2505 14th Street Santa Monica, CA 90405
2505 14th Street presents a unique investment opportunity in the highly desirable Sunset Park neighborhood of Santa Monica, just 1 mile from the beach. This triplex, built in 1940, is composed of 2 separate structures consisting of (3) 1 Bed + 1 Bath units, totaling approximately 1, 807 square feet on a 6, 429 square foot lot Zoned SMR2. With a current cap rate of 4.0% and a market cap rate of 6.0%, this property is an attractive opportunity for investors seeking a location-driven asset with strong upside potential.Perfect for an owner-user or investor, as two of the three units will be delivered vacant, allowing for immediate rental income at market rates. Each unit features a private yard, high wood beamed ceilings, with skylights. The detached Unit C is particularly well-suited for an owner-occupant looking to offset their mortgage with rental income from the other two units, and has a private deck. 2505 14th Street offers convenient parking and individual garages, a significant selling point in Santa Monica. There is also potential for future income growth through the conversion of the garages into ADU's (Buyer to Verify). Located in close proximity to a variety of retail stores, dining options, and outdoor activities, including 365 Whole Foods, Gelsons, the 3rd Street Promenade, and Lincoln Plaza, 2505 14th Street provides residents with a quintessential Santa Monica lifestyle
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusActive Under Contract
- MLS ID Number24378759
- Home Size Source N/A
- Year Built1940
- Lot Size0.1476 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking DrivewayGarage - Three DoorPrivateStreet
- Parking Spaces 3
- Number of Stories 22
- Acreage 0.1476
- Zoning SMR2*
- Listing Conditions Standard
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating Wall Furnace
- Appliances Oven
- Flooring WoodTileVinyl
- Interior Beamed Ceilings
- Fireplace Features None
- Laundry Features None
- Fireplace No
Exterior Features
- View Ocean
- Patio And Porch PorchFront PorchDeck
Community Features
- Senior Community No
- MLS Area C14 - Santa Monica