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2428 BEVERLEY Avenue, Santa Monica, CA 90405

Property Details

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2428 BEVERLEY Avenue
Santa Monica, CA 90405

For Sale: $4,100,000

Property Type: Fourplex
MLS#: 18320930

  • Building Size: 4281 SF
  • Lot Size: 7124 SF
  • Number of Units: 4
  • Number of Stories: 2
  • Year Built: 1965
  • Days on market: 229
  • Cap Rate: 2.66
  • Net Operating Income: $109,143
  • Gross Scheduled Income: $175,924
  • Rent Control: No
  • GRM: 22.61
  • Contact Listing Agent Direct:
  • Annah Blanton, Colliers International Greater


Property Description

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


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2428 BEVERLEY Avenue, Santa Monica, CA 90405

Based on information from California Regional Multiple Listing Service, Inc. as of March 15, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Annah Blanton, Colliers International Greater

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