3024 Pico Blvd
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3024 Pico Blvd
6 Unit Block of Flats £1,984,822 (£330,804/Unit) 3.48% Net Initial Yield Santa Monica, CA 90405
Investment Highlights
- Unique residential proeprty on Pico Blvd. Santa Monica!
Executive Summary
First time on the market in 65 years! This bread and butter apartment building with six one-bedroom, one-bath units offers consistent income in a desirable neighborhood on the Westside. Unique multifamily property located on vibrant Pico Blvd. in Santa Monica's Sunset Park neighborhood. There is quick and easy access to the beach, West LA, the 10 and 405 Freeways, and Santa Monica College. This property is a solid investment and easy rental!
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 | £1,984,822 | Property Subtype | Apartment |
| Price Per Unit | £330,804 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Net Initial Yield | 3.48% | Building Size | 3,039 SF |
| Gross Rent Multiplier | 18.7 | Number of Floors | 2 |
| No. Units | 6 | Year Built | 1957 |
| Property Type | Residential | Parking Ratio | 1.97/1,000 SF |
| Price | £1,984,822 |
| Price Per Unit | £330,804 |
| Sale Type | Investment |
| Net Initial Yield | 3.48% |
| Gross Rent Multiplier | 18.7 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 3,039 SF |
| Number of Floors | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.97/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 500 |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 4270-006-042 | Total Assessment | £135,178 (2024) |
| Land Assessment | £71,465 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £63,714 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4270-006-042
Land Assessment
£71,465 (2024)
Improvements Assessment
£63,714 (2024)
Total Assessment
£135,178 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | SMC4* |
| SMC4* |
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3024 Pico Blvd
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