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    2301 5Th St

    Santa Monica, CA 90405
    • $2,849,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 20-620458
    UPDATED: 69 min ago
    $2,849,000
    • 4
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,828
      SQFT
    • $1,559
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    Description

    Professionally designed and largely rebuilt duplex crafted and curated for the owners own use. 2 private fenced & gated compounds blend location, style & serenity w/indoor-outdoor living, moments to Main St and the beach. The owners unit was taken down to the studs & redesigned by an award-winning architect: 2 bd + den, 1.5 ba, open concept living w/cooks kitchen, soaring ceilings, walls of glass, hrdwd flrs, expansive landscaped garden, adj studio/office (not incl in sf) and 2-car garage. The second 2 bd, 1 ba home features casement windows overlooking private garden, updated kitchen & bath, hrdwd flrs & multiple areas to entertain. Each home offers individual laundry and AC. Duplexes of this quality, condition & cash flow are rarely available. Perfect for an owner-user who wants to occupy the vacant unit while enjoying rental income that will cover a large portion of the carry cost. With projected superior gross income of $154,800, this is also an outstanding investment opportunity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T14:42:53.337. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109159604
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    2301 5Th St Santa Monica, CA 90405

    • Price: $2,849,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 20-620458
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,828
    SQFT
    $1,559
    $/SQFT
    1950
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    Professionally designed and largely rebuilt duplex crafted and curated for the owners own use. 2 private fenced & gated compounds blend location, style & serenity w/indoor-outdoor living, moments to Main St and the beach. The owners unit was taken down to the studs & redesigned by an award-winning architect: 2 bd + den, 1.5 ba, open concept living w/cooks kitchen, soaring ceilings, walls of glass, hrdwd flrs, expansive landscaped garden, adj studio/office (not incl in sf) and 2-car garage. The second 2 bd, 1 ba home features casement windows overlooking private garden, updated kitchen & bath, hrdwd flrs & multiple areas to entertain. Each home offers individual laundry and AC. Duplexes of this quality, condition & cash flow are rarely available. Perfect for an owner-user who wants to occupy the vacant unit while enjoying rental income that will cover a large portion of the carry cost. With projected superior gross income of $154,800, this is also an outstanding investment opportunity.
    Exterior Features

    Covered Parking 2 Cross Streets 5th St And Strand St Entry Location Ground Level W/Steps Exterior Construction Stucco Garage Structures Total 1 Levels One Lot Description CurbsBack YardFencedFront YardLandscapedLot-Level/FlatSidewalksStreet Asphalt Lot Location Corner Lot Lot Size Area 5612 Other Structures Other Parking Garage Garage - 2 CarDetachedOn Street Patio Features Patio OpenDeck(S) Paved YN No Pool Description Room For Pool YN No Roof CompositionShingle Spa None Spa YN No Sprinklers Sprinkler System Style Modern Tennis Court None Tennis YN No Total Parking 2 View Description None View YN No Water Frontage None

    Interior Features

    Bathroom Features Shower Over TubPowder RoomShower And TubRemodeled Baths Total 3.00 Bedroom Features Master Bedroom Common Walls Attached Cooking Appliances Gas Cooling CentralCeiling Fan Den Yes Dining Room No Equipment Ceiling FanDishwasherDryerGarbage DisposalWasherRefrigeratorRange/OvenBuilt-InsStackable W/D Hookup Family Room No Fireplace Rooms Fire PitGas Flooring HardwoodTile Heating Central Interior Features High Ceilings (9 Feet+)Recessed LightingTurnkeyOpen Floor Plan Kitchen Features Gourmet KitchenRemodeled Laundry In Unit Laundry Equipment Own Rooms Great RoomDen/OfficeBreakfast AreaLiving RoomPatio OpenPowderDining AreaOther Windows Bay WindowCustom Window Covering

    Property Features

    Alley YN No Amenities None Assessed Total Value 1319415 Gross Income 154800 Gross Operating Income 154800 Land Lease Type Fee Like Units1 1 Like Units2 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 2 Owner Pays Gardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricityTrash CollectionCable TvWater Total Annual Expense 0 Type Of Units Duplex Water In Street Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smop2*

    Listing provided courtesy of Tregg Rustad DRE#01349144 of Rodeo Realty - Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T14:42:53.337. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355