Property Details
About this Property
Situated in the picturesque Ocean Park neighborhood of Santa Monica, 2306 3rd Street stands as a rare gem for investors seeking a prestigious addition to their portfolio. Sitting on a double lot, this legacy 12-unit property features an eclectic mix of residential options, including (1) 4-unit building, (1) duplex, (1) single-family residence with an attached studio, and (4) detached bungalows. With a unit mix of (3) 2-bed/1-bath, (8) 1-bed/1-bath, and (1) studio, the property offers a total of 7,937 square feet of rentable space on a generous 12,703 square foot lot. Boasting a 4.47% CAP rate and a market CAP rate of 6.67%, the investment potential is substantial. Residents enjoy the perfect blend of comfort and convenience, enhanced by the property's prime location. Positioned just blocks from the beach and within walking distance of top-tier retail and restaurants, 2306 3rd Street benefits from its enviable location between Venice Beach and Downtown Santa Monica. Whether you're seeking steady returns or aiming to capitalize on the area's dynamic growth, this property represents a compelling opportunity in coveted location.
MLS Listing Information
MLS #
CRSB24155287
MLS Source
California Regional MLS
Days on Site
149
Interior Features
Cooling
None
Heating
No Heating
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Contact Information
Listing Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
License #: 01717818
Phone: (310) 726-3391
Co-Listing Agent
Woody Stahl
License #: 01399621
Phone: (310) 425-9838
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2306 3rd St is a Residential Income in Santa Monica, CA 90405. This – square foot property sits on a 6,219 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,750,000 and was built in 1924. This address can also be written as 2306 3rd St, Santa Monica, CA 90405.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Brett Lyon, (310) 726-3391
