Sold for $2,550,000

Listed by: Lyon Stahl Investment Real Estate, Inc. • Robert Sillman • Contact: 310-908-5092

Bought with: Lyon Stahl Investment Real Estate, Inc.

$2,550,000

1902 Montana Ave, Santa Monica, CA 90403

5beds

4baths

3,237sqft

Quadruplex

Built in 1939

-- sqft lot

$2,919,000 Zestimate^®

$788/sqft

$6,345 Estimated rent

Home value

$2,919,000

$2.54M - $3.36M

$6,345/mo

Zestimate^® history

Owner options

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$6,345/mo

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$6,345/mo

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$16,192/mo

Est. payment

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$16,192/mo

Est. payment

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What's special

Newer roofFresh paintingPalisades park

Trophy Asset! 1902 Montana Ave is a stunning 4-unit apartment building located in one of the nicest pockets of West LA. This property is ideal for any investor or owner-user looking for a highly appreciating asset with very low maintenance. The building is comprised of (1) 2Bed/1Bath, (3) 1Bed/1Bath & a bonus Studio unit collecting $2,195 per month (BTV)! Two units are renovated and one 2Bed/1Bath unit is currently vacant offering immediate upside. Beneficial to the new owner, the property features a newer roof, fresh painting, a charming central courtyard, and electrical and plumbing upgrades. There are also 4 garages (3 vacant) and 5 on-site parking spaces, as well as ample street parking. There is an opportunity to build an ADU in the garages. Walking distance to trendy restaurants, cafes, & retail shops on Montana Avenue and within 1.5 Miles from Santa Monica Beach, 3rd Street Promenade & Palisades Park.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Appliances

Laundry: In Garage

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,237
Total interior livable area: 3,237 sqft

Property

Parking

Total spaces: 9
Parking features: Garage
Garage spaces: 4
Uncovered spaces: 5

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 6,011 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 4277006014
Zoning: SMR2*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1939

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking, Curbs, Golf, Sidewalks

Location

Region: Santa Monica

Financial & listing details

Price per square foot: $788/sqft
Tax assessed value: $2,496,960
Annual tax amount: $31,337
Date on market: 1/17/2024
Cumulative days on market: 6 days
Listing terms: Cash,Cash to New Loan
Total actual rent: 10763

Price history

Date	Event	Price
3/7/2024	Sold	$2,550,000-4.7%$788/sqft
Source: CRMLS #SB24008645 Report a problem
1/26/2024	Pending sale	$2,675,000$826/sqft
Source: CRMLS #SB24008645 Report a problem
1/17/2024	Listed for sale	$2,675,000$826/sqft
Source: CRMLS #SB24008645 Report a problem
11/6/2023	Listing removed	--
Source: CLAW #23-296929 Report a problem
10/6/2023	Price change	$2,675,000-3.6%$826/sqft
Source: CLAW #23-296929 Report a problem
9/18/2023	Price change	$2,775,000-4.1%$857/sqft
Source: CLAW #23-296929 Report a problem
8/2/2023	Listed for sale	$2,895,000+18.2%$894/sqft
Source: CLAW #23-296929 Report a problem
1/23/2018	Sold	$2,450,000-10.9%$757/sqft
Source: CLAW #17271446 Report a problem
9/26/2017	Listed for sale	$2,749,000$849/sqft
Source: Keller Williams-Santa Monica #17271446 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$31,337 -4.2%	$2,496,960 -8.7%
2024	$32,706 +1.6%	$2,733,597 +2%
2023	$32,185 +1.2%	$2,680,010 +2%
2022	$31,793 +2.5%	$2,627,473 +2%
2021	$31,019 +0.7%	$2,575,966 +1%
2020	$30,809	$2,549,560 +2%
2019	$30,809 +250.9%	$2,499,580 +256.3%
2018	$8,779	$701,507 +2.1%
2017	$8,779 +0.6%	$687,184 +2%
2016	$8,729 +3.6%	$673,711 +1.5%
2015	$8,423 +7.3%	$663,592 +2%
2014	$7,847	$650,594 +2.5%
2012	--	$634,957 +2%
2011	--	$622,508 +0.8%
2010	--	$617,856 -0.2%
2009	--	$619,325 +2%
2008	--	$607,182 +2%
2007	--	$595,278 +2%
2006	--	$583,607
2005	--	$583,607 +4%
2004	--	$560,947 +1.9%
2003	--	$550,667 +2%
2002	--	$539,871 +4%
2000	--	$518,909