
Closed Listing
8 Units in Santa Monica @ 19.54 GRM & 3.01% CAP
431 marine
sold in
Santa Monica
Sold At
$
3,510,000
6
Number of Units
1964
Year Built
6,491
SF
Square Footage
7,514
SF
Lot Size
SMOP2
Zoning
431 Marine St, Santa Monica, CA 90405
About the Property
This property is six blocks from the beach and 4 blocks to Main Street and walking distance to local attractions such as Abbot Kinney, Rose Avenue, the Metro, etc. The building has five (5) 2+1.5 two-story units that measure 1,000 square feet and one (1) 1+1 unit. Units have hardwood floors, high vaulted ceilings, dishwashers and copper plumbing throughout. The roof was replaced in 2005 and a new high-efficiency water heater and vinyl windows have been installed as well. Laundry is conveniently located on-site and there are seven parking spaces available for the six units. Street parking is abundant
431 Marine St
Westside / SM / Venice
Offering Price
$3,510,000
Number of Units
6 Units
Price per. Unit
$585,000
Bldg. Size
6,491 SF
Price per Foot
$535
Lot Size
7,514 SF
Year Built
1964
Current CAP
3.01%
Market CAP
5.35%
Zoning
SMOP2
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$585,000
Price p/ Sq. ft.
$535
Proforma Cap Rate
5.35%




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