FOR SALE0.3 ACRES
2823 2nd St
Santa Monica, CA 90405
Ocean Park
12 Beds
12 Baths
- 12 Beds
- 12 Baths
12 Beds
12 Baths
(on 0.30 acres)
Local Information
© Google
-- mins to
Commute Destination
Description
INCLUDES TO-BE-BUILT 3 PERMIT READY ADUs! CBRE, as exclusive agent, is pleased to present for sale an exceptionally located Santa Monica value-add opportunity comprised of 12 existing apartment units, together with approved and permit-ready plans to build three accessory dwellings units (ADUs), for a potential total of 15 apartment units, walking distance to the Pacific Ocean. Located at the northeast corner of 2nd Street and Ashland Avenue in Santa Monica's Main Street neighborhood, 2823 2nd Street includes an existing 12-unit apartment property, of which four units were recently gut renovated and completely modernized with copper plumbing, tankless water heaters, mini-split HVACs in the living rooms and bedrooms, and in-unit washer/dryers, among other upgrades. The Seller also made capital improvements to the property including a new electrical panel with individual meters, new landscaping, and new wrought iron fencing. Of the remaining eight unrenovated units, two will be delivered vacant at the close of escrow. As well, Seller obtained Architectural Review Board and Building Department approval to add a 450 square foot patio space for Unit G (a vacant second-story unit). The Seller also secured pre-approval to build another 450 square foot patio space for Unit H (the other second-story unit) in the future. Additionally, Seller procured entitlements to build three ADUs. Each of these ADUs would be one bedroom and one bathroom. The ADUs will replace an existing garage structure on Ashland Avenue, which was previously leased out as nine storage spaces. The storage spaces will be delivered vacant at the close of escrow and are not subject to any leases. A buyer may choose to either build out the three ADUs or may choose to lease out the nine storage spaces for additional income. Renovated Units Feature: Copper Plumbing, Tankless Water Heaters, Mini Split HVAC in Living Room & Bedroom, In-Unit Washer/Dryer, Recessed Lighting, New or Refinished Flooring Throughout, Beautiful White Cabinetry and Quartz Countertops in Kitchen & Bathroom, New Stainless Steel Appliances Including, Cooktop, Oven, Refrigerator, Dishwasher & Microwave, Renovated Bathrooms with Walk-In Showers, New Fixtures in Kitchens & Bathrooms, Low-Profile Ceiling Fans, New Windows & Blinds and New Electrical Subpanels with Upgraded Wiring Throughout. Non-renovated Units Feature: Separate Water Heaters, Hardwood Floors and Gas Stoves. Property Features Include: New Wrought Iron Fence Around Perimeter of Property, New Stamped Concrete Pavers in the Courtyard, New Electrical Panel with Individual Meters (400A), Newly Painted Exterior and New Landscaping. Offers Due: Friday, April 19, 2024 by 5 p.m.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
36 days ago
Home Details for 2823 2nd St
Interior Features |
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Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 12 |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 2Levels: One |
Exterior Features |
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Exterior Home Features Other Structures: Other |
Parking & Garage No CarportHas a GarageNo Attached GarageParking: Permit Required,Garage Is Detached |
Days on Market |
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Days on Market: 36 |
Property Information |
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Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Price & Status |
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Price List Price: $6,850,000 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Santa Monica |
Agent Information |
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Listing Agent Listing ID: 24-371870 |
Lot Information |
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Lot Area: 0.30 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 24-371870Listing Url |
Last check for updates: about 7 hours ago
Listing courtesy of Laurie Lustig DRE # 00979360, (310) 550-2556
Laurie J. Lustig, (310) 550-2500
Source: CLAW, MLS#24-371870
Price History for 2823 2nd St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/23/2024 | $6,850,000 | Listed For Sale | CLAW #24-371870 |
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Comparable Sales for 2823 2nd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.16 | Multi-Family Home | $2,200,000 | 09/22/23 | 8 | 8 | 4,828 | |
0.57 | Multi-Family Home | $2,965,000 | 01/24/24 | 15 | 14 | 8,264 | |
0.58 | Multi-Family Home | $1,460,000 | 06/06/23 | 8 | 6 | 3,904 | |
0.96 | Multi-Family Home | $4,995,000 | 10/13/23 | 16 | 12 | 10,696 | |
0.36 | Multi-Family Home | $1,450,000 | 03/29/24 | 5 | 5 | 2,366 | |
0.69 | Multi-Family Home | $1,609,000 | 05/04/23 | 7 | 5 | 3,729 | |
0.46 | Multi-Family Home | $3,100,000 | 08/31/23 | 4 | 6 | 3,168 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Ocean Park
- Emily Bohannon
- Resident
- 2mo ago
"My commute is fairly easily because it is opposite traffic living in SM and commuting out. It takes me 25 minutes to get to DTLA in the morning and 45 to get home."
