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Sold for $1,252,000
  • Listing Provided by: Elite Properties & Management
    Bought with: Elite Properties & Management
    Tax assessed value
    $1,252,000

    2242 28th St, Santa Monica, CA 90405

    5beds
    3baths
    2,145sqft
    Triplex
    Built in 1937
    -- sqft lot
    $1,968,700 Zestimate®
    $584/sqft
    $5,123 Estimated rent

    Home value

    $1,968,700

    $1.71M - $2.26M

    $5,123/mo

    Zestimate® history
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    What's special

    Prime triplex on 28th St(2242-2246 28th St.) in the heart of Santa Monica. It offers a unique combination of charm, space and unbeatable conveniences and amenities. Approximately 3 miles from the beach, located within blocks of Ocean Park, Santa Monica College and Virginia Park, excellent access to public transportation, including the Expo Line, bus stations, and bike path. Close to a variety of great restaurants, shopping and grocery stores. A short drive to 3rd Street Promenade, Santa Monica Pier and Bergamot Station Art center. The front unit is a beautifully maintained one-bedroom, one-bath home with a lovely yard. The second unit attached to the front house features 3-bedroom and 1-bath. This unit boasts a very large back yard perfect for outdoor entertaining and gardening. The third unit is a detached one-bedroom, one-bath home complete with its own one car garage and ample yard space. The subject property has great potentials for redevelopment including ADU (check with city). It needs TLC but future owner-occupants can qualify for temporary use exemption under Santa Monica rent control, making this property an even more attractive investment. Hurry, it won't last!

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Teresa Tsai DRE #00904243 714-931-1514,

    Elite Properties & Management

    Bought with:

    Teresa Tsai, DRE #00904243

    Elite Properties & Management

    Source: CRMLS,MLS#: PW24162392MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • None
    Cooling
    • None
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 2,145
    • Total interior livable area: 2,145 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage
    • Garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Entry location: front entrace
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 5,999 sqft
    • Features: No Landscaping, Yard
    Details
    • Parcel number: 4270003013
    • Zoning: SMR2*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Condition
    • Fixer
    • New construction: No
    • Year built: 1937

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Santa Monica

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    9/23/2024Sold$1,252,000-7.3%$584/sqft
    Source: CRMLS #PW24162392 Report a problem
    9/16/2024Pending sale$1,350,000$629/sqft
    Source: CRMLS #PW24162392 Report a problem
    8/31/2024Contingent$1,350,000$629/sqft
    Source: CRMLS #PW24162392 Report a problem
    8/30/2024Listed for sale$1,350,000$629/sqft
    Source: CRMLS #PW24162392 Report a problem
    8/30/2024Contingent$1,350,000$629/sqft
    Source: CRMLS #PW24162392 Report a problem
    8/30/2024Price change$1,350,000-6.9%$629/sqft
    Source: CRMLS #PW24162392 Report a problem
    8/16/2024Listed for sale$1,450,000$676/sqft
    Source: CRMLS #PW24162392 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,166 +538.6%$1,252,000 +859.6%
    2024$2,531 +1.7%$130,476 +2%
    2023$2,489 +2.1%$127,918 +2%
    2022$2,438 +4.2%$125,411 +2%
    2021$2,340 +0.8%$122,953 +1%
    2020$2,321 $121,694 +2%
    2019$2,321 +9%$119,308 +2%
    2018$2,129 $116,969 +2%
    2017$2,129 +1.2%$114,677 +2%
    2016$2,105 +4.3%$112,429 +1.5%
    2015$2,019 +1.2%$110,742 +2%
    2014$1,994 $108,574 +2.5%
    2012-- $105,966 +2%
    2011-- $103,889 +0.8%
    2010-- $103,114 -0.2%
    2009-- $103,360 +2%
    2008-- $101,334 +2%
    2007-- $99,348 +6.1%
    2004-- $93,620 +1.9%
    2003-- $91,905 +6.1%
    2000-- $86,607

    Find assessor info on the county website

    Neighborhood: Sunset Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,968,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,968,700