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    2623 28Th St

    Santa Monica, CA 90405
    • $1,680,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 20-607372
    UPDATED: 41 min ago
    $1,680,000
    • 5
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,140
      SQFT
    • $785
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:
    Area:

    Description

    An Excellent opportunity has become available to own this Triplex located in the prime Ocean Park Business area of Santa Monica. This Triplex features the following units, Unit-1 is a 3bed-2bath with a well-designed specious floor plan and a large private patio. Unit-2 and Unit-3 are 1bed-1bath. Currently Unit-1,Unit2 are tenant occupied and below market rent. This Triplex is great for owner user or as an investment property (Great upside in market rent potential ) and Great opportunities for future development. Walking distance to "Hip" Ocean Park restaurants, shops. Property is under SM rent control regulations. Property is sold in Its AS-IS condition. Buyer to do their own investgation regarding rent control, square footage, lot size permits etc. Please do not disturb tenants. Private showing vacant unit only with signed Sotheby's International Realty COVID-19 prevention Plan for in-person visits form.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T06:43:38.397. 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/108174017
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    2623 28Th St Santa Monica, CA 90405

    • Price: $1,680,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 20-607372
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,140
    SQFT
    $785
    $/SQFT
    1945
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    An Excellent opportunity has become available to own this Triplex located in the prime Ocean Park Business area of Santa Monica. This Triplex features the following units, Unit-1 is a 3bed-2bath with a well-designed specious floor plan and a large private patio. Unit-2 and Unit-3 are 1bed-1bath. Currently Unit-1,Unit2 are tenant occupied and below market rent. This Triplex is great for owner user or as an investment property (Great upside in market rent potential ) and Great opportunities for future development. Walking distance to "Hip" Ocean Park restaurants, shops. Property is under SM rent control regulations. Property is sold in Its AS-IS condition. Buyer to do their own investgation regarding rent control, square footage, lot size permits etc. Please do not disturb tenants. Private showing vacant unit only with signed Sotheby's International Realty COVID-19 prevention Plan for in-person visits form.
    Exterior Features

    Cross Streets Ocean Park / 28th Direction Faces West Levels OneGround Level Lot Size Area 5984 Other Structures None Parking Garage Uncovered Patio Features Other - See Remarks Pool Description None Pool YN No Roof Composition Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 3 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 4.00 Common Walls Attached Cooling None Equipment None Flooring LaminateCarpetTileMixed Heating OtherWall Laundry Other Water Heater Features GasWater Heater Unit

    Property Features

    ADACompliance No Amenities None Assessed Total Value 353941 Disability Access None Gardener Expense 800.00 Gross Income 90000 Gross Operating Income 90000 Insurance Expense 1500.00 Like Units1 1 Like Units2 1 Like Units3 1 Maintenance Expense 3000.00 Net Operating Income 61500.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Security Features Smoke Detector Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 28500 Trash Expense 400.00 Type Of Units Triplex Water PublicWater DistrictMeter On Property Water Expense 1800.00 Water Heaters YN Yes Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Misako Kuroshima DRE#01404827 of Sotheby's International Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T06:43:38.397. 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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