2408 5th Street Santa Monica, CA $ 2,365,000
2408 5th Street
$ 2,365,000
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2408 5th Street

Santa Monica, CA, 90405
$ 2,365,000
Baths0.0 Sq 3,996

Monthly Estimate*

$ 16,520

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Studio

Multi-Family Home for sale in Santa Monica, CA

for $2,365,000. This 3,996 square foot home was built in 1963 on a lot size of 0.14.

Welcome to 2408 5th Street, a captivating four-unit multi-family property nestled in the heart of the vibrant Ocean Park neighborhood of Santa Monica. This exceptional offering presents a rare opportunity to embrace the quintessential beach lifestyle while enjoying the benefits of a smart investment. Spanning an impressive 3,996 square feet, this property is comprised of a pair of two-level 2 bed/1.5 bath units and two one-level 2 bed/1 bath units, each featuring inviting living spaces that promise comfort and functionality. The freshly updated exterior adds to the allure of this residence, ensuring it stands out as a beacon of modern living in a sought-after locale. Investors will find significant value in the upside potential for rents, alongside the exciting possibility of adding an Accessory Dwelling Unit (ADU) to maximize living space or rental income. With five dedicated parking spaces, residents and guests alike will appreciate the convenience and ease of access this property provides. Situated just one block from Hotchkiss Park, four blocks from Main Street and a leisurely stroll to the sand, residents can indulge in local attractions or enjoy the serene beauty of nearby beaches. The Ocean Park neighborhood is not only celebrated for its scenic vistas but also for its vibrant community and rich cultural offerings. Whether you're looking to expand your real estate portfolio or seeking a multi-family residence that epitomizes coastal living at its finest, 2408 5th Street awaits your discovery.

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Multi-Family Active

Price

$ 2,365,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Mid Century Modern

Lot Size

0.14

Year Built

1963

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

0024362531

Features
General
Heating Wall Furnace
Zoning SMOP2*
Architectural Style Mid Century Modern
Year Built 1963
Tenant Pays Electricity Gas
Levels Two
County Los Angeles
Net Operating Income 94718.44
Insurance Expense 4727.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Santa Monica
Buyer Agent Compensation 2.50
View Y/N No
Senior Community Y/N No
MLS Area C14 - Santa Monica
Lot Size Square Feet 6005.0
Street Name 5th
Water Sewer Expense 5566.0
Standard Status Active
Taxes 27434.0
Buyer Agent Compensation Type %
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Interior
Kitchen Appliances Disposal
Total Stories 2
Air Conditioning Y/N No
Heating Y/N Yes
Street Suffix Street
Laundry Features Stackable
Total Baths 0
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Exterior
Parking Features Driveway
Water Source None
Lot Size Area 6005.0
Foundation Details None
Building Area Total 3996.0
Lot Size Acres 0.14
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Corey Nelson

Listing Agent

Robust Real Estate

Broker

Affordability Calculator

$16,520
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,520
Monthly Property Taxes
--
Monthly 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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2024$2,365,000 Listed Price

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2408 5th Street, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $2,365,000 with 3,996 sqft and a lot size of 0.14. 2408 5th Street is a studio with 0.0 baths and was built in 1963. The property's zip code is 90405 which is in Santa Monica, CA