Sold
2615 2nd ST
SANTA MONICA CA, 90405
$3,300,000
$702.73 per sqft
Sold
3 Beds
3 Baths
4,696 sqft
Condo
Built in 1962
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.
AR23176881MR
MLSⓇ ID
September 21, 2023
Listed
May 9, 2024
Updated
Map
2615 2nd ST
SANTA MONICA CA, 90405
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
3
Appliances
Dishwasher, Dryer, Dryer Included, Inside, None, Washer, Washer Included
Laundry Description
Dryer, Dryer Included, Inside, None, Washer, Washer Included
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.15 Acres
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
Santa Monica
Days on Market
209
Garage
No
Parking
Assigned, Carport
Parking Total
7
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
SMOP2*
Listing History
Date | Event | Price |
---|---|---|
5/9/2024 | Sold | $3,300,000 |
4/18/2024 | Pending | — |
3/22/2024 | Price Change | $3,800,000 -3% |
1/27/2024 | Price Change | $3,900,000 -5% |
Listed by Han Chen with Growth Investment Group Pasade
Listing Contact: 626-224-2495
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Susan Coletti | CA DRE# 01939461 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024