3017 4th Santa Monica, CA 90405
7 Beds
5 Baths
3,379 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,379 sqft
Price per Sqft $725
MLS Listing ID SB26062867
Bedrooms 7
Full Baths 5
HOA Y/N No
Year Built 1953
Lot Size 7,514 Sqft
Property Sub-Type Quadruplex
Property Description
The rear unit is a spacious 2-story townhome that includes a private backyard patio, providing a highly desirable living environment and strong tenant appeal. The property also offers immediate upside allowing an investor to achieve market rents or an owner-user to occupy a unit while generating income from the remaining units.
With solid in-place income and clear rental upside, the property operates at a 4.91% CAP rate with the potential to reach a 6.25% pro forma CAP. Located just blocks from the beach and within close proximity to Main Street and Rose Avenue, 3017 4th Street benefits from strong rental demand in one of the most supply-constrained coastal submarkets in Los Angeles, making it an attractive opportunity for both investors and owner-users.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Rooms
Main Level Bedrooms 5
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type Quadruplex
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4287027003
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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