2002-2012 Montana Ave
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2002-2012 Montana Ave
6 Unit Apartment Building $3,300,000 ($550,000/Unit) 2.76% Cap Rate Santa Monica, CA 90403
Investment Highlights
- Great Property on Montana Ave Santa Monica!
- High visibility, well trafficked area-- easy rentals
- Value Add Opportunity!
Executive Summary
Great Investment opportunity in Santa Monica! Bread and butter income property on a corner lot on Montana Avenue. High visibility, well trafficked area-- easy rentals. The building is located in a desirable residential neighborhood, just minutes from shopping, dining, and more! Coastal living at it's finest! This apartment is located just off the beaten path on beautiful Montana Avenue in Santa Monica. Ride your bike to the beach or take a drive up Sunset Blvd., access to all that LA has to offer is at your fingertips!
Proforma Rent Schedule and estimated Expenses (including estimated new prop. taxes based on List Price).
Proforma Rent Schedule and estimated Expenses (including estimated new prop. taxes based on List Price).
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,300,000 | Property Subtype | Apartment |
| Price Per Unit | $550,000 | Building Class | C |
| Sale Type | Investment | Building Size | 3,113 SF |
| Cap Rate | 2.76% | No. Stories | 2 |
| Gross Rent Multiplier | 20.77 | Year Built | 1941 |
| No. Units | 6 | Parking Ratio | 2.25/1,000 SF |
| Property Type | Multifamily |
| Price | $3,300,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| Cap Rate | 2.76% |
| Gross Rent Multiplier | 20.77 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 3,113 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 2.25/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
1 of 1
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 4277-005-015 | Total Assessment | $745,904 (2024) |
| Land Assessment | $571,321 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $174,583 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4277-005-015
Land Assessment
$571,321 (2024)
Improvements Assessment
$174,583 (2024)
Total Assessment
$745,904 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | SMR2* (Apartment) |
| SMR2* (Apartment) |
-
William Dawson -
Sullivan-Dituri Company
(310) 453-3341
x103
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2002-2012 Montana Ave
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