2823 2nd Street Santa Monica, CA ^$ 6,850,000

2823 2nd Street

^$ 6,850,000

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New Construction

2823 2nd Street

Santa Monica, CA, 90405

^$ 6,850,000

Studio Baths0.0

Monthly Estimate*

^$ 47,849

2823 2nd Street, Santa Monica, CA 90405 - Image 1

2823 2nd Street, Santa Monica, CA 90405 - Image 2

2823 2nd Street, Santa Monica, CA 90405 - Image 3

2823 2nd Street, Santa Monica, CA 90405 - Image 4

2823 2nd Street, Santa Monica, CA 90405 - Image 5

Studio

Commercial Property for sale in Santa Monica, CA

for $6,850,000.

INCLUDES TO-BE-BUILT 3 PERMIT READY ADUs! CBRE, as exclusive agent, is pleased to present for sale an exceptionally located Santa Monica value-add opportunity comprised of 12 existing apartment units, together with approved and permit-ready plans to build three accessory dwellings units (ADUs), for a potential total of 15apartment units, walking distance to the Pacific Ocean. Located at the northeast corner of 2nd Street and Ashland Avenue in Santa Monica's Main Street neighborhood, 2823 2nd Street includes an existing 12-unit apartment property, of which four units were recently gut renovated and completely modernized with copper plumbing, tankless water heaters, mini-split HVACs

Commercial Active

Price

^$ 6,850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

0024372087

Features

General

Zoning SMOP2*

County Los Angeles

Property Type F

Status Active

City Santa Monica

MLS Area C14 - Santa Monica

Lot Size Square Feet 0.0

Street Name 2nd

Standard Status Active

Exterior

Lot Size Area 0.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Laurie Lustig

Listing Agent

Laurie J. Lustig

Broker

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$47,849

Per Month

Monthly Principal & Interest: $47,849
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

Commerical listings in Santa Monica, CA

Average List Price ^$5,793,366

Percent of Sale Price 15%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/23/2024	$6,850,000		Listed Price

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2823 2nd Street, Santa Monica, CA, 90405 is a Commercial Property for sale at $6,850,000. 2823 2nd Street is a studio with 0.0 baths. 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/8/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2823 2nd Street

Commercial Property for sale in Santa Monica, CA

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