$3,700,000
SOLD MAY 31, 2025
14 Beds
13 Baths
7,954 Sq Ft
7,525 Sq Ft Lot

Recently Sold

$465 Per Sq Ft

12% Below List Price

1 Day on Market

Highlights

  • Balcony
  • Bathtub with Shower
  • Laundry Facilities
  • Roosevelt Elementary School Rated A+
  • Ceramic Countertops
  • Carpet

About This Home

As of May 2025

Prime North of Wilshire ten (10) unit apartment building for sale. Fantastic unit mix of three (3) 2 bed + 2 bath, one (1) 2 bed + 1 bath and six (6) 1 bed + 1 bath units which has been well maintained by the same family for the last 40+ years. Walking distance to trendy Montana Avenue, Palisades Park, the beach and located in Santa Monica's best school district. The building boasts large units with excellent onsite parking. This core investment has enormous upside in rents as the unit's turnover. This is your opportunity to acquire an outstanding income generating asset in the Westsides most desirable neighborhood.

Last Agent to Sell the Property

Arthur Peter

PAR Commercial Brokerage License #01068613 Listed on: 03/24/2025

Last Buyer's Agent

Sam Alexander

Radius Agent Realty License #01992164

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,525 Sq Ft Lot
  • Front Yard Sprinklers

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 7,954 Sq Ft Home
  • 2-Story Property
  • Window Screens

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 13 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower

Parking

  • 10 Parking Spaces
  • Covered Parking

Utilities

  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window
  • Central Water Heater
  • Sewer in Street
  • Cable TV Available

Additional Features

  • Balcony
  • City Lot

Community Details

  • 10 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4281-018-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 7954
  • Lot Acreage: 0.1728
  • Year Built: 1964
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Carpet, Laminate
  • Appliances: Cooktop - Gas
  • Bedrooms: 14
  • Bathroom Features: Low Flow Toilet(s), Shower Over Tub
  • Kitchen Features: Ceramic Counters
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 13.00
  • Equipment: Cable, Garbage Disposal, Refrigerator, Range/Oven, Vented Exhaust Fan
  • Price Per S Q F T: 528.04
  • Windows: Screens

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Flat
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 10

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Central Water Heater
  • Heating: Wall
  • Sewer: In Street
  • Water: Public

Lot Info

  • Sprinklers: Front
  • Assessed Improvement Percent: 55.61
  • Assessed Improvement Value: 213424
  • Assessed Land Percent: 44.39
  • Assessed Land Value: 170391
  • Total Assessed Value: 383815
  • Assessor Parcel Number: 4281-018-022
  • Lot Location: City
  • Lot Size Area: 7525

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.28
  • Number Of Units: 10
  • Total Annual Expense: 86755
  • Type Of Units: Apartment
  • Vacancy Rate: 0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 Sold $3,700,000 -11.9% $465 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $4,200,000 -- $528 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25515577

The MLS