2616-2618 3rd Street
Santa Monica, CA 90405
$2,700,000
Price
6
Beds
5
Baths
3,786 Sq. Ft.
$713 / Sq. Ft.
3,786
Sq. Ft.
$713
per Sq. Ft.
Description
Marvelous Historic Victorian Triplex in Prime Santa Monica Location. 2616 - 2618 3rd Street triplex is located in the highly sought-after Ocean Park neighborhood of Santa Monica. This elegant property offers a rare opportunity to own a piece of history in one of the best locations in the city, just steps away from the beach, vibrant Santa Monica Main Street, and the iconic Santa Monica Pier. Boasting a total of 6 bedrooms, 5 bathrooms, and 3,786 square feet of livable space spread across 3 stories,...Marvelous Historic Victorian Triplex in Prime Santa Monica Location. 2616 - 2618 3rd Street triplex is located in the highly sought-after Ocean Park neighborhood of Santa Monica. This elegant property offers a rare opportunity to own a piece of history in one of the best locations in the city, just steps away from the beach, vibrant Santa Monica Main Street, and the iconic Santa Monica Pier. Boasting a total of 6 bedrooms, 5 bathrooms, and 3,786 square feet of livable space spread across 3 stories, this exquisite triplex exudes charm and sophistication. Currently, 2 units are rented at market rates, providing a lucrative investment opportunity. The sun filled upper unit, a 1,250 square feet 2-bedroom, 2-bathroom with ocean views is currently vacant and listed for rent at $6,000 per month, this apartment offers a rare opportunity to enjoy the beauty of the Pacific Ocean from the comfort of home. Lower unit is spanning 1,250 square feet, featuring a luxurious resort-style bathroom and gas fireplace, this unit opens up to an expansive backyard adorned with mature trees and a charming cobblestone patio, offering a peaceful retreat for residents. Currently renting for $3,750 per month, this unit is a true gem and will be delivered vacant at closing of escrow. The larger middle floor unit, rented at $6,000 per month is the only unit that will be delivered with tenants and comprises 3 bedrooms and 2 bathrooms, offering ample space and comfort to the current family. Situated on a spacious 6,496 square foot lot, the property provides ample room for potential future development, including the addition of multiple two-story ADUs. Whether you're looking for a smart investment opportunity or a charming place to call home, 2616 - 2618 3rd Street offers the best of Santa Monica living in a historic and elegant setting. Don't miss your chance to own this exceptional triplex in one of the most desirable neighborhoods on the Westside. IMPORTANT: if owner occupied this property qualifies for rent control exemption. Top and bottom unit are available for new owners to move in. No open claims on this property, general and sewer inspection are available to review.
- Listed by Edo Brizio • DRE #02146912 • Brokerage DRE #00702131 • Pellego, Inc.
Property Details for 2616-2618 3rd Street
Zoning
SMOP2*
StyleVictorian
Cross StreetsHill Street
Accessibility FeaturesNone
Parcel Number4287010025
Total Units3.0
Living Area3786
Source Living AreaOwner
LISTING UPDATED: 09/02/2024 12:44 PM
Property Details for 2616-2618 3rd Street
| Status | Active |
|---|---|
| MLS # | 24-397828 |
| Days on Market | 56 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1917 |
| Lot Size | 0.15 AC / 6,496 SF |
| County | Los Angeles County |
Building Information for 2616-2618 3rd Street
Stories3Residences-Year Built1917Building Size-Lot Size0.15 AC / 6,496 SF
Property Information for 2616-2618 3rd Street
Community / Development
Community / Development
- Number Of Units: 3
- Senior Community: No
Structure Info
Structure Info
- Year Built Source: Assessor
- Number Of Stories: 3
- Number Of Buildings: 1
- Type Of Units: apartments
- View: Yes
- View Description: Coastline, Courtyard, Hills, Ocean
- View: Coastline, Courtyard, Hills, Ocean
- Property Condition: Updated/Remodeled
- Water: Water District
- Sewer: In Street, In Connected and Paid
- Water Heaters: Yes
- Additions Alterations: Yes
- Water Heater Features: Electric
- Building Permit: No
Contract Info
Contract Info
- Probate: No
- Financing: Private, Owner Carried, Cash
- Disclosures: None
- Listing Type: Exclusive Agency
- Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
- Scheduled Actual: Actual
- Gross Operating Income: $183,000
- Net Operating Income: $163,000.00
- Gross Income: $183,000
- Gross Rent Multiplier: $14.00
- Actual Annual Gross Rent: $183,000.00
- Gross Equity: $1,600,000
- Financial Info as Of: 05/29/2024
- Owner Pays: Gardener, Other
- Total Annual Expense: 20000
Land / Lot Info
Land / Lot Info
- Alley: No
- Lot Acreage: 0.1491
- Lot Size Square Feet: 6496
- Lot Size Dimensions: 115x25
