31,937
Calculator powered by Showcase IDX. Copyright ©2022 Information is deemed reliable but not guaranteed.

One of the most architecturally unique buildings in all of Santa Monica! 2103 3rd St is a 16-unit asset located in the beautiful Santa Monica submarket, Ocean Park. The subject property is legally 15 units and has one nonconforming studio unit. This "A+" location, with great curb appeal, is located just minutes from the beach! This 16 value-add deal has over 30% upside in rents, once units are rented for the market. 7 units will be delivered tenant-ready offering immediate upside! 2103 3rd St has a great unit mix of (9) 1-Bd/1-Ba, (4) 2- Bd/1-Ba & (3) Studio units. These spacious units feature hardwood flooring and high ceilings. There are also 20 onsite parking spots for tenants, some being covered parking. There is also a laundry room onsite. There is still plenty of room to increase the rents and achieve a 6.34% Market CAP and 11.55 GRM. The subject property is only minutes away from millions of dollars in development, including Third Street Promenade, Santa Monica Airport, Miramar Hotel, and multiple mixeduse projects. This value-add property is an ideal pickup for any investor looking for a trophy asset with plenty of upside, in an A+ location.

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Listing Snapshot
Price 
$7,000,000
Days Online 
139 Days
Bedrooms 
N/A
Inside Area (SqFt) 
12,321 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2934 Acres
Year Built 
1905
MLS Number 
SB22152092
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
5 months agoListing first seen online
General Features
Parking Spaces 
20
Sewer 
Public Sewer
Acreage 
0.2934
Water 
Public
Garage Spaces 
2
Zoning 
SMOP2*
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Lot 
Item01 Unit Acre
Community Features
Community Features 
CurbsGolfHikingUrban
Senior Community 
No
MLS Area 
C14 - Santa Monica
Crmls Logo Real Estate For Sale

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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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