- Trulia User
- Resident
- 2y ago
"Close knit. Energetic with a lot of nightlife, great food and bars. You g and old mixed for a great blend."
- Trulia User
- Resident
- 2y ago
"Don’t live here with children - terrible crime and homelessness. Very scary in Venice now a days, and getting worse every day."
- K01gk01
- Resident
- 3y ago
"Great proximity to beach, shops and restaurants on Main Street and Rose, East of Lincoln, very walkable"
- Cvolpp
- Resident
- 3y ago
"Ocean Park is a safe, friendly neighborhood close to some of Santa Monica’s most popular attractions: the beach, shops, restaurants, bars, City Hall, the 3rd Street Promenade, the Expo Light Rail station, the Pier, and the Sunday Farmers Market. The area is great for year around outdoor activities such as walking, jogging, biking, and all beach activities. "
- Schulznep
- Prev. Resident
- 4y ago
"My hood has fairly good access to Public Transit and my daily commute to Venice is only 5mins by car!"
- Ted B.
- Resident
- 4y ago
"Great as long as you work within 3 miles. The 10 Freeway can be brutal, so can the 405. Commuting to Hollywood sucks."
- Corykrozatti
- Resident
- 5y ago
"My neighborhood has great access to freeways, PCH and the metro line. It’s central to Santa Monica and Venice. "
- Anthony Lee Winn
- Resident
- 5y ago
"There are a lot of places to walk dogs. Plenty of parks and fresh ocean breezes from the beach. It is a very dog friendly neighborhood. "
- Layla S.
- Resident
- 5y ago
"There are a lot of homeless people and wandering the streets. The school system is good, but private schools are much better. "
- Jsimpson
- Visitor
- 5y ago
"Mostly use Uber or Lyft. Getting across the 405 can be a drag unless out of rush hour. Local buses and electric scooters are handy."
- Sallypulp
- Resident
- 5y ago
"Hotchkiss Park is a nice park. The grass up above the beach is nice. Lots of other dogs and dog parents around. "
- Julie K.
- Resident
- 5y ago
"Westside bestside. Berlin at the beach! Best people watching, amazing food and great bars. Eclectic and beautiful "
- Jsimpson
- Visitor
- 5y ago
"My pals live here and it has a very relaxed vibe, Third street has great shops, coffee and restaurants and we’re 5 minutes from the beach."
- Melissa C.
- Resident
- 6y ago
"Lived in this are for a year quite close to Beach friendly people can ride bicycle easy access to beautiful beaches and gorgeous sunsets "
- Jenninerodriguez
- Resident
- 6y ago
"It is family-friendly, with lots of parks, bike baths and so close to Main Street shopping and restaurants and of course the beach!"
- Jenninerodriguez
- Resident
- 6y ago
"It is very family friendly. It is a great mix between city and beach atmosphere. The community is clean and safe. "
- Todd C.
- 9y ago
"Nice quiet street. Most of the buildings have their own parking, so there is always street parking available for guests. Your friends and family will love to visit since it's a short walk to Main Street and the beaches! This a nice and easy place to live. Traffic can be pretty tough in LA, however this part of Santa Monica is easy to get on and off the 10 and PCH."
- Sri K. Y. L. E.
- 10y ago
"This is a gorgeous house in a great area. It is modern architectural yet warm - hard to capture that balance with modern. I love that it's tucked away on Grant. Very subtle. I can't say enough about Ocean Park Santa Monica - it's just a great place to live. I live in Venice but did live in OP for many years. As a local agent I sell many homes in this area. My only gripe with this particular street is parking. It's not great."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Laurie Lustig, Laurie J. Lustig
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
2823 2nd St, Santa Monica, CA 90405 is a 12 bedroom, 12 bathroom multi-family. 2823 2nd St is located in Ocean Park, Santa Monica. This property is currently available for sale and was listed by CLAW on Mar 23, 2024. The MLS # for this home is MLS# 24-371870.