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

2823 2nd Street

^$ 6,850,000

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2823 2nd Street

Santa Monica, CA, 90405

^$ 6,850,000

Studio Baths0.0

Monthly Estimate*

^$ 47,849

Listed by Laurie J. Lustig

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

24372087

Days on Market

Features

General

Zoning SMOP2*

HOA 0.0

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Main Street Neighborhood

City Santa Monica

View Y/N N

Senior Community Y/N N

Total Units 12

MLS Area C14 - Santa Monica

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 2nd

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 32

Standard Status Active

Exterior

Total Parking 0.0

Spa N

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 2823

* Excluded Features

List By

Laurie J. Lustig

Broker

(310) 550-2556

Phone

Affordability Calculator

$47,849

Per Month

Monthly Principal & Interest: $47,849
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

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 ^$5,370,041

Percent of Sale Price 22%

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.

273443 Elementary School

272636 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 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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2823 2nd Street

Commercial Property for sale in Santa Monica, CA

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