Santa Monica, CA 90405,2615 2nd ST
Santa Monica, CA 90405,2615 2nd ST
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$3,300,000

$3,800,000

13.2%
Est.Price: ?

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Est. payment /mo

6,486 Sqft Lot


SOLD DATE : 05/09/2024

Key Details

Sold Price $3,300,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR23176881

Sold Date 05/09/24

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1962

Lot Size 6,486 Sqft

Property Description

Priced at high 4.47% CAP Rate for this location, 2615 S 2nd St, a prime apartment complex boasting 7 units situated just 2 blocks from the water. The property is in the Ocean Park area, just a block from Main Street. Only 2 blocks from the beach, this property has an almost perfect walk score of 98 and bike score of 86. It is located in an excellent demographics area of ±$131,779 average household income within a mile radius. The property has been upgraded extensively and its soft-story parking has been seismically retrofitted. It has copper plumbing throughout, updated sewer line, updated electrical, and double pane windows throughout. In addition, the property has security camera systems installed. Almost turnkey condition where major systems have been upgraded and 6 out 7 units have been completely upgraded.

The property is an attractive 2-story modern, mid-century apartment that was built in 1962. It offers an excellent curb appeal and has a total of ±4,696 square feet building size; it is situated on a ±6,487 square feet lot.
The property offers six (6) 1bedroom+1bathroom and one (1) large 2bedroom+2bathroom units. All units (except #1) have been completely upgraded with modern upgrades which include recessed lighting, new flooring throughout, in-unit washer/dryer, new kitchen with quartz countertops + new kitchen cabinets + dishwasher, new bathroom with new vanity cabinets, and mirrored closet doors. The 2 bedroom unit is large and bright with desirable layout and has been fully upgraded.
There are 7 assigned parking spaces (5 carports + 2 open). The parking soft-story area has been seismically retrofitted according to code. Each unit is separately metered for electricity and gas.

Located in the southwest corner of Santa Monica is the Ocean Park neighborhood. The Ocean Park neighborhood is unique in the sense that it has one of the highest proportions of one, two, or no (studio) bedroom real estate of any neighborhood in America. This means it has a higher proportion of its residents employed as executives, managers and professionals – in comparison to the 98.4% of the neighborhoods in America. Many Santa Monica residents come to shop/browse on Main Street, home of many boutiques, restaurants, as well as a local farmer’s market every Sunday. SMASH (an alternative school), Olympic High and John Muir elementary are schools located in the neighborhood.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMOP2*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Dryer, Washer

Laundry Inside, None

Exterior

Parking Features Assigned, Carport

Carport Spaces 5

Pool None

Community Features Urban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Roof Type Flat

Total Parking Spaces 7

Private Pool No

Building

Lot Description Level, Near Public Transit, Rectangular Lot, Street Level

Faces Southwest

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4287010033

Security Features Security System,Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights

Energy Description 1948.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Han Chen • Growth Investment Group Pasade • 626-224-2495
Bought with Tatsuya Nakanishi • Person Realty Inc.
agent-avatar

+1(619) 519-2303

steve@stevelucal.com

PO Box 181892, Coronado, California, 92178, United States

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