Properties
Santa Monica, CA 90405 2432 3Rd Street
$5,668,888
57 more
Presented By: David Saikaly with Locals Real Estate; davidsaikaly@gmail.com
SQFT • 4,400
Garage • 1
Home Details
Welcome to 2432 3rd St, a historic and charming multi-family property located in the heart of Santa Monica, CA. Built in 1918, this unique home boasts a total of 7 bathrooms and a spacious finished area of 4,400 square feet. Situated on a generous lot size of 6,495 square feet, this property offers plenty of outdoor space for relaxing and entertaining. Incredible and spacious 1920s Spanish style two-story duplex in front and classic craftsman shotgun bungalows nestled in back inside separate private compound. Entire property is gated for privacy and serenity. In historic Ocean Park, just 3 blocks from the beach and steps to world famous Main St with delicious and exciting nightlife, but also the calming quiet of the waves heard at night, and soothing breeze during the day. Fruit, flowering and other privacy trees and hedges see occasional southern California squirrels, hummingbirds and doves at play. Has driveway parking for up to 5 cars (one being in the carport.) An extensive and legal remodel and expansion completed in 2020, 2021, and 2023, the large breathtaking units are able to be quickly and easily rented out short or long term with a solid return on investment with the enticement of the beach location locking in a solid long term growth potential. Important note: square footage and rooms here are correct.
Presented By: David Saikaly with Locals Real Estate; davidsaikaly@gmail.com
Interior Features for 2432 3Rd Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall, End Unit, No One Above, No One Below
Fireplace FeaturesInsert, Free Standing, Gas, Wood Burning Stove
Fireplace Y/NYes
FlooringBamboo, Concrete, Tile, Wood
Heating Y/NYes
Interior AmenitiesBuilt-in Features, Block Walls, Ceiling Fan(s), Crown Molding, Cathedral Ceiling(s), Furnished, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage, Smart Home, Tandem, Attic, Bedroom on Main Level, Entrance Foyer, Galley Kitchen, Instant Hot Water, Main Level Primary, Utility Room, Walk-In Closet(s)
Laundry FeaturesCommon Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, In Kitchen, In Carport, Outside, Stacked
Total Stories2
Other Rooms
Entry Level1
General for 2432 3Rd Street
AccessibilitySafe Emergency Egress from Home, No Stairs, Parking, Accessible Doors, Accessible Hallway(s)
Additional Parcels Y/NNo
AppliancesBarbecue, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Range, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan, Water To Refrigerator, Water Heater, Dryer, Washer
Architectural StyleBungalow, Cape Cod, Craftsman, Spanish, Shotgun, Traditional, Patio Home
Cap Rate
Carport Spaces1
Carport Y/NYes
CitySanta Monica
Community FeaturesBiking, Curbs, Dog Park, Hiking, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports, Park
Construction MaterialsBlock, Drywall, Frame, Hardboard, Concrete, Redwood Siding, Shingle Siding, Stucco, Steel, Wood Siding, Copper Plumbing
CoolingDuctless, Electric, ENERGY STAR Qualified Equipment, Gas, High Efficiency, Heat Pump, Wall/Window Unit(s)
CountyLos Angeles
Directions3rd Street between Mills Street and Hollister
DisclosuresAccessory Dwelling Unit, Coastal Zone
Electric220 Volts in Garage, Standard, 220 Volts
Energy EfficientAppliances
Entry LocationFront
Garage Spaces1
Garage Y/NYes
Gross Income260000
HOANo
HOA Fee$
HeatingElectric, ENERGY STAR Qualified Equipment, High Efficiency, Natural Gas, Wall Furnace
Insurance Expense3600
Land Lease Y/NNo
Listing TermsCash, Conventional, 1031 Exchange
Lot Size Square Feet6534
Lot Size UnitsAcres
MLS AreaC14 - Santa Monica
Net Operating Income260000
New ConstructionNo
Number Of Units Total3
Number of Units Leased4
Open Parking Spaces4
Operating Expense29600
Pool FeaturesNone
PostalCitySANTA MONICA
Property Attached Y/NYes
Property ConditionBuilding Permit, Updated/Remodeled
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NNo
RoofAsphalt, Composition, Common Roof, Rolled/Hot Mop, Spanish Tile, Tar/Gravel
Security FeaturesSecurity System, Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Detection System, Fire Rated Drywall, Smoke Detector(s), Security Lights
Senior Community Y/NNo
SewerPrivate Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lotn/a
Taxes$20,000
Total Actual Rent280000
Trash Expense1000
UtilitiesCable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, See Remarks, Overhead Utilities
ViewNeighborhood, Trees/Woods
Virtual TourClick here
Year Built1918
ZoningSMOP2
Exterior for 2432 3Rd Street
Building Area Total4400
Exterior AmenitiesBarbecue, Lighting, Rain Gutters
FencingExcellent Condition, Privacy, Security, Wrought Iron
Foundation DetailsCombination, Concrete Perimeter, Pillar/Post/Pier, Quake Bracing, Raised, Tie Down
Lot Features2-5 Units/Acre, Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Near Park, Near Public Transit, Rectangular Lot, Rolling Slope, Secluded, Sprinklers On Side, Sprinkler System, Trees, Yard
Lot Size Acres0.15
Lot Size Area0.15
Lot Size SourceGIS Calculated
LotDimensionsSourcePublic Records
Number of Buildings4
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Other EquipmentSatellite Dish
Parking FeaturesAttached Carport, Concrete, Carport, Driveway, Gated, On Site, Off Street, Paved, Permit Required, Porte-Cochere, Private, One Space, On Street, Uncovered
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking6
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
