3028 Colorado Avenue

Santa Monica, CA 90404
$2,195,000
0.14 acres | #PW24196365
Courtesy of Spencer Anderson, Broker

Description

Fully approved plans (RTI) for 2 additional units (both ADUs are 3 bedrooms + 2 bathrooms and projected to rent for $6K/month each) resulting in a 6-Unit Property that will total 4,102 square feet of living area on a 5,972 square foot lot in a prime area of Santa Monica! This rare opportunity offers a corner lot with alley access and is ideal for an owner/user or investor. The charming, existing 4-unit building is situated on the front half of the large lot, providing space for the two new approved units and the 5 on-site parking spots along the rear alley. The property is located in the heart of “Silicon Beach” which is home to numerous technology companies, including being less than one mile from large office campuses including the Water Garden, the West Edge, Riot Games Headquarters, and the Colorado Center with office tenants including Amazon, Hulu, and Roku.

  • Property Details
      • Stories:2
      • Lot description:CornerLot
      • Acres:0.1371
      • Property type:Multi-Family
      • Year built:1940
      • Foundation:Slab
      • Sewer information:PublicSewer
      • Utility source:Public
      • Utility features:SewerConnected, WaterConnected
      • County:Los Angeles
      • Original List Price:$2, 195, 000
      • MLS #:PW24196365
      • Cost:2195000
      • Property subtype:Quadruplex
      • MLS #:PW24196365

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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