- Source Lot Size Dimensions: Owner
- Lot Features: Front Yard, Landscaped, Lawn, Back Yard, Secluded
- Lot Description: Front Yard, Fenced Yard, Landscaped, Lawn, Back Yard, Secluded
- Lot Location: Near Public Transit
Parking Details
Parking Details
- Parking Garage: Assigned, Covered Parking, Detached, Garage - 2 Car, Driveway
- Total Parking: 5
- Covered Parking: 2
- Open Other Spaces Total: 3
- Garage Spaces Total: 2
- Parking Features: Assigned, Covered, Garage - Two Door, Driveway
- Attached Garage: No
- Garage Structures Total: 1.0
Interior Features
Interior Features
- Room Type: Attic, Walk-In Closet, Two Primaries, Primary Bathroom, Jack & Jill
- Rooms: Attic, Walk-In Closet, Two Masters, Studio, Master Bedroom, Patio Covered, Den/Office, Jack And Jill
- Levels: Three Or More
- Fireplace Features: Bonus Room, Den, Dining Room, Electric, Family Room, Fire Pit, Gas, Kitchen, Patio, Living Room, Primary Bedroom
- Fireplace Rooms: Bonus Room, Den, Dining, Electric, Family Room, Fire Pit, Gas, Kitchen, Patio, Living Room, Master Bedroom
- Den: Yes
- Family Room: 0
- Dining Room: 0
- Cooling: None
- Cooling Type: None
- Heating: Combination, Fireplace(s), Natural Gas, Wall Furnace
- Heating Type: Combination, Fireplace, Natural Gas, Wall
- Flooring: Hardwood, Tile
- Equipment: Garbage Disposal, Electric Dryer Hookup, Dryer, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Refrigerator, Range/Oven
- Interior Features: Bidet, Crown Moldings, Sump Pump, Drywall Walls
- Room Kitchen Features: Granite Counters, Tile Counters
- Kitchen Features: Ceramic Counters, Galley Kitchen, Granite Counters, Tile Counters
- Room Bathroom Features: Hollywood Bathroom (Jack&Jill), Shower in Tub, Remodeled, Tile Counters, Bidet
- Bathroom Features: Dual Entry (Jack & Jill) Bath, Shower Over Tub, Shower and Tub, Remodeled, Tile, Bidet
- Bedroom Features: 2 Master Bedrooms, WalkInCloset, Master Suite, Master Bedroom, Ground Floor Master
- Cooking Appliances: Built-In Gas, Cooktop - Gas, Microwave, Oven, Range Hood
- Laundry: In Unit, On Upper Level, Laundry Closet Stacked, Laundry Area
- Laundry Equipment: Own
- Disability Access: None
Exterior Features
Exterior Features
- Pool: No
- Private Pool: No
- Pool Description: None
- Pool Features: None
- Spa: No
- Spa: None
- Tennis: No
- Tennis Court: None
- Roof: Asphalt
- Sprinklers: Drip System, Front, Rear
- Door Features: French Doors, Sliding Doors
- Patio Features: Covered, Covered Porch, Patio Open, Living Room Balcony, Deck(s), Roof Top Deck, Porch
- Entry Location: Ground Level w/steps
- Windows: French Windows, Custom Window Covering
- New Construction: No
- Construction Materials: Masonite, Stone, Wood Siding
- Exterior Construction: Masonite, Stone, Wood Siding
- Foundation Details: Combination, Slab, Raised
- Other Structural Features: Balcony, High Ceilings (9 Feet+), French Doors, Historical, Sliding Glass Doors
- Other Structures: Other
Lease Terms
Lease Terms
- Entry Date: 05-29-2024
- Listing Terms: Cash, Conventional, Private Financing Available
- Rent Control: No
- Tenant Pays: Cable TV, Electricity, Gas, Move Out Fee, Move In Fee, Water, Trash Collection
Unit Details
Unit 1 Information
- Unit Beds: 3
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $6,000.00
- Unit Actual Rent: $6,000.00
- Unit Projected Rent: $7,000.00
- Like Units: 1
Unit 2 Information
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $3,750.00
- Unit Actual Rent: $3,750.00
- Unit Projected Rent: $6,000.00
- Like Units: 2
Unit 3 Information
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $6,000.00
- Unit Actual Rent: $6,000.00
- Unit Projected Rent: $6,000.00
- Like Units: 3
Unit Details
- Unit Type Type: 2106, 2107, 2108
- Number of Dishwasher: 3
- Number of Drapes: 3
- Number of Electric Meters: 3
- Number of Gas Meters: 3
- Number Patio: 3
- Number Range: 3
- Number Refrigerator: 3
- Number Rented Garages: 1
- Number Water Meters: 2
Tax and Assessed Info
Tax and Assessed Info
- Assessed Improvement Value: $21,000.00
- Assessed Improvement Percent: 11.86
- Assessed Land Value: $156,000.00
- Assessed Land Percent: 88.14
- Assessed Total Value: $177,000.00
Property History for 2616-2618 3rd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2616-2618 3rd Street
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 - | K to 8 |
Rating | School | Distance |
|---|---|---|
John Muir Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Santa Monica Alternative (K-8) School PublicK to 8 |
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.
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Listing Courtesy of Pellego, Inc., Edo Brizio, DRE #02146912
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.