Fully approved plans (RTI) for 2 additional units (both ADUs are 3 bedrooms + 2 bathrooms and projected to rent for $6K/month each) resulting in a 6-Unit Property that will total 4,102 square feet of living area on a 5,972 square foot lot in a prime area of Santa Monica! This rare opportunity offers a corner lot with alley access and is ideal for an owner/user or investor. The charming, existing 4-unit building is situated on the front half of the large lot, providing space for the two new approved units and the 5 on-site parking spots along the rear alley.
The property is located in the heart of “Silicon Beach” which is home to numerous technology companies, including being less than one mile from large office campuses including the Water Garden, the West Edge, Riot Games Headquarters, and the Colorado Center with office tenants including Amazon, Hulu, and Roku.
Listed by Spencer Anderson
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License #01904398
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Spencer Anderson, Broker
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562-682-5912
Last updated January 20, 2025
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Source: CRMLS #PW24196365
Listing Facts
TypeMulti-family
NeighborhoodPico
Days on Prevu347
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/01/2024
Status changed to Active
$2,195,000
10/01/2024
Status changed to Removed from Feed
$2,195,000
09/25/2024
Listed by Spencer Anderson, Broker
$2,195,000
Property Details for 3028 Colorado Avenue
Association
Amenities
Community Features: Curbs, Sidewalks
Exterior
Construction
Number Of Units Total: 4
Stories: 2
Stories Total: 2
Year Built: 1940
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1st and 2nd Floor
Measurements
Building Area Total: 2,116
Building Area Units: Square Feet
Lot Features: Corner Lot
Lot Size Acres: 0.13
Lot Size Area: 5,972
Lot Size Source: Assessor
Lot Size Square Feet: 5,972
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $69,936.00
Operating Expense: $4,952.00
Taxes
Parcel Number: 4268004007
Other
Location
Tax Lot: 7
Parking
Parking
Open Parking Spaces: 5
Parking Features: Assigned, Paved, One Space
Parking Total: 5
Utilities
Equipment
Electric: Standard
Laundry Features: Laundry Room, See Remarks
Sewer: Public Sewer
Utilities: Sewer Connected, Water Connected
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.