$1,748,755
2505 14th Street, Santa Monica 90405
1
Bed
1
Bath
1,807
Square feet
6,431
Lot Size
3
# Of Units
Listing Agent
David Weinberger - Keller Williams Studio City2505 14th Street presents a unique investment opportunity in the highly desirable Sunset Park neighborhood of Santa Monica, just 1 mile from the beach. This triplex, built in 1940, is composed of 2 separate structures consisting of (3) 1 Bed + 1 Bath units, totaling approximately 1,807 square feet on a 6,429 square foot lot Zoned SMR2. With a current cap rate of 4.0% and a market cap rate of 6.0%, this property is an attractive opportunity for investors seeking a location-driven asset with strong upside potential.Perfect for an owner-user or investor, as two of the three units will be delivered vacant, allowing for immediate rental income at market rates. Each unit features a private yard, high wood beamed ceilings, with skylights. The detached Unit C is particularly well-suited for an owner-occupant looking to offset their mortgage with rental income from the other two units, and has a private deck. 2505 14th Street offers convenient parking and individual garages, a significant selling point in Santa Monica. There is also potential for future income growth through the conversion of the garages into ADU's (Buyer to Verify). Located in close proximity to a variety of retail stores, dining options, and outdoor activities, including 365 Whole Foods, Gelsons, the 3rd Street Promenade, and Lincoln Plaza, 2505 14th Street provides residents with a quintessential Santa Monica lifestyle
Facts & Features
MLS® # | 24378759 |
---|---|
Price | $1,748,755 |
Bedrooms | 1 |
Bathrooms | 1.00 |
Square Footage | 1,807 |
Lot Size | 6,431 |
Year Built | 1940 |
Type | Residential Income |
Status | Active Under Contract |
# Of Units | 3 |
Community Information
Address | 2505 14th Street |
---|---|
Area | C14 - Santa Monica |
City | Santa Monica |
County | Los Angeles |
Zip Code | 90405 |
Amenities
Parking Spaces | 3 |
---|---|
Parking | Door-Multi, Driveway, Garage, Private, On Street |
Garages | Door-Multi, Driveway, Garage, Private, On Street |
View | Ocean |
Is Waterfront | No |
Has Pool | No |
Interior
Interior | Tile, Vinyl, Wood |
---|---|
Interior Features | Beamed Ceilings |
Appliances | Oven |
Heating | Wall Furnace |
Cooling | Wall/Window Unit(s) |
Has Basement | No |
Fireplace | No |
Fireplaces | None |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | April 11th, 2024 |
---|---|
Days on Market | 22 |
Zoning | SMR2* |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | David Weinberger |
---|---|
Office | Keller Williams Studio City |