Huge 650k Price Reduction & Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.
Property Details
Property Features
Property Information:
Year Built: 1966
Stories: 2
Living Area: 5,948 SqFt
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Interior Features
Interior Information:
Appliances: Refrigerator
Bedroom and Bathroom Information:
Total Bedroom Count: 11
Exterior Features
Parking Information:
Parking: Uncovered
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: Located on the North West Corner of Cloverfield Ave & Ocean Park
Price Information
Listing Price Info
Price Summary:
List Price: $4,995,000
Price Per SqFt: $840/SqFt
Tax Information:
Annual Amount: $14,728
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $3.0M more than the Median Sold Price and $266/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24464145
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 8:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 29, 1989
Sep 29, 1989Home Sold
$665,000
Dec 14, 1988
Dec 14, 1988Home Sold
$412,045
Dec 14, 1988
Dec 14, 1988Home Sold
$550,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,728
$1,132,637
2020
$14,481
$1,118,689
2019
$13,619
$1,096,755
2018
$13,511
$1,075,251
2017
$13,511
$1,054,169
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Grant Elementary School
2368 Pearl St
Distance between this listing and this school0.22 miles
Public District Grades PK-5
8
/10
Edison Language Academy
2402 Virginia Ave
Distance between this listing and this school0.61 miles
Public District Grades PK-5
6
/10
Will Rogers Learning Community
2401 14th St
Distance between this listing and this school0.63 miles
Public District Grades KG-5
Nearby Schools
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school0.51 miles
Public District Grades 6-8
5
/10
Mark Twain Middle School
2224 Walgrove Ave
Distance between this listing and this school1.34 miles
Public District Grades 6-8
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school1.36 miles
Public District Grades KG-8
Nearby Schools
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school1.17 miles
Public District Grades 9-12
6
/10
Animo Venice Charter High School
820 Broadway St
Distance between this listing and this school1.35 miles
Public Charter Grades 9-12
7
/10
New West Charter
1905 Armacost Ave
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $72,943. The most common annual income of people living in Santa Monica, CA is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2626 Cloverfield Blvd
What is the listing price of this property?
The listing price of 2626 Cloverfield Blvd property is $4,995,000.
What type of property is this?
The property 2626 Cloverfield Blvd is a house located in Santa Monica, California, 90405.
Is this property for sale now?
Active Listing: 2626 Cloverfield Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $14,728 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 29, 1989 for $665,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2626 Cloverfield Blvd has 11 bedrooms and 12 bathrooms.
What is the square footage of this property?
The property 2626 Cloverfield Blvd is 5,948 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2626 Cloverfield Blvd is 1966.
Interested in 2626 Cloverfield Blvd? Let's connect.
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This home is located at 2626 Cloverfield Blvd in Santa Monica, CA and zip code 90405 in the Sunset Park neighborhood. This 5,948 square foot home, which was built in 1966, sits on a 0.14 acre lot. Features: 11 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $4,995,000.
In November 2024, from all listings sold in Santa Monica, CA there were more than 12 sold above asking price, over 24 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Santa Monica, CA decreased by 4.4% between October 2024 and November 2024. In November 2024 median list price was $1,898,147 and the average listing age was 33 days.
From Rocket Homes Real Estate and based on county public records data.
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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