Under Contract
2505 14th St
Santa Monica CA, 90405
$1,748,755
$967.77 per sqft
Under Contract
3 Beds
1,807 sqft
Residential
Built in 1940
2505 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
24-378759
MLSⓇ ID
April 11, 2024
Listed
April 30, 2024
Updated
Map
2505 14th St
Santa Monica CA, 90405
Interior Features
Total Stories
2
Bedrooms
3 Beds
Interior Features
Built-Ins, Beamed Ceiling(s)
Appliances
Range/Oven
Laundry Description
None
Floor Description
Mixed, Hardwood, Tile, Vinyl, Wood Laminate
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window, Ceiling Fan
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Walk Street, Fenced Yard, Sidewalks, Curbs
Architectual Style
California Bungalow
Other Property Details
Area Name
Santa Monica
Days on Market
19
Garage
Yes
Parking
Driveway, Garage - 3 Car, Private Garage, Private, On street
Parking Total
3
View
Yes
View Description
Ocean, Walk Street
County
Los Angeles
Pool
No
Zoning
SMR2*
Listing History
Date | Event | Price |
---|---|---|
4/30/2024 | Under Contract | — |
Listed by David Weinberger with Keller Williams Studio City
Listing Contact: 818-970-0915
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor CalNative Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/30/2024