8 Beds
6 Baths
3,802 SqFt
8 Beds
6 Baths
3,802 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,802 sqft
Price per Sqft $761
MLS Listing ID SR24203284
Bedrooms 8
Full Baths 6
HOA Y/N No
Year Built 1988
Lot Size 4,839 Sqft
Property Description
The private compound, was originally built in 1920 and in 1988 the construction of (2) detached apartment units and workshop were completed. Over the course of the last few years, the property has undergone extensive renovation to both the main home, as well as the apartment units at the rear of the property.
This wonderful opportunity encompasses an impressive 3,802 sq ft and consists of a 4 Bedroom + 3 Bath Two-Story Single-Family Home with a private 106 sq ft 3rd floor rooftop terrace, as well as (2) detached 2-Bedroom apartment units at the rear of the property averaging 895 sq ft in a 3-story structure with the 4th floor consisting of a massive 628 sq ft sundeck and lounge with partial views of the Pacific Ocean and surrounding city. *In addition, there’s a 1st floor, non-conforming studio unit that could be used as an office or potentially converted into a legal apartment unit.
**The home and units are individually metered for gas and electric with individual hot water heaters, allowing for the homeowner to live in the main home, while offsetting both the mortgage and utilities through Airbnb’ing the units or leasing them to longer-term tenants rental income of the apartment units.
(1) Single-Family Home - Four-Bedroom + Three-Bath
(1) Two-Bedroom + Two-Bath - $3,795 p/month
(1) Two-Bedroom + One-Bath - $3,850 p/month
(1) Studio + One-Bath (*Non-Conforming Unit)
Santa Monica, California, is one of the most sought after and highly desirable coastal cities known for its vibrant culture, beautiful beaches, and thriving economy. Santa Monica's real estate market is characterized by high demand and limited supply, resulting in property values that are among the highest in the region.
*Buyer to Verify with the City of Santa Monica
**All material presented herein is intended for discussion purposes only. It is the sole responsibility of the Buyer to conduct their own due diligence as to the accuracy of the information contained herein and the Seller nor their agents make any warranties expressed or implied.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Rooms
Main Level Bedrooms 2
Interior
Interior Features Bedroom on Main Level, Galley Kitchen, Loft, Primary Suite, Workshop
Cooling None
Fireplaces Type Den, Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage On Site
Garage Spaces 3.0
Carport Spaces 4
Garage Description 3.0
Pool None
Community Features Biking, Curbs, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks, Urban, Water Sports
View Y/N Yes
View Ocean
Attached Garage Yes
Total Parking Spaces 7
Private Pool No
Building
Lot Description Back Yard, Front Yard, Garden, Lawn, Level, Near Public Transit, Rectangular Lot, Secluded, Street Level, Walkstreet, Yard
Dwelling Type Triplex
Story 4
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4287037029
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
