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2428 Beverley Avenue, Santa Monica, CA 90405

8 Bed, 8 Bath Multi-Family Home For Sale

2428 Beverley Avenue, Santa Monica, CA 90405 House For Sale - MLS #18320930
Off the Market
$3,850,000
8
8
Multi-Family
4 Family
This listing is courtesy of Annah Blanton from Colliers International Greater Los Angel.

Property Description for 2428 Beverley Avenue, Santa Monica, CA 90405

Well-maintained 4-unit architectural residence in highly sought-after Santa Monica with 58.8% upside potential. Building sits on a hilltop corner lot nestled among the trees with panoramic views of the ocean. Designed in 2-bedroom layouts, the open townhome-style units feature exposed wood ceilings, metal-clad beams, custom wide plank flooring, stage spotlights, expansive private decks and separate entrances. While 3 units were upgraded with modern fixtures and finishings between 2011-2013, there is opportunity to add further value with strategic second-level renovations.Unique units are ideal for a possible owner/user opportunity. Property is a 10-minute walk to Main Street and the beach and one mile from the 3rd Street Promenade, Santa Monica Pier, Metro Expo Line Station and Santa Monica College. 5.07% cap rate and 14.24 GRM pro forma

Interior Details

4,281 sq. ft.
$899.32/sq. ft.
Open Floor Plan

Exterior Details

0.16 acres
7,124 sq. ft.
5 Garage Spaces
7

Other Details

18320930
1965
4

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 2      Rent: $5,038     

Unit #2
Bedrooms: 2      Full / Half Baths: 2      Rent: $4,500     

Unit #3
Bedrooms: 2      Full / Half Baths: 2      Rent: $4,394     

Unit #4
Bedrooms: 2      Full / Half Baths: 2      Rent: $1,182     

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Town Description

The Santa Monica Hippodrome (carousel) is a National Historic Landmark. It sits on the Santa Monica Pier, which was built in 1909. The La Monica Ballroom on the pier was once the largest ballroom in...

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