See all 42 photos
42 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$4,750,000
Est. payment /mo
6,219 Sqft Lot
UPDATED:
12/17/2024 09:11 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24155287
Originating Board California Regional MLS
Year Built 1924
Lot Size 6,219 Sqft
Property Description
Situated in the picturesque Ocean Park neighborhood of Santa Monica, 2306 3rd Street stands as a rare gem for investors seeking a prestigious addition to their portfolio. Sitting on a double lot, this legacy 12-unit property features an eclectic mix of residential options, including (1) 4-unit building, (1) duplex, (1) single-family residence with an attached studio, and (4) detached bungalows. With a unit mix of (3) 2-bed/1-bath, (8) 1-bed/1-bath, and (1) studio, the property offers a total of 7,937 square feet of rentable space on a generous 12,703 square foot lot. Boasting a 4.47% CAP rate and a market CAP rate of 6.67%, the investment potential is substantial. Residents enjoy the perfect blend of comfort and convenience, enhanced by the property's prime location. Positioned just blocks from the beach and within walking distance of top-tier retail and restaurants, 2306 3rd Street benefits from its enviable location between Venice Beach and Downtown Santa Monica. Whether you're seeking steady returns or aiming to capitalize on the area's dynamic growth, this property represents a compelling opportunity in coveted location.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Heating No Heating
Cooling None
Laundry Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 4289015012
Special Listing Condition Not Applicable
Read Less Info
© 2025 MLSListings Inc. All rights reserved.
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
GET MORE INFORMATION
Sharad Gupta
Broker | License ID: 02213637
QUICK SEARCH
- Campbell, CA Homes For Sale
- Cupertino, CA Homes For Sale
- East Palo Alto, CA Homes For Sale
- Fremont, CA Homes For Sale
- Hayward, CA Homes For Sale
- Lexington Hills, CA Homes For Sale
- Los Altos, CA Homes For Sale
- Los Altos Hills, CA Homes For Sale
- Los Gatos, CA Homes For Sale
- Milpitas, CA Homes For Sale
- Monte Sereno, CA Homes For Sale
- Morgan Hill, CA Homes For Sale
- Mountain View, CA Homes For Sale
- Newark, CA Homes For Sale
- Palo Alto, CA Homes For Sale
- Pleasanton, CA Homes For Sale
- San Jose, CA Homes For Sale
- Santa Clara, CA Homes For Sale
- Saratoga, CA Homes For Sale
- Stanford, CA Homes For Sale
- Sunnyvale, CA Homes For Sale
- Sunol, CA Homes For Sale
- Union City, CA Homes For Sale