SOLD 05/09/2024
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Commercial sold for $3,300,000 in 232 days
2615 2nd St Santa Monica, CA, 90405
Off the market Other
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 ki
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Property details
4,696 sqft interior area
Land area
6,487 sqft (0.15 acres)
Address
2615 2nd St, Santa Monica, CA, 90405
City of California
Santa Monica
County
Los Angeles
Previous price
$3,900,000
Year Built
1962
District
Listing
Nearby major retailers
Costco
Whole Foods Market
Trader Joe's
T-Mobile
Toyota
Wholesale: 2
Supermarket: 12
Mobile phone: 8
Car: 2
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Interior Features
Vinyl, Carpet, Wood floors
Floor Covering
Vinyl, Carpet, Wood
Garage & Parking
Assigned, Other
Amenities
Other
Appliances
Dryer
Listed by
Han Chen, Growth Investment Group Pasade
Name
Han Chen
License number
01749321
Brokerage company
Growth Investment Group Pasade
MLS #
CRAR23176881
Buyer agent
Name
Tatsuya Nakanishi
Brokerage company
Person Realty Inc.
Payment calculator
Calculate your monthly payments
Mortgage
$10,132
Taxes
$0
HOA dues
$0
Mortgage
$660,000 / 20%
2.28%
30 years
Your amount
$10,132 / month
Lot details
TMK #4287010033
Lot Description
Level, Other
Parcel nr.
4287010033
90405 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
—
no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90405
38%
Families with children
National average: 39%
59%
Non family households
277,526
Population
$147,222
Average Income
Age & gender
Median age 39 years
More info
Commute types
72% commute by car
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Education level
38% have bachelor education
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Number of employees
2% work in management
More info
Vehicles available
49% have 1 vehicle
More info
Vehicles by gender
49% have 1 vehicle
More info
Housing market insights for
$2.2m
Neighborhood average
sales price*
sales price*
$1.81m
Neighborhood median
sales price*
sales price*
512
Number
of sales*
of sales*
Housing type
29% are small apartments
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Rooms
38% of the houses have 4 or 5 rooms
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Bedrooms
54% have 2 or 3 bedrooms
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Owners vs Renters
67% are renters
More info
17.67 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold May 9, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 9, 2024 | Sold | $3,300,000 | 0 | Public Record |
| May 9, 2024 | Price Decrease | $3,300,000 -13.16% | 0 | MLS #CRAR23176881 |
| Apr 18, 2024 | Pending | $3,800,000 | 0 | MLS #CRAR23176881 |
| Mar 21, 2024 | Price Decrease | $3,800,000 -2.56% | 0 | MLS #CRAR23176881 |
| Jan 27, 2024 | Price Decrease | $3,900,000 -4.41% | 0 | MLS #CRAR23176881 |
| Sep 21, 2023 | New Listing | $4,080,000 | 0 | MLS #CRAR23176881 |
Taxes of 2615 2nd St, Santa Monica, CA, 90405
SMOP zoning / MLS #CRAR23176881
Zoning
SMOP
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Frequently Asked Questions about 2615 2nd St
What is 2615 2nd St?
2615 2nd St is a Commercial/Industrial propertywith 4,696 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
2615 2nd St, Santa Monica, CA, 90405.
What comparable properties are nearby?
Comparable nearby commercial properties include 649 Ocean Park Blvd, 2319 6th St, 443 Bay St, 1047 Ocean Park Blvd, 3021 Lincoln Blvd, 1868 10th St.
Based on information from the bridgeMLS as of 05-20-2024. 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.
Listing last updated on: May 09, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Gelson's, 0.54 miles away and Whole Foods Market, 0.72 miles away.
The 90405 zip area has a population of 277,526, and 38% of the families have children. The median age is 39.52 years and 72% commute by car. The most popular housing type is "small apartment" and 67% is renter.
