2302 32nd St - Apartments FOR SALE


Santa Monica, CA 90405- Sunset Park
$2,380,000 USD
707-815-7472
2302 32nd St, Santa Monica, CA for Sale
$2,380,000 USD
Apartments - FOR SALE
1/32
null | 4.87% Cap Rate

2302 32nd St
Santa Monica, CA 90405
Sunset Park


HIGHLIGHTS

  • Charming 4-Unit Property with One Non-Conforming Unit
  • Incredible ADU Potential
  • Owner User Opportunity
  • ± $2,750 Average Rent Per Unit
  • Meticulously Maintained with Quality Unit Renovations
  • Property is Situated on a ±9,000 Square Foot Lot.

OVERVIEW

The Boyett Team is thrilled to offer an exclusive opportunity to acquire 2302 32nd Street, a charming 4+1-unit opportunity located in the Sunset Park submarket of Santa Monica. Built in 1938, this property has been meticulously maintained with modernized interiors and still possesses its vintage charm. 2302 32nd Street sits on a large ±9,000 Square Feet lot with a total of three structures. The front building contains Three Units, (1) Two Bedroom One Bathroom Unit and (2) One Bedroom One Bathroom units. The middle structure of the lot is Two Stories with (1) Large One Bedroom One Bathroom unit located upstairs, and downstairs is (1) non-conforming One Bedroom One Bathroom unit. The seller has plans and permits for the 5th unit that will allow an easy process of registering the non-conforming unit with the city. The property also provides a total of 7 parking spaces. Conveniently located just south of Pico Boulevard and the I-10 Freeway, tenants of 2302 32nd Street have no shortage of things to do. From vibrant nightlife to an ample selection of fine dining, daily necessities, and retail amenities. Providing easy access to all that Santa Monica has to offer as well as seamless transit to the surrounding West Los Angeles area. 2302 32nd Street offers a unique opportunity to traditional or owner-occupied investors alike. The asset offers a cashflowing stabilized investment alongside potential to convert as well as add additional ADU’s on the premises.

FOR SALE DETAILS

PRICE

$2,380,000 USD

PRICE/SF

$682 USD /SF

# OF UNITS

4

PRICE/UNIT

$595,000

CAP RATE

4.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

SMR2*

APN/PARCEL ID

4270-007-044

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.