1 month on rocket

3028 Colorado Ave, Santa Monica, CA, 90404

$2,195,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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3028 Colorado Ave, Santa Monica$2,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAssigned, Paved, One Space
Year Built1940
FireplaceNone
MLS #PW24196365
Lot Size0.14 Acres
StatusActive

About 3028 Colorado Ave

Fully approved plans (RTI) for 2 additional units (both ADUs are 3 bedrooms + 2 bathrooms and projected to rent for $6K/month each) resulting in a 6-Unit Property that will total 4,102 square feet of living area on a 5,972 square foot lot in a prime area of Santa Monica! This rare opportunity offers a corner lot with alley access and is ideal for an owner/user or investor. The charming, existing 4-unit building is situated on the front half of the large lot, providing space for the two new approved units and the 5 on-site parking spots along the rear alley. The property is located in the heart of “Silicon Beach” which is home to numerous technology companies, including being less than one mile from large office campuses including the Water Garden, the West Edge, Riot Games Headquarters, and the Colorado Center with office tenants including Amazon, Hulu, and Roku.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 2

Listing Office:

  • Office Name: Spencer Anderson, Broker
  • Office Phone: (562) 682-5912
  • Listing Agent: Spencer Anderson

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Assigned, Paved, One Space

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: Corner Lot: Colorado Avenue and Berkeley Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,195,000

Tax Information:

  • Annual Amount: $4,062
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Santa Monica, CA.

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Santa Monica, CA

City

Med. Sold Price

$1.8M

Med. Price/SqFt

$1,106

Avg. Days On Market

41

# of Sold Homes

62

3028 Colorado Ave vs Santa Monica

52 DAYS ON ROCKET

+11 Days

$2,195,000

+$355K More

KEY TAKEAWAY

This property is $355K more than the Median Sold Price in Santa Monica, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24196365

Listing Office:

  • Office Name: Spencer Anderson, Broker
  • Office Phone: (562) 682-5912
  • Listing Agent: Spencer Anderson

IDX 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: 11/17/2024, 9:21:01 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

Feb 25, 2021Home Sold
$1,670,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,062$266,754
2020$3,980$264,019
2019$3,728$258,843
2018$3,698$253,769
2017$3,698$248,794

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,647

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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.

Nearby Schools

school-card-donut-393572
7
/10

  • McKinley Elementary School

  • 2401 Santa Monica Blvd

  • 0.64 miles

  • Public District Grades KG-5

school-card-donut-393573
8
/10

  • Edison Language Academy

  • 2402 Virginia Ave

  • 0.70 miles

  • Public District Grades PK-5

school-card-donut-393574
6
/10

  • Brockton Avenue Elementary

  • 1309 Armacost Ave

  • 0.70 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,813. Most Santa Monica, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Santa Monica›90404›3028 Colorado Ave

This home is located at 3028 Colorado Ave in Santa Monica, CA and zip code 90404 in the Pico neighborhood. This home, which was built in 1940, sits on a 0.14 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $2,195,000.

While more than 22 listings in Santa Monica, CA in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 33 were sold below. The inventory of homes for sale in Santa Monica, CA between September 2024 and October 2024 increased by 14%. In October 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,840,000.

From Rocket Homes Real Estate and based on county public records data.

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