Sold for $1,450,000

Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • Contact: 310-425-9838

Bought with: Lyon Stahl Investment Real Estate, Inc.

$1,450,000

2200 23rd St, Santa Monica, CA 90405

4beds

4baths

2,014sqft

Quadruplex

Built in 1938

-- sqft lot

$1,687,400 Zestimate^®

$720/sqft

$4,318 Estimated rent

Home value

$1,687,400

$1.50M - $1.92M

$4,318/mo

Zestimate^® history

Owner options

List your home for rent

$4,318/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$4,318/mo

Rent Zestimate^®

Refinance and save

$9,207/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$9,207/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Value-add 4plex in Santa Monica offered at only $350k/unit! 2200 23rd St is the perfect opportunity for any value-add investor looking for one of the lowest price/unit 4plex in all of Santa Monica. Once the property is fully stabilized, it will operate at a 6.65% CAP and 11.40 GRM 2200 23rd St is comprised of (4) 1Bed+1Bath units. Each unit features a garage parking spot, as well as a spot for another parking space in front for a total of 8 parking spaces. The subject property is located only minutes away from Third Street Promenade, Santa Monica Airport, Miramar Hotel, and many more developments. With an A+ location and a walk score of 77 (Very Walkable), 2200 23rd St is an ideal spot for any tenant!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Appliances

Laundry: None

Features

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

Interior area

Total structure area: 2,014
Total interior livable area: 2,014 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Levels: One
Stories: 1
Entry location: Front
Pool features: None

Lot

Size: 6,077 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 4273005031
Zoning: SMR1*
Special conditions: Standard

Construction

Type & style

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

Condition

New construction: No
Year built: 1938

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Urban

Location

Region: Santa Monica

Financial & listing details

Price per square foot: $720/sqft
Tax assessed value: $1,479,000
Annual tax amount: $18,961
Date on market: 1/22/2024
Cumulative days on market: 4 days
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

Price history

Date	Event	Price
3/7/2024	Sold	$1,450,000$720/sqft
Source: CRMLS #SB24013307 Report a problem
1/26/2024	Pending sale	$1,450,000$720/sqft
Source: CRMLS #SB24013307 Report a problem
1/22/2024	Listed for sale	$1,450,000$720/sqft
Source: CRMLS #SB24013307 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$18,961 +263.2%	$1,479,000 +312.6%
2024	$5,220 +1.7%	$358,418 +2%
2023	$5,134 +1.6%	$351,391 +2%
2022	$5,052 +3.2%	$344,502 +2%
2021	$4,895 +0.7%	$337,748 +1%
2020	$4,859	$334,286 +2%
2019	$4,859 +8.2%	$327,733 +2%
2018	$4,492	$321,308 +2%
2017	$4,492 +0.8%	$315,009 +2%
2016	$4,458 +3.6%	$308,833 +1.5%
2015	$4,302 +1.9%	$304,195 +2%
2014	$4,220	$298,237 +2.5%
2012	--	$291,070 +2%
2011	--	$285,363 +0.8%
2010	--	$283,231 -0.2%
2009	--	$283,905 +2%
2008	--	$278,339 +2%
2007	--	$272,883 +2%
2006	--	$267,533
2005	--	$267,533 +4%
2004	--	$257,146 +1.9%
2003	--	$252,434 +2%
2002	--	$247,485 +4%
2000	--	$237,877