2505 14th St Santa Monica, CA 90405
Other Residential
MLS #: 24-378759
Courtesy Of Keller Williams Realty Studio City
$1,748,755
3 beds
|
1,807 sq ft
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Estimated monthly payments:
$7,644/mo.* (recalculate)
Property InformationDescription
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
Features
- Age: Over 50 Years Old
- Appliances: Oven
- Architecture Style: Bungalow
- Cooling System: Ceiling Fan(s), Window Unit(s) A/C
- Floor Covering: Hardwood, Laminate, Tile, Vinyl, Wood
- Lot Size: 0.15 Acres
- Roof Type: Unknown
- Rooms: Bedroom, Living Room
- View Type: Ocean
MAP & DIRECTIONS
School Information
2505 14th St, Santa Monica, CA 90405
Elementary School
Grades KG-5 |
Public School
WILL ROGERS LEARNING COMMUNITY
Santa Monica, CA 90405
2401 14th St
310.452.2364
Distance: 0.1 mi
School Rating
B-
Student:Teacher Ratio
23:1
Total Students
476
Middle School
Grades 6-8 |
Public School
JOHN ADAMS MIDDLE SCHOOL
Santa Monica, CA 90405
2425 16th St
310.452.2326
Distance: 0.2 mi
School Rating
B+
Student:Teacher Ratio
21:1
Total Students
946
High School
Grades 9-12 |
Public School
SANTA MONICA HIGH SCHOOL
Santa Monica, CA 90405
601 Pico Blvd
310.395.3204
Distance: 0.9 mi
School Rating
A
Student:Teacher Ratio
22:1
Total Students
2863
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Olympic High (continuation) | 0.5 mi | Public | 9-12 | C |
| John Muir Elementary School | 0.7 mi | Public | PK-5 | |
| Santa Monica Alternative (k-8) | 0.7 mi | Public | KG-8 | A |
| Grant Elementary School | 0.7 mi | Public | PK-5 | B+ |
| Santa Monica-malibu Preschool | 0.9 mi | Public | ||
| Edison Language Academy | 1.0 mi | Public | PK-5 | A |
| Broadway Elementary School | 1.1 mi | Public | KG-5 | A |
| Santa Monica Montessori | 1.1 mi | Private | KG-6 | |
| Animo Venice Charter High School | 1.1 mi | Public | 9-12 | B |
| Ps 1 Pluralistic School | 1.1 mi | Private | KG-6 | |
| St Annes School | 1.1 mi | Private | PK-8 | |
| Walgrove Avenue Elementary | 1.1 mi | Public | KG-5 | D+ |
| Waldorf Early Childhood Center | 1.2 mi | Private | PK-KG | |
| Ecole Claire Fontaine | 1.3 mi | Private | KG | |
| Westminster Avenue Elementary | 1.3 mi | Public | KG-5 | C |
| Acton Academy Venice Beach | 1.5 mi | Private | 1-12 | |
| Mckinley Elementary School | 1.5 mi | Public | KG-5 | B |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Santa Monica, CA 90405
| Median Age: | 41.1 |
|---|---|
| Married: | 31% |
| Number of Households: | 13,723 |
| Households with Children: | 17.6% |
Santa Monica, CA 90405
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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