Listed by 3107801899 - Brett Lyon - DRE #01717818 - Lyon Stahl Investment Real Estate, Inc. 310-425-9838 Listing Courtesy of: DRE #01399621
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2306 3rd Street Santa Monica, CA 90405

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Mixed Use Residence
Beds
Baths
7,937 Sq. Ft.
0.14 Acre Lot
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Last updated on 1/8/2025 3:02 AM

Listing Details

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 build...ing, (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. Continue reading
MLS#
SB24155287
Property Type
Mixed Use
Status
Year Built
1924
Square Feet
7,937 sq. ft
Lot Size
0.14
Sewer
Public Sewer
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Listed by 3107801899 - Brett Lyon - DRE #01717818 - Lyon Stahl Investment Real Estate, Inc. 310-425-9838 Listing Courtesy of: DRE #01399621
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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