Log In/Sign Up
Your email has been sent.
3017 4th St, Santa Monica 3017 4th St 4 Unit Apartment Building $3,393,838 CAD ($848,459 CAD/Unit) 4.91% Cap Rate Santa Monica, CA 90405
Investment Highlights
- Excellent Unit Mix: (1) 3-Bed/2-Bath Townhome, (1) 2-Bed/1-Bath, (2) 1-Bed/1-Bath Units
- Two Units Will Be Delivered Vacant, Offering Immediate Upside And Owner-User Flexibility
- Located On A 7,512 SF Lot With Approximately 3,379 SF Of Rentable Space
- Rear Unit Is A Spacious 2-Story Townhome With Private Backyard Patio
- 4.91% Current CAP Rate With Upside To 6.25% Pro Forma CAP | Prime Ocean Park Location Just Blocks From The Beach, Main Street, And Rose Avenue Retail
- Parking Includes (3) 1-Car Garages + (1) Additional On-Site Space
Executive Summary
3017 4th Street presents a well-located 4-unit multifamily investment opportunity in the highly sought-after Ocean Park neighborhood of Santa Monica. Situated on a 7,512 SF lot, the property offers approximately 3,379 SF of rentable space and features a desirable unit mix consisting of (1) 3-Bed/