Home For Sale In Santa Monica, California

house for sale

Listed: 05/19/24

2621 Cloverfield Boulevard, Santa Monica, CA 90405, USA

11 Bed:

12 Bath:

5,948 Sq Ft Living Area:

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Price

$ 5M

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About This House

Huge 650k Price Reduction! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and12.6 GRMfrom day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and11.2 GRMon the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (2 vacant) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back … Full description

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Houses for sale in Santa Monica

Original listing

Santa Monica Housing & Living

Average sale prices for houses

2 bed

3 bed

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Month	Median Price
May 2024	$1,722,333 (+0.4%)
Apr 2024	$1,715,000 (0%)
Mar 2024	$1,715,000 (0%)
Feb 2024	$1,715,000 (0%)
Jan 2024	$1,715,000 (-10.5%)
Dec 2023	$1,916,956 (0%)

In May 2024, the asking price for 2 bed houses for sale in/near Santa Monica, United States averaged $1,722,333, an increase of 0.4% from the previous month.

Median price trends for properties for sale in Santa Monica, United States as of May 2024.

Household Income

Median household income: $86,084

Number of households: 46,358

The average household income in Santa Monica, CA grew from $82,123 to $86,084 in the past year. This data is an estimate based upon 46,358 households in Santa Monica, CA.
The chart below presents how household income is distributed in Santa Monica, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Santa Monica, CA compared to median property taxes around the country. The prevalent amount of property taxes in Santa Monica, CA equals $3k+ , which is more than the national average.

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