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2102 -2114 Montana Ave, SM 90403 2114 Montana Ave 7 Unit Apartment Building $4,466,944 CAD ($638,135 CAD/Unit) 4.40% Cap Rate Santa Monica, CA 90403
INVESTMENT HIGHLIGHTS
- Premier Location on Prime Montana Avenue In Santa Monica. Extremely Desirable Area To Live.
- Nice Large Floor Plans with Ample Closet Space. Some Units Have Private Patios, 2 Have Shared Patios.
- Located in the desirable Santa Monica Unified School District and close to Santa Monica College
- Great Unit Mix Consisting of Six 2 Bedrooms & One 1 Bedroom. Parking Space for All Units.
- One Unit has Private Front Yard And Washer & Dryer. Hardwood Flooring In Some Units.
EXECUTIVE SUMMARY
Property is 7 Unit building 2102- 2114 Montana Avenue. Santa Monica 90403 .
Premier Location on Prime Montana Avenue In Santa Monica. Extremely Desirable Area To Live. Charming Building Lovingly Maintained In Same Ownership For Decades. Large 8007 Square Foot Corner Lot. Great Unit Mix Consisting of Six 2 Bedrooms & One 1 Bedroom. Parking Space for All Units. Nice Large Floor Plans with Ample Closet Space. Some Units Have Private Patios, 2 Have Shared Patios. One Unit has Private Front Yard And Washer & Dryer. Hardwood Flooring In Some Units. Upgraded Units Have Dishwasher. Walk Or Bike To All The Happening Stores & Restaurants Right Here On Montana Ave. See OM in Documents for more detailed information. DO NOT DISTURB TENANTS. SEE INSIDE WITH ACCEPTED OFFER.
Premier Location on Prime Montana Avenue In Santa Monica. Extremely Desirable Area To Live. Charming Building Lovingly Maintained In Same Ownership For Decades. Large 8007 Square Foot Corner Lot. Great Unit Mix Consisting of Six 2 Bedrooms & One 1 Bedroom. Parking Space for All Units. Nice Large Floor Plans with Ample Closet Space. Some Units Have Private Patios, 2 Have Shared Patios. One Unit has Private Front Yard And Washer & Dryer. Hardwood Flooring In Some Units. Upgraded Units Have Dishwasher. Walk Or Bike To All The Happening Stores & Restaurants Right Here On Montana Ave. See OM in Documents for more detailed information. DO NOT DISTURB TENANTS. SEE INSIDE WITH ACCEPTED OFFER.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$296,634
|
$43.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$296,634
|
$43.69
|
| Taxes |
$53,603
|
$7.89
|
| Operating Expenses |
$46,504
|
$6.85
|
| Total Expenses |
$100,107
|
$14.74
|
| Net Operating Income |
$196,527
|
$28.94
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $296,634 |
| Annual Per SF | $43.69 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $296,634 |
| Annual Per SF | $43.69 |
| Taxes (CAD) | |
|---|---|
| Annual | $53,603 |
| Annual Per SF | $7.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $46,504 |
| Annual Per SF | $6.85 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $100,107 |
| Annual Per SF | $14.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $196,527 |
| Annual Per SF | $28.94 |
PROPERTY FACTS
| Price | $4,466,944 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $638,135 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.40% | Building Size | 6,790 SF |
| Gross Rent Multiplier | 15.06 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Zoning | SMR2* | ||
| Price | $4,466,944 CAD |
| Price Per Unit | $638,135 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 15.06 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,790 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | SMR2* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $3,435 CAD | - |
| 1+1 | 1 | $4,690 CAD | - |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 4277-004-012 | Total Assessment | $1,236,466 CAD |
| Land Assessment | $655,443 CAD | Annual Taxes | $53,603 CAD ($7.89 CAD/SF) |
| Improvements Assessment | $581,023 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4277-004-012
Land Assessment
$655,443 CAD
Improvements Assessment
$581,023 CAD
Total Assessment
$1,236,466 CAD
Annual Taxes
$53,603 CAD ($7.89 CAD/SF)
Tax Year
2025
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2102 -2114 Montana Ave, SM 90403 | 2114 Montana Ave
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