2306 3rd

Santa Monica Santa Monica, CA, 90405
For Sale $4,950,000
  • 0.14acre
Listing agents:
Brett Lyon
License #01717818
Lyon Stahl Investment Real Estate, Inc.
Woody Stahl
License #01399621
Lyon Stahl Investment Real Est
Situated in the picturesque Ocean Park neighborhood of Santa Monica, 2306 3rd Street stands as a rare gem for investors seeking a prestigious addition to their portfolio. Sitting on a double lot, this legacy 12-unit property features an eclectic mix of residential options, including (1) 4-unit building, (1) duplex, (1) single-family residence with an attached studio, and (4) detached bungalows. With a unit mix of (3) 2-bed/1-bath, (8) 1-bed/1-bath, and (1) studio, the property offers a total of 7,937 square feet of rentable space on a generous 12,703 square foot lot. Boasting a 4.25% CAP rate and a market CAP rate of 6.35%, the investment potential is substantial. Residents enjoy the perfect blend of comfort and convenience, enhanced by the property's prime location. Positioned just blocks from the beach and within walking distance of top-tier retail and restaurants, 2306 3rd Street benefits from its enviable location between Venice Beach and Downtown Santa Monica. Whether you're seeking steady returns or aiming to capitalize on the area's dynamic growth, this property represents a compelling opportunity in coveted location.

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2306 3rd is a Residential Income Mixed Use property located in Santa Monica, California, featuring a 0.143 acre lot, MLS #SB24155287.

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Data last modified: 2024-10-22 17:17:38