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2408 5th St, Santa Monica, CA 90405
$2,249,000
2408 5th St, Santa Monica, CA 90405View this property at 2408 5th St, Santa Monica, CA 90405
2408 5th StSanta MonicaCA90405
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Property Description
THE MOST DESIRABLE UNIT WILL NOW BE DELIVERED VACANT. PERFECT OPPORTUNITY FOR AN OWNER-USER. Welcome to 2408 5th Street, a captivating four-unit multi-family property nestled in the heart of the vibrant Ocean Park neighborhood of Santa Monica. This exceptional offering presents a rare opportunity to embrace the quintessential beach lifestyle while enjoying the benefits of a smart investment. Spanning an impressive 3,996 square feet, this property is comprised of a pair of two-level 2 bed/1.5 bath units and two one-level 2 bed/1 bath units, each featuring inviting living spaces that promise comfort and functionality. The freshly updated exterior adds to the allure of this residence, ensuring it stands out as a beacon of modern living in a sought-after locale. Investors will find significant value in the upside potential for rents, alongside the exciting possibility of adding an Accessory Dwelling Unit (ADU) to maximize living space or rental income. With five dedicated parking spaces, residents and guests alike will appreciate the convenience and ease of access this property provides. Situated just one block from Hotchkiss Park, four blocks from Main Street and a leisurely stroll to the sand, residents can indulge in local attractions or enjoy the serene beauty of nearby beaches. The Ocean Park neighborhood is not only celebrated for its scenic vistas but also for its vibrant community and rich cultural offerings. Whether you're looking to expand your real estate portfolio or seeking a multi-family residence that epitomizes coastal living at its finest, 2408 5th Street awaits your discovery.
Full Property Details
Full Property Details for 2408 5th St
General
- Price: $2,249,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-362531
- Updated: 5/27/2024
- Added to Site: 96 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: None
Parking
- Garage Description: Driveway
Location
- Area: Santa Monica
- County: Los Angeles
- Driving Directions: Between Ocean Park and Hollister.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Architectural Style: Mid-Century
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 3,996
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1963
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1.5
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1379
- Lot Size: 6005
- Lot Size Source: Vendor Enhanced
- Zoning: SMOP2*
Financial Considerations
- Price Per Sq. Ft.: $562.81
- Insurance Fee: $4,727
- Assessment Year: 1963
- Owner Pays: Water, Gardener
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 4287-007-020
Listed by Robust Real Estate, Corey Nelson
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Schools
Schools serving 2408 5th St
School District:Santa Monica-Malibu Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
John Muir Elementary School, Santa Monica, CA
2526 6th St, Santa Monica, CA 90405 | K-5 | 0.1 mi | |
2425 16th St, Santa Monica, CA 90405 | 6-8 | 0.9 mi | |
601 Pico Blvd, Santa Monica, CA 90405 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2408 5th St
Date
Details
Price
Change
Source
5/20/2024
Price Reduced
$2,249,000
-4.9%
MLS
3/01/2024
Listed
$2,365,000
605.97%
MLS
11/02/2020
Sold
$335,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2408 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,091
2%
$160,651
2%
2022
$3,032
4%
$157,502
2%
2021
$2,910
1%
$154,415
1%
2020
$2,886
1%
$152,833
2%
2019
$2,848
8%
$149,837
2%
2018
$2,628
1%
$146,900
2%
2017
$2,602
5%
$144,020
2%
2016
$2,477
1%
$141,197
2%
2015
$2,442
—
$139,077
2%
2014
$2,449
1%
$136,354
—
2013
$2,432
—
$135,739
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2408 5th St
2408 5th St, Santa Monica, CA 90405 (MLS# 24-362531) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 2408 5th St is currently listed for $2,249,000 and was received on March 01, 2024. Want to learn more about 2408 5th St? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.