CA > Santa Monica
Santa Monica, CA 90405,2626 Cloverfield Boulevard
Santa Monica, CA 90405,2626 Cloverfield Boulevard
Santa Monica, CA 90405,2626 Cloverfield Boulevard
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$4,995,000
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5,948 SqFt
Active

2626 Cloverfield Boulevard Santa Monica, CA 90405

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,948 sqft

Price per Sqft $839

MLS Listing ID CL25477031

HOA Y/N No

Year Built 1966

Lot Size 6,046 Sqft

Acres 0.14

Property Sub-Type Other

Property Description

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% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on 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 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 6 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.

Location

State CA

County Los Angeles

Zoning SMR3

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 4273012016

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Armin Soleimani • Global Platinum Properties, Inc.

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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