2403 Centinela Avenue Santa Monica, CA ^$ 3,990,000

2403 Centinela Avenue

^$ 3,990,000

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2403 Centinela Avenue

Santa Monica, CA, 90405

^$ 3,990,000

Bedrooms11 Baths11.0 Sq 5,337

Monthly Estimate*

^$ 27,871

Listed by Lambert Investments, Inc.

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 1

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 2

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 3

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 4

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 5

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 6

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 7

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 8

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 9

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 10

2403 Centinela Avenue, Santa Monica, CA 90405 - Image 11

Multi-Family Home for sale in Santa Monica, CA

for $3,990,000 with 11 bedrooms and 11 full baths. This 5,337 square foot home was built in 1937 on a lot size of 0.4138.

This is a private bungalow enclave and compound with no detail overlooked. Property was taken down to studs and fully rebuilt. Most units have never been occupied. Recent Multi-Million Dollar remodel by award-winning architect, the property includes 11 charming single-level residences. This is a huge 18,027 Square Foot Lot. 6.5 CAP at asking price. Unit mix: one two-bedroom unit, six one-bedroom units and four singles. All with kitchens and high-end appliances, including Mini Split Heating/AC Units and washer/dryers! These homes showcase modern stainless steel kitchen appliances and elegant wood flooring, as well as energy-efficient dual pane windows for sound suppression. Each residence includes allocated parking for one vehicle, including seven garages, new automatic garage doors plus 5 parking spaces. The lush landscaping of the communal areas is meticulously kept and includes beautiful sycamores, enhancing the overall appeal. Please do not curb appraise.

Multi-Family Active

Price

^$ 3,990,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.4138

Year Built

1937

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

23323957

Days on Market

191

Features

General

Sewer SewerTapPaid

Heating Combination NaturalGas

Possession CloseOfEscrow

Roof Composition Shingle

Appliances GasRange Microwave Oven

Zoning SMR2*

Garage Spaces 7.0

Architectural Style Bungalow

Pool Features None

Security Features CarbonMonoxideDetectors FireDetectionSystem SecurityGate GatedCommunity KeyCardEntry SmokeDetectors

Exclusions Furniture

Year Built 1937

Tenant Pays Electricity

View Courtyard

Stories 1

Levels One

Gross Income 364140.0

Community Features Gated

County Los Angeles

Net Operating Income 262529.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Between Pico and Pearl on Centinela Ave.

City Santa Monica

View Y/N Y

Senior Community Y/N N

High School District Santa Monica-Malibu Unified

Open Parking Spaces 5.0

Total Units 11

MLS Area C14 - Santa Monica

Lot Size Square Feet 18027.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Centinela

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Property Condition UpdatedRemodeled RepairsMajor

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 146

Standard Status Active

Occupancy Description Vacant

Year Built Source Other

Cap Rate 6.58

Exterior

Parking Features ControlledEntrance Driveway ElectricGate

Lot Features Landscaped

Water Source Public

Total Parking 12.0

Inclusions Appliances: Washer Dryers Stainless stoves and Micros. Entry card reader system. Security camera system.

Lot Size Area 18027.0

Number of Buildings 4

Spa N

Building Area Total 5337.0

Lot Size Acres 0.4138

Lot Size Units SquareFeet

Lot Size Source Other

Number of Separate Gas Meters 11

Number of Separate Electric Meters 11

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features BlowerFan Bath Decorative Electric Kitchen

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Window Features Blinds

Fireplace Y/N Y

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Laundry Features Stacked

Total Bedrooms 11

Electric On Property Y/N N

Total Baths 11

Internal Only

Street Number 1 2403

* Excluded Features

List By

Lambert Investments, Inc.

Broker

(310) 453-9656

Phone

Affordability Calculator

$27,871

Per Month

Monthly Principal & Interest: $27,871
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Monica, CA

Average List Price ^$3,871,423

Percent of Sale Price 3%

About Santa Monica, CA

92,541 Population

10% Since 2002

^$89,894 Median Income

42.46 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4339051 Elementary School

4338635 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$3,990,000	-16.00%	Price Down
10/22/2023	$4,750,000		Listed Price

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2403 Centinela Avenue, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $3,990,000 with 5,337 sqft and a lot size of 0.4138. 2403 Centinela Avenue has 11 bedrooms, 11.0 baths, and was built in 1937. The property's zip code is 90405 which is in Santa Monica, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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, 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.

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2403 Centinela Avenue

Multi-Family Home for sale in Santa Monica, CA

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