$1,720,000
$1,748,755
1.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,807 SqFt
SOLD DATE : 05/28/2024
Key Details
Sold Price $1,720,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,807 sqft
Price per Sqft $951
MLS Listing ID 24378759
Sold Date 05/28/24
Bedrooms 3
HOA Y/N No
Year Built 1940
Lot Size 6,429 Sqft
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 C14 - Santa Monica
Zoning SMR2*
Rooms
Ensuite Laundry None
Interior
Interior Features Beamed Ceilings
Laundry Location None
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Oven
Laundry None
Exterior
Garage Door-Multi, Driveway, Garage, Private, On Street
View Y/N Yes
View Ocean
Porch Deck, Front Porch, Porch
Parking Type Door-Multi, Driveway, Garage, Private, On Street
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4284026002
Special Listing Condition Standard
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Bought with Kim Allen • RE/MAX One