3028 Colorado Avenue

Santa Monica, CA 90404

About this property

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.

About this property

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.

Features and Additional Information

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$2,195,000 Active
2,116 SQFT

Presented By Coldwell Banker Home Source

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Get in touch today! Phone: 1-760-684-8100
License #01902736
Brokerage
Spencer Anderson, Broker 562-682-5912
1-562-682-5912
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Area Information

C14 Santa Monica | Los Angeles County |

$ 2,195,000
This listing is play_arrow 158.2% higher than the average in the area
$ 850,000 in the area
2,116 SqFt
This listing is play_arrow 114.2% larger than the average in the area
988 SqFt in the area
$ 1,037 $/SqFt
This listing is play_arrow 20.6% more than the average in the area
$ 860 $/SqFt in the area
78 days on site
This listing is play_arrow 85.7% above the average in the area
42 days on site in the area

Schools in the Area

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Listed By Spencer Anderson
Brokerage: Spencer Anderson, Broker 562-682-5912

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