2639 Highland Ave, SANTA MONICA, CA

$1,600,000

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5

Beds

3

Baths

1,647

Square feet

0.10

Acres

About 2639 Highland Ave

First time on the market in 46 years, 2639-2643 Highland Avenue is a charming and unique corner lot property comprised of three detached, bungalow-style residences! With (1) 1Bed+1Bath front house, (1) 2Bed+1Bath middle house, and (1) VACANT 2Bed+1Bath back house, this is the perfect opportunity for an owner-user or investor looking for a prime Ocean Park asset. Additionally, there is a bonus room + bathroom that could double as a bedroom, art studio, gym, or office with the potential to be connected to the upstairs owner's unit or legalized as a rental unit using the ADU law. Sitting on a 4,288 square foot corner lot with lush greenery and an ocean breeze, each house features a separate entrance and a private deck, yard, or patio. There are also (2) single-car garages, one of which to be delivered VACANT. Located in the Ocean Park neighborhood just blocks from the beach, Ocean View Park, and Main St, and only a short walk to Rose Ave and Abbot Kinney in Venice, this property is centrally located near some of the most highly rated shops, dining, and entertainment venues. ATTENTION: Owner-occupied triplexes can qualify for a temporary use exemption from Santa Monica's rent control law. Properties like this rarely become available! See supplements for OM.

Features of 2639 Highland Ave

MLS® # SB24091715MR
Price $1,600,000
Units 3
Bedrooms 5
Bathrooms 3.00
Square Footage 1,647
Acres 0.10
Year Built 1913
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 2639 Highland Ave
Area Santa Monica
City SANTA MONICA
County Los Angeles
State CA
Zip Code 90405

Amenities

Parking Spaces 2
# of Garages 2
Garages Garage
Is Waterfront No
Has Pool No
Pool None

Interior

Heating Floor Furnace, Wall
Cooling None
Fireplace No
# of Stories 2
Has Basement No

Additional Information

Date Listed May 3rd, 2024
Days on Market 11
Zoning SMOPD*
Foreclosure No
RE / Bank Owned No
Cap Rate 4.83
Net Operating Income $77,234

Unit 1 Details

Beds 1
Baths 1.00
Rent $2,623

Unit 2 Details

Beds 2
Baths 1.00
Rent $2,598

Unit 3 Details

Beds 2
Baths 1.00

Listing Details

AgentRobert Sillman (02145409)
OfficeLyon Stahl Investment Real Estate, Inc.

Listing Map

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