See Docs Section for OM. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 2820 3rd St., a six (6) unit apartment property built in 1962. The property is located one parcel north of the corner of Ashland Ave. and… Read More 3rd Street, one block east of retail, dining and entertainment on Main Street and three blocks from the Ocean, in a prime part of Santa Monica. Property Description: 2820 3rd St., is a six (6) unit apartment property consisting of one two-story building, constructed of wood frame and stucco in 1962. The unit mix boasts all large 2bed+2bath units. The property totals 4,636 building square feet that sits on a 5,369 square foot lot. PROPERTY DETAILS: The property features all spacious two-bedroom, two-bathroom units of which most have some level of recent renovation. Both bathrooms are inside the bedrooms, a unique dual master bedroom feature making the units ideal for families or roommates. Each unit also features open kitchens and large living areas. Select units boast floor-to-ceiling windows and hardwood flooring throughout, providing an upscale aesthetic. The bottom unit facing 3rd St. enjoys the added benefit of a large, private, fenced-off outdoor patio, an attractive and rare feature for tenants seeking outdoor space. All units are separately metered for electricity and gas and the landlord pays for tenant water/sewer and trash. Parking is provided on site with seven (7) spaces, with some covered by a tuck-under carport. Tenants also have access to six (6) storage lockers in the parking area and laundry is provided on-site in a separate laundry room. Investors may also want to explore the possibility of ADU conversion for the tuck under parking area. Based on retrofit work that was completed by a prior owner back in 1997, the City of Santa Monica has approved the property as in compliance for the soft-story retrofit requirement. Read Less
Courtesy of Equity Union 818-989-2000
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,636
Lot Size
0.12 Acres
Year Built
1962
MLS Number
25505533
30 Days Snapshot Of 90405
$2,643k
-3%
(avg) sold price
26
+85%
homes sold
70
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4,636 sq ft, Built in 1962, Levels: Two
Disclosures
None
Lot
LotAcreage: 0.1233, LotSizeArea: 5,369
Parking
TotalParking: 7
Property
NumberOfUnits: 6, Zoning: SMOP2*
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