$1,895,000
$30K PRICE DROP

Estimated payment $11,679/month

Total Views 14,421
5 Beds
4 Baths
1,940 Sq Ft
$977 Price per Sq Ft

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • 4-minute walk to Clover Park
  • Grant Elementary School Rated A+

About This Home

**Seller is offering a rate buy down to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,500! This property and rate will not last!** The building offers 1,940 sq. ft. of living space across two spacious remodeled units: a fully vacant 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 6.91% cap rate! With an unbeatable walk score, this is located just steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica! A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.

Listing Agent

David Messiah

Lyon Stahl Investment Real Estate, Inc. License #02117893 Listed on: 08/11/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,487

Year Built

  • Built in 1957

Interior Spaces

  • 1,940 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Freezer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Carport

Additional Features

  • 3,396 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4272-023-033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,487

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1940
  • Lot Acreage: 0.0780
  • Probate: No
  • Year Built: 1957
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator, Range/Oven, Freezer, Microwave
  • Price Per S Q F T: 976.80

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 17.65
  • Assessed Improvement Value: 239959
  • Assessed Land Percent: 82.35
  • Assessed Land Value: 1119232
  • Total Assessed Value: 1359191
  • Assessor Parcel Number: 4272-023-033
  • Lot Size Area: 3396

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.92
  • Number Of Units: 2
  • Total Annual Expense: 28472
  • Type Of Units: 3+2, 2+2
  • Vacancy Rate: 1 Vacant

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,487 $1,386,374 $1,141,616 $244,758
2024 $16,487 $1,359,191 $1,119,232 $239,959
2023 $14,854 $1,214,226 $973,887 $240,339
2022 $14,665 $1,190,419 $954,792 $235,627
2021 $14,293 $1,167,078 $936,071 $231,007
2019 $14,050 $1,132,463 $908,307 $224,156
2018 $9,909 $820,527 $480,999 $339,528
2017 $9,860 $804,439 $471,568 $332,871
2016 $9,533 $788,667 $462,322 $326,345
2015 $9,408 $776,821 $455,378 $321,443
2014 $9,286 $761,605 $446,458 $315,147
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $1,895,000 0.0% $977 / Sq Ft
08/08/2025 08/08/25 Off Market $1,895,000 -- --
07/10/2025 07/10/25 Price Changed $1,895,000 -1.6% $977 / Sq Ft
06/02/2025 06/02/25 For Sale $1,925,000 -- $992 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- Fatco
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $530,000 New Conventional
Previous Owner $530,000 New Conventional
Previous Owner $571,000 Adjustable Rate Mortgage/ARM
Previous Owner $575,000 New Conventional
Previous Owner $580,000 Purchase Money Mortgage
Source: Public Records

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Source: The MLS

MLS Number: 25544991

The MLS

APN: 4272-023-033