3017 4th St - Multi-Family FOR SALE


Santa Monica, CA 90405- Ocean Park
$2,450,000 USD
310-780-1899
3017 4th St, Santa Monica, CA for Sale
$2,450,000 USD
Multi-Family - FOR SALE
1/42
null | 4.91% Cap Rate

3017 4th St
Santa Monica, CA 90405
Ocean Park


HIGHLIGHTS

  • Excellent Unit Mix: (1) 3-Bed/2-Bath Townhome, (1) 2-Bed/1-Bath, (2) 1-Bed/1-Bath Units
  • Rear Unit Is A Spacious 2-Story Townhome With Private Backyard Patio
  • Two Units Will Be Delivered Vacant, Offering Immediate Upside And Owner-User Flexibility
  • 4.91% Current CAP Rate With Upside To 6.25% Pro Forma CAP | Prime Ocean Park Location Just Blocks From The Beach, Main Street, And Rose Avenue Retail
  • Located On A 7,512 SF Lot With Approximately 3,379 SF Of Rentable Space
  • Parking Includes (3) 1-Car Garages + (1) Additional On-Site Space

OVERVIEW

3017 4th Street presents a well-located 4-unit multifamily investment opportunity in the highly sought-after Ocean Park neighborhood of Santa Monica. Situated on a 7,512 SF lot, the property offers approximately 3,379 SF of rentable space and features a desirable unit mix consisting of (1) 3-Bed/2-Bath Townhome, (1) 2-Bed/1-Bath, and (2) 1-Bed/1-Bath units. The rear unit is a spacious 2-story townhome that includes a private backyard patio, providing a highly desirable living environment and strong tenant appeal. The property also offers immediate upside with two units delivered vacant, allowing an investor to achieve market rents or an owner-user to occupy a unit while generating income from the remaining units. With solid in-place income and clear rental upside, the property operates at a 4.91% CAP rate with the potential to reach a 6.25% pro forma CAP. Located just blocks from the beach and within close proximity to Main Street and Rose Avenue, 3017 4th Street benefits from strong rental demand in one of the most supply-constrained coastal submarkets in Los Angeles, making it an attractive opportunity for both investors and owner-users.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

4

PRICE/UNIT

$612,500

CAP RATE

4.91%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3017 4th St, Santa Monica

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,512 SF

ZONING

SMOP2*

APN/PARCEL ID

4287-027-003

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.