814 3rd St

Santa Monica, CA 90403

$5,200,000
Last Sold Price
9
Beds
14
Baths
7,646 Sq. Ft.
$680 / Sq. Ft.
7,646
Sq. Ft.
$680
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 4/24/23
Sold 4/24/23
an aerial view of multiple house
an aerial view of a city
a view of a city
an aerial view of multiple house
a front view of a house with garden
a view of a house with a backyard
a car parked in front of a house
a view of a house with a street
a view of a house with a garden
a view of a house with a street
a view of a outdoor space

Description

Listed with 820 3rd St (APN: 4292-024-004). 814 & 820 3rd Street, a 14-unit opportunity located in prime Santa Monica, one of the most sought-after cities in Southern California. Originally constructed in 1908 and 1940, the Property consists of two single-story bungalow style structures and one two-story building situated on two contiguous lots totaling over 15,000 square feet of land. 814 3rd St is comprised of 9 units with 5 studios and 4 (1+1) units. 820 3rd St features a unit mix of 5 (1+1) units....Listed with 820 3rd St (APN: 4292-024-004). 814 & 820 3rd Street, a 14-unit opportunity located in prime Santa Monica, one of the most sought-after cities in Southern California. Originally constructed in 1908 and 1940, the Property consists of two single-story bungalow style structures and one two-story building situated on two contiguous lots totaling over 15,000 square feet of land. 814 3rd St is comprised of 9 units with 5 studios and 4 (1+1) units. 820 3rd St features a unit mix of 5 (1+1) units. Rare opportunity for an investor to enter a high-demand rental market with the potential to significantly increase value by renovating units and stabilizing the property. 8 out of the 14 units will be DELIVERED VACANT, providing the opportunity for an investor to immediately upgrade the units and capture market rents. The property is separately metered for electricity and gas and is equipped with 9 garages for tenant parking. Each unit includes their own washer and dryer or laundry hook ups. Through a systemic renovation program, a savvy investor will have the opportunity to capitalize on the rental upside. Additionally, the properties are zoned R3 (medium density residential), offering future development potential (buyer to confirm). he Property is positioned in the highly coveted Wilshire Montana neighborhood of prime Santa Monica. Tenants enjoy being within walking distance to Montana Avenue and only three blocks from the beach. The Property is conveniently surrounded by nearby amenities including critically acclaimed restaurants, trendy bars, shopping, hotels, entertainment venues, and notable destinations including the Montana Ave shops, Downtown Santa Monica, 3rd Street Promenade, and The Santa Monica Pier. Further, the Property is situated among the major Silicon Beach and Culver City employment hubs. 814 & 320 3rd Street presents investors with the rare opportunity to acquire an ideally located, pride of ownership apartment building with significant upside and future development potential.
  1. Listed by Janet Neman • DRE #01069127 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 814 3rd Street

Zoning
SMR3*
Parcel Number
4292024003
Total Units
14.0
Living Area
7646
Source Living Area
Estimated
Area
Santa Monica (C14)
Vacancy Rate
3%
Lot Size Area
15011
LISTING UPDATED: 04/24/2023 02:05 PM

Property Details for 814 3rd Street

StatusSold
MLS #22-221053
Days on Market108
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1908
Lot Size0.34 AC / 15,011 SF
CountyLos Angeles County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127

Sold By Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007

Add your commute

Building Information for 814 3rd Street

Stories-Residences-Year Built1908Building Size-Lot Size0.34 AC / 15,011 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$28,552 per month

30 year fixed, 6.15% Interest

Principal and Interest

$25,344

Property Taxes

$3,208

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 814 3rd Street

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $362,745
  • Net Operating Income: $230,109.00
  • Gross Income: $373,964
  • Gross Scheduled Income: $373,964
  • Cap Rate: 3.54%
  • Gross Rent Multiplier: $17.37
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 132635
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.34
  • Lot Size Square Feet: 15011
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 9
  • Attached Garage: Yes
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: Gas Or Electric Dryer Hookup, Washer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-28-2022
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $14,000.00
  • Unit Projected Rent: $14,000.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $17,164.00
  • Unit Projected Rent: $29,700.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $268,049.00
  • Assessed Improvement Percent: 7.69
  • Assessed Land Value: $3,216,605.00
  • Assessed Land Percent: 92.31
  • Assessed Total Value: $3,484,654.00

