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Santa Monica, CA 90403 943 2nd Street

$8,200,000

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Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;
  • MLS# 24358269
  • 02/14/2024
  • Request Tour
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  • BedBeds • 24
  • BathBaths • 20
  • FootageSQFT • 14,544

Home Details

HUGE $1,000,000 REDUCTION FROM ORIGINAL LIST PRICE!!! Bring all offers. We are pleased to offer for sale rare multifamily assets at 937 & 943 2nd Street in the coveted beachside community of Santa Monica. These side by side properties each have their own APN and share a beautiful stone paved courtyard. The properties boasts a great unit mix of 1 & 2 bedrooms, all with significant rental upside. Just a block to Montana Avenue and a block to the beach, these properties truly reflect the Santa Monica beachside vibe. 937 & 943 2nd Street puts residents in the center of everything Santa Monica has to offer. Additionally, the property has on-site parking, an on-site laundry room (machines owned by Seller) and lushly landscaped grounds.
Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;

Interior Features for 943 2nd Street

Bedrooms

Total Bedrooms24

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths20

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 943 2nd Street

Additional Parcels Y/NYes
Attached Garage No
Cap Rate4.05
Carport Y/NNo
CitySanta Monica
CountyLos Angeles
Days on Market82
DirectionsJust South of Idaho Avenue, and 1 block East of Ocean Avenue
Garage Y/NNo
Gross Income513456.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet15017.0
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income332427.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name2nd
Total Units20
View Y/NNo
Waterfront Y/NNo
Year Built1955
Year Built SourceAssessor
ZoningSMR3*

Exterior for 943 2nd Street

Building Area Total14544.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3447
Lot Size Area15017.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking16.0

Additional Details

Price History

1527188455

First Team Client Services

Price $8,200,000
MLS#24358269
List Date 02/14/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors