2002 Montana Avenue

Santa Monica, CA 90403

$3,300,000
Price
8
Beds
6
Baths
4,528 Sq. Ft.
$729 / Sq. Ft.
4,528
Sq. Ft.
$729
per Sq. Ft.

Description

Great Investment opportunity in Santa Monica! Bread and butter income property on a corner lot on Montana Avenue. High visibility, well trafficked area-- easy rentals. The building is located in a desirable residential neighborhood, just minutes from shopping, dining, and more! Coastal living at it's finest! This apartment is located just off the beaten path on beautiful Montana Avenue in Santa Monica. Ride your bike to the beach or take a drive up Sunset Blvd., access to all that LA has to offer...Great Investment opportunity in Santa Monica! Bread and butter income property on a corner lot on Montana Avenue. High visibility, well trafficked area-- easy rentals. The building is located in a desirable residential neighborhood, just minutes from shopping, dining, and more! Coastal living at it's finest! This apartment is located just off the beaten path on beautiful Montana Avenue in Santa Monica. Ride your bike to the beach or take a drive up Sunset Blvd., access to all that LA has to offer is at your fingertips!
  1. Listed by William Dawson • DRE #01059814 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors

Property Details for 2002 Montana Avenue

Zoning
SMR2*
Parcel Number
4277005015
Total Units
6.0
Living Area
4528
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
.
Lot Size Area
8003
LISTING UPDATED: 08/21/2024 12:01 AM

Property Details for 2002 Montana Avenue

StatusActive
MLS #24-427103
Days on Market79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.18 AC / 8,003 SF
CountyLos Angeles County

Building Information for 2002 Montana Avenue

Stories2Residences-Year Built1941Building Size-Lot Size0.18 AC / 8,003 SF

Property Information for 2002 Montana Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Mix
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $154,104
  • Net Operating Income: $91,154.00
  • Gross Income: $158,870
  • Cap Rate: 2.77%
  • Gross Rent Multiplier: $20.77
  • Total Annual Expense: 62950
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1837
  • Lot Size Square Feet: 8003
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 5
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,868.00
  • Unit Actual Rent: $6,868.00
  • Unit Projected Rent: $10,400.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,171.00
  • Unit Actual Rent: $6,171.00
  • Unit Projected Rent: $6,800.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $171,160.00
  • Assessed Improvement Percent: 23.41
  • Assessed Land Value: $560,119.00
  • Assessed Land Percent: 76.59
  • Assessed Total Value: $731,279.00

Property History for 2002 Montana Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2002 Montana Avenue

Taxable ValueLand$571,321Additions$174,583Total$745,904
Tax Record2024$10,393 ($866 / month)
Home Facts
Total Finished SqFt4,528 SqFtAbove Grade Finished SqFt4,528 SqFtLot Size8,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningSMR2*CountyLOS ANGELESAPN4277-005-015

Schools near 2002 Montana Avenue

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2002 Montana Avenue is a multi-family home for sale in Santa Monica, CA 90403. This property was listed for sale on August 13, 2024 by Sullivan-Dituri Co.Realtors, it's currently listed at $3,300,000. It has been on the market for a total of 79 days and was last sold on December 28, 2000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Franklin Elementary School, Lincoln Middle School and Santa Monica High School. 2002 Montana Avenue is a 8-bed, 6-bath, 4,528 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.