$5,200,000
SOLD FEB 28, 2018

2620 11th St Santa Monica, CA 90405

Sunset Park Neighborhood
16 Beds
16 Baths
8,084 Sq Ft
0.39 Acres

Recently Sold

$643 Per Sq Ft

9% Below List Price

88 Days on Market

Highlights

  • 17,072 Sq Ft lot
  • Traditional Architecture
  • Resident Manager or Management On Site
  • Will Rogers Elementary Rated A
  • Wood Flooring
  • Laundry Facilities

About This Home

As of February 2018

Charming Spanish Style Courtyard Building in PRIME OCEAN PARK. 2 Buildings with private patio areas tucked away behind tall hedges. First time on the market in 40 years. SELLERS WILL CONSIDER CARRYING 1ST TD AND NOTE WITH 50% DOWN, 5% INTEREST ONLY OR MORE PER MONTH FOR 8-10 YEARS. 16 (1+1) units, 11 garages, 5 parking spaces, and 5 storage lockers - all rented. (Rent for parking spaces and storage lockers could be higher because one locker and one parking space is currently being used by the owner and on-site manager. Only a few historically low rents. Tremendous potential for income growth! Buyer to cooperate with Sellers' 1031 tax deferred exchange. Unit Type: "Unit 4" actual and scheduled rental income of $450 / $550 includes 5 storage lockers and laundry room income.

Last Agent to Sell the Property

Gwen Tanguay

Redwood Realty License #00448883 Listed on: 08/15/2017

Last Buyer's Agent

Elijah Korobkin

Central Realty Advisors Inc License #01897085

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.39 Acre Lot

Home Design

  • Traditional Architecture
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 8,084 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 16 Parking Spaces
  • 11 Covered Spaces
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4285-001-023

Community Details

Overview

  • 2 Buildings
  • 16 Units

Additional Features

  • Laundry Facilities
  • Rent Control
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 8084
  • Stories: 1
  • Year Built: 1947
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Vinyl
  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 16.00
  • Den: 0
  • Price Per S Q F T: 705.10

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Rolled/Hot Mop
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 5
  • Covered Parking: 11
  • Parking Garage: Assigned, Garage - 1 Car, Parking Space
  • Total Parking: 16

Utilities

  • Heating: Wall Gas
  • Security: Resident Manager
  • Sewer: In Street, On Site
  • Water: Meter on Property

Lot Info

  • Assessed Improvement Value: 302571
  • Assessed Land Value: 272712
  • Assessor Parcel Number: 4285-001-023
  • Geocode Override: No
  • Lot Size Area: 17072

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.10
  • Number Of Units: 16
  • Rent Control: 100
  • Total Annual Expense: 122688
  • Type Of Units: 1 BEDROOM
  • 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
08/29/2019 08/29/19 Rented $2,450 0.0% --
07/10/2019 07/10/19 Price Changed $2,450 +1.0% $0 / Sq Ft
07/08/2019 07/08/19 Price Changed $2,425 +1.0% $0 / Sq Ft
05/28/2019 05/28/19 For Rent $2,400 0.0% --
02/28/2018 02/28/18 Sold $5,200,000 -8.8% $643 / Sq Ft
08/15/2017 08/15/17 For Sale $5,700,000 -- $705 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elijah Korobkin

    Seller's Agent in 2019

    Elijah Korobkin

    Central Realty Advisors Inc

    (323) 873-9332

    15 Total Sales

    Elijah Korobkin
    Section Image

  • G

    Seller's Agent in 2018

    Gwen Tanguay

    Redwood Realty

    (310) 398-1049

    12 Total Sales

    Gwen Tanguay
    Section Image
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Map

Source: The MLS

MLS Number: 17-261372

The MLS

California Los Angeles County Santa Monica 90405 Sunset Park

2620 11th St, Santa Monica, CA

This home is located at 2620 11th St, Santa Monica, CA 90405 and is currently priced at $5,200,000, approximately $643 per square foot. This property was built in 1947. 2620 11th St is a home located in Los Angeles County with nearby schools including Will Rogers Elementary, John Adams Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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