2626 Cloverfield Boulevard
$4,995,000
11
12
5,948
5,948
$840
Description
Huge 650k Price Reduction & Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast...Huge 650k Price Reduction & Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.
- Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 2626 Cloverfield Boulevard
Zoning
SMR3*
Parcel Number4273012016
Total Units12.0
Living Area5948
Source Living AreaOwner
AreaSanta Monica (C14)
Vacancy Rate0
Lot Size Area6046
LISTING UPDATED: 11/15/2024 12:41 PM
Property Details for 2626 Cloverfield Boulevard
Status | Active |
---|---|
MLS # | 24-464145 |
Days on Market | 7 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1966 |
Lot Size | 0.14 AC / 6,046 SF |
County | Los Angeles County |
Building Information for 2626 Cloverfield Boulevard
Stories2Residences-Year Built1966Building Size-Lot Size0.14 AC / 6,046 SF
Property Information for 2626 Cloverfield Boulevard
Property History for 2626 Cloverfield Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2626 Cloverfield Boulevard
Taxable ValueLand$2,080,800Additions$808,670Total$2,889,470
Tax Record2024$35,046 ($2,920 / month)
Home Facts
Total Finished SqFt5,968 SqFtAbove Grade Finished SqFt5,968 SqFtLot Size6,046 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningSMR3*CountyLOS ANGELESAPN4273-012-016
Schools near 2626 Cloverfield Boulevard
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 5 |
Rating | School | Distance |
---|---|---|
Grant Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Juan Cabrillo Elementary School PublicK to 5 |
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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