Santa Monica, CA 90405 2408 5th Street

2408 5Th Street Santa Monica, Ca - Image 12408 5Th Street Santa Monica, Ca - Image 22408 5Th Street Santa Monica, Ca - Image 3
8 more
2408 5Th Street Santa Monica, Ca - Image 42408 5Th Street Santa Monica, Ca - Image 52408 5Th Street Santa Monica, Ca - Image 62408 5Th Street Santa Monica, Ca - Image 72408 5Th Street Santa Monica, Ca - Image 82408 5Th Street Santa Monica, Ca - Image 92408 5Th Street Santa Monica, Ca - Image 102408 5Th Street Santa Monica, Ca - Image 112408 5Th Street Santa Monica, Ca - Image 12
Presented By: Corey Nelson with Robust Real Estate;
  • MLS# 24362531
  • 03/02/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 6
  • FootageSQFT • 3,996

Home Details

Welcome to 2408 5th Street, a captivating four-unit multi-family property nestled in the heart of the vibrant Ocean Park neighborhood of Santa Monica. This exceptional offering presents a rare opportunity to embrace the quintessential beach lifestyle while enjoying the benefits of a smart investment. Spanning an impressive 3,996 square feet, this property is comprised of a pair of two-level 2 bed/1.5 bath units and two one-level 2 bed/1 bath units, each featuring inviting living spaces that promise comfort and functionality. The freshly updated exterior adds to the allure of this residence, ensuring it stands out as a beacon of modern living in a sought-after locale. Investors will find significant value in the upside potential for rents, alongside the exciting possibility of adding an Accessory Dwelling Unit (ADU) to maximize living space or rental income. With five dedicated parking spaces, residents and guests alike will appreciate the convenience and ease of access this property provides. Situated just one block from Hotchkiss Park, four blocks from Main Street and a leisurely stroll to the sand, residents can indulge in local attractions or enjoy the serene beauty of nearby beaches. The Ocean Park neighborhood is not only celebrated for its scenic vistas but also for its vibrant community and rich cultural offerings. Whether you're looking to expand your real estate portfolio or seeking a multi-family residence that epitomizes coastal living at its finest, 2408 5th Street awaits your discovery.
Presented By: Corey Nelson with Robust Real Estate;

Interior Features for 2408 5th Street

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6

Other Interior Features

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

General for 2408 5th Street

Additional Parcels Y/NNo
AppliancesDisposal
Architectural StyleMidCenturyModern
Attached Garage No
Cap Rate4.01
Carport Y/NNo
CitySanta Monica
CoolingNone
CountyLos Angeles
Days on Market35
DirectionsBetween Ocean Park and Hollister.
Garage Y/NNo
Gross Income143448.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4727.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6005.0
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income94718.44
New ConstructionNo
Occupancy TypeTenant
Open Parking Spaces5.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name5th
Taxes$27,434
Tenant PaysElectricity, Gas
Total Units4
ViewNone
View Y/NNo
Water Sewer Expense5566.0
Waterfront Y/NNo
Year Built1963
ZoningSMOP2*

Exterior for 2408 5th Street

Building Area Total3996.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1379
Lot Size Area6005.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking5.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,365,000
MLS#24362531
List Date 03/02/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 2408 5th Street