PRICE REDUCED $300K. See Docs Section for OM. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 2820 3rd St., a six (6) unit apartment property built in 1962. The property is located one parcel north of the corner of Ashland Ave. and 3rd Street, one block east of retail, dining and entertainment on Main Street and three blocks from the Ocean, in a prime part of Santa Monica. Property Description: 2820 3rd St., is a six (6) unit apartment property consisting of one two-story building, constructed of wood frame and stucco in 1962. The unit mix boasts all large 2bed+2bath units. The property totals 4,636 building square feet that sits on a 5,369 square foot lot. PROPERTY DETAILS: The property features all spacious two-bedroom, two-bathroom units of which most have some level of recent renovation. Both bathrooms are inside the bedrooms, a unique dual master bedroom feature making the units ideal for families or roommates. Each unit also features open kitchens and large living areas. Select units boast floor-to-ceiling windows and hardwood flooring throughout, providing an upscale aesthetic. The bottom unit facing 3rd St. enjoys the added benefit of a large, private, fenced-off outdoor patio, an attractive and rare feature for tenants seeking outdoor space. All units are separately metered for electricity and gas and the landlord pays for tenant water/sewer and trash. Parking is provided on site with seven (7) spaces, with some covered by a tuck-under carport. Tenants also have access to six (6) storage lockers in the parking area and laundry is provided on-site in a separate laundry room. Investors may also want to explore the possibility of ADU conversion for the tuck under parking area. Based on retrofit work that was completed by a prior owner back in 1997, the City of Santa Monica has approved the property as in compliance for the soft-story retrofit requirement.
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DAYS ON MARKET
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46
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LAST UPDATED
|
4/2/2025
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|
YEAR BUILT
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1962
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COMMUNITY
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Santa Monica
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|
COUNTY
|
Los Angeles
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STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Apr 2, '25
|
$3,195,000
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| Apr 2, '25 - Today |
$2,900,000 |
| AREA |
Santa Monica |
| LOT |
5369 sq ft |
| STORIES |
2 |
| ZONING |
SMOP2* |
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Listed with Equity Union
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/17/25 4:05 PM PDT and /or other sources. 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
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