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2031 5th Street, Santa Monica, CA 90405
OFFERING HIGHLIGHTS 4 Units in Santa Monica; prime location, 5 blocks from the beach!
Bright, spacious townhouse units with private balconies, perfect for owner user 2-car private garage, 3 covered spaces, guest parking
3 fireplaces in large front townhouse More than 70% upside in rents!
MARKETING PRESENTATION
Prosser Stevens Real Estate Investments 2701 Ocean Park Blvd. Suite 140 Santa Monica, CA 90405
[email protected] (310) 482-2209 www.ProsserStevens.com
1. PROPERTY ANALYSIS
Property Summary
Financial Overview
Rent Roll Overview
2. PROPERTY INFORMATION
Property Location Map Property Plat Map Property Photos
3. SALES COMPARABLES
Sales Comparables
Sales Comparables Map
CONTENTS
PROPERTY SUMMARY
Description
Units 4 Building SF 4,597
Cross Street 5th Street & Pacific Street Parcel Number 4289-009-016
Market Santa Monica Building (1) 2-Story Building
Year Built 1965 Zoning Type SMOP2*
Parking 2-car garage, 3 covered spaces, guest parking
Utilities
Property Prosser Stevens Real Estate Investments proudly announces the exclusive listing of 2031 5th Street in Santa Monica. The property features (2) spacious townhouse-style units and (2) 1+1 apartments. All units have private balconies. The large townhouse unit has three fireplaces. Just 5 blocks from the beach, this building is in a prime location for an owner user. There is a 2-car private garage, (3) covered parking spaces and additional guest parking. There is approximately 70% upside in rents.
Area The subject property is located in the Santa Monica neighborhood just 5 blocks from the beach. The 4-unit property will be within walking distance to the new Metro Expo train line, which offers easy access to downtown Los Angeles through Culver City. Only a few blocks away is Santa Monica’s Hotchkiss Park and the Memorial Open Air Theatre. Easy access to Hwy 10 and Lincoln Blvd.
Highlights
FINANCIAL OVERVIEW
RENT ROLL
PROPERTY LOCATION
PROPERTY LOCATION Metro Expo Train Line
0.6 mile walk to Colorado & 4th Street station
PARCEL MAP Lot #15
PROPERTY PHOTOS
PROPERTY PHOTOS
PROPERTY PHOTOS
PROPERTY PHOTOS
PROPERTY PHOTOS
COMPARABLES
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$2,110,000 6 6,731 $313.47 $351,666.67 13.53 4.70 Year Built: 1962 Unit Mix: (3) 3+2, (3) 2+2 Closed on 9/4/2012
Comp A: 508 Hill St. Santa Monica, CA 90405
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$2,100,000 4 3,584 $585.94 $525,000 15.00 6.67 Year Built: 1963 Unit Mix: (4) 2+1.5 Closed on 6/27/2013
Comp B: 915 Marine St #4 Santa Monica, CA 90405
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,775,000 7 5,262 $337.32 $253,571.43 14.80 Year Built: 1962 Unit Mix: (7) 2+2 Closed on 10/31/2012
Comp C: 649 Ocean Park Blvd Santa Monica, CA 90405
COMPARABLES
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,725,000 5 5,737 $300.68 $345,000 16.70 Year Built: 1962 Unit Mix: (4) 1+1 Closed on Sold by Prosser Stevens
Comp D: 512 Ocean Park Blvd Santa Monica, CA 90405
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,525,000 4 4,550 $585.94 $381,250 0.00 Year Built: 1959 Unit Mix: (2) 2+1, (2) 3+2 Closed on 2/14/2013
Comp E: 642 Pacific Street Santa Monica, CA 90405
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,500,000 3 3,019 $496.85 $500,000 0.00 Year Built: 1963 Unit Mix: (3) 2+1 Closed on 10/29/2012
Comp F: 2913 10th St Santa Monica, CA 90405
SALES COMPARABLES MAP
Subject Property: 2031 5th Street, Santa Monica, CA
Sale Comp A: 508 Hill St. Santa Monica, CA 90405 Sale Comp B: 915 Marine St #4 Santa Monica, CA 90405 Sale Comp C: 649 Ocean Park Blvd Santa Monica, CA 90405 Sale Comp D: 512 Ocean Park Blvd Santa Monica, CA 90405 Sale Comp E: 642 Pacific Street Santa Monica, CA 90405 Sale Comp F: 2913 10th St Santa Monica, CA 90405
Prosser Stevens Real Estate Investments
Office 310.482.2209
www.ProsserStevens.com 310.861.1175 fax
