Pending
2615 2nd Street
Santa Monica CA, 90405
$3,800,000
$809.20 per sqft
Pending
4,696 sqft
Condo
Built in 1962
Listed by Han Chen with Growth Investment Group Pasade 626-594-4900
Priced at high 4.47% CAP Rate for this location, 2615 S 2nd St, a prime apartment complex boasting 7 units situated just 2 blocks from the water. The property is in the Ocean Park area, just a block from Main Street. Only 2 blocks from the beach, this property has an almost perfect walk score of 98 and bike score of 86. It is located in an excellent demographics area of +-$131,779 average household income within a mile radius. The property has been upgraded extensively and its soft-story parking has been seismically retrofitted. It has copper plumbing throughout, updated sewer line, updated electrical, and double pane windows throughout. In addition, the property has security camera systems installed. Almost turnkey condition where major systems have been upgraded and 6 out 7 units have been completely upgraded.
The property is an attractive 2-story modern, mid-century apartment that was built in 1962. It offers an excellent curb appeal and has a total of +-4,696 square feet building size; it is situated on a +-6,487 square feet lot.
The property offers six (6) 1bedroom+1bathroom and one (1) large 2bedroom+2bathroom units. All units (except #1) have been completely upgraded with modern upgrades which include recessed lighting, new flooring throughout, in-unit washer/dryer, new kitchen with quartz countertops + new kitchen cabinets + dishwasher, new bathroom with new vanity cabinets, and mirrored closet doors. The 2 bedroom unit is large and bright with desirable layout and has been fully upgraded.
There are 7 assigned parking spaces (5 carports + 2 open). The parking soft-story area has been seismically retrofitted according to code. Each unit is separately metered for electricity and gas.
Located in the southwest corner of Santa Monica is the Ocean Park neighborhood. The Ocean Park neighborhood is unique in the sense that it has one of the highest proportions of one, two, or no (studio) bedroom real estate of any neighborhood in America. This means it has a higher proportion of its residents employed as executives, managers and professionals - in comparison to the 98.4% of the neighborhoods in America. Many Santa Monica residents come to shop/browse on Main Street, home of many boutiques, restaurants, as well as a local farmer's market every Sunday. SMASH (an alternative school), Olympic High and John Muir elementary are schools located in the neighborhood.
AR23176881
MLSⓇ ID
September 21, 2023
Listed
April 18, 2024
Updated
Map
2615 2nd Street
Santa Monica CA, 90405
Interior Features
Total Stories
2
Appliances
Dishwasher, Gas Range, Dryer, Washer
Laundry Description
Inside, None
Floor Description
Carpet, Vinyl, Wood
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Level, Near Public Transit, Rectangular Lot, Street Level
Architectual Style
Mid-Century Modern
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
C14 - Santa Monica
Days on Market
209
Garage
No
Parking
Assigned, Carport
Parking Total
7
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
SMOP2*
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
4/18/2024 | Pending | — |
3/21/2024 | Price Change | $3,800,000 -3% |
1/26/2024 | Price Change | $3,900,000 -5% |
Listing Contact: 626-594-4900
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/18/2024. 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, 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/18/2024 at 2:08 AM UTC