Property History for 814 3rd Street

DateEvent & SourcePriceAppreciation
Apr 24, 2023

Sold

CRMLS #22221053

$5,200,000—
Apr 24, 2023

Sold

CLAW #22-221053

$5,200,000—
Apr 24, 2023

Sold

SDMLS #22-221053

$5,200,000—
Mar 16, 2023

Pending

CLAW #22-221053

—
Mar 16, 2023

Pending

SDMLS #22-221053

—
Nov 28, 2022

Listed (Active)

CRMLS #22221053

$6,495,000—
Nov 28, 2022

Listed (Active)

SDMLS #22-221053

$6,495,000—
Nov 28, 2022

Listed (Active)

CLAW #22-221053

$6,495,000—
Nov 4, 2022

Expired

SDMLS #PW22157774

$6,500,000—
Jul 7, 2022

Listed (Active)

SDMLS #PW22157774

$6,500,000—
Nov 17, 2017

Sold

SDMLS #PW17260541

$5,000,000—
Nov 17, 2017

Sold

CRMLS #PW17260541

$5,000,000—
Nov 17, 2017

Sold

CLAW #PW17260541MR

$5,000,000—
Oct 17, 2017

Pending

CRMLS #PW17260541

—
Oct 17, 2017

Pending

CLAW #PW17260541MR

—
Jul 24, 2017

Listed (Active)

SDMLS #PW17260541

$5,100,000—
Jul 24, 2017

Listed (Active)

CLAW #PW17260541MR

$5,100,000—
Jul 24, 2017

Listed (Active)

CRMLS #PW17260541

$5,100,000—
DateEvent & SourcePrice
04/24/2023

Sold

CRMLS #22221053

$5,200,000
04/24/2023

Sold

CLAW #22-221053

$5,200,000
04/24/2023

Sold

SDMLS #22-221053

$5,200,000
03/16/2023

Pending

CLAW #22-221053

—
03/16/2023

Pending

SDMLS #22-221053

—
11/28/2022

Listed (Active)

CRMLS #22221053

$6,495,000
11/28/2022

Listed (Active)

SDMLS #22-221053

$6,495,000
11/28/2022

Listed (Active)

CLAW #22-221053

$6,495,000
11/04/2022

Expired

SDMLS #PW22157774

$6,500,000
07/07/2022

Listed (Active)

SDMLS #PW22157774

$6,500,000
11/17/2017

Sold

SDMLS #PW17260541

$5,000,000
11/17/2017

Sold

CRMLS #PW17260541

$5,000,000
11/17/2017

Sold

CLAW #PW17260541MR

$5,000,000
10/17/2017

Pending

CRMLS #PW17260541

—
10/17/2017

Pending

CLAW #PW17260541MR

—
07/24/2017

Listed (Active)

SDMLS #PW17260541

$5,100,000
07/24/2017

Listed (Active)

CLAW #PW17260541MR

$5,100,000
07/24/2017

Listed (Active)

CRMLS #PW17260541

$5,100,000

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

Public Records for 814 3rd Street

Taxable ValueLand$1,950,750Additions$1,094,320Total$3,045,070
Tax Record2025$38,494 ($3,208 / month)
Home Facts
Total Finished SqFt4,656 SqFtAbove Grade Finished SqFt4,656 SqFtLot Size7,485 SqFtStyleMulti-Family Res (5+ Units)Year Built1908ZoningSMR3*CountyLOS ANGELESAPN4292-024-003

Schools near 814 3rd Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
Lincoln Middle School
Public - 6 to 8
Santa Monica High School
Public - 9 to 12
Santa Monica Alternative (K-8) School
Public - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln 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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Kidder Mathews of California, Inc., Janet Neman, DRE #01069127

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.