tomo logo

$3,598,000

Beds
4
sq ft
4,393

2709 Santa Monica Blvd, Santa Monica, CA 90404

2709 Santa Monica Blvd

Santa Monica, CA 90404

  • 111 days on market
    • Price drop $387,000↓
*Incredible opportunity to reposition this excellent asset or to redevelop entirely. *Set on an oversized lot of 7,500sf that measures 50 feet of frontage along Santa Monica Blvd and 150 deep with rear alley access. *Highly visible location - Over 30K cars each day drive along Santa Monica Blvd *Access to major tech employers, close proximity to Brentwood and West LA, along with all the world class attractions of Santa Monica Three separate buildings on site. Single story building that fronts SM Blvd is comprised of two side by side commercial units (month to month/ appx 1,500sf), a detached commercial unit with loft (month to month, appx 1,500sf ) and a rear building that is residential with three units totaling about 1,470sf (a 2/1, 1/1 and studio). All residential units on month to month. This property affords the buyer an opportunity to immediately reposition a stabilized asset as all the commercial leases are month to month. This works for an owner user or for an investor. Additionally, one can redevelop into a mixed use property and take advantage of density bonuses from the City of SM.

Details

Property type

Est. home value

$3,745,698

Lot size

7,522 sq ft

Price per sq ft

$820

Year built

1946

HOA

No

Price History

06/17/2024
CLAW

CLAW #24367013

Listed
$3,598,000
06/06/2024
CLAW

CLAW #24367013

Removed
$3,598,000
04/25/2024
CLAW

CLAW #24367013

Price change
$3,598,000
-9.71%

Schools & Community

Neighborhood: 

Mid-City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Open Bank

Loan start date

June 2018

Original loan amount

$1,350,000

Est. remaining balance

Not provided

Interest rate

3.77%

Loan type

Commercial

Seller

Silver Block Holing Company Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/03/2024 at 10:55 AM

Listing updated: 06/17/2024 at 12:13 PM

Listed by: Victoria Risko, The Beverly Hills Estates Phone #: (310) 626-4248

MLS: CLAW #24367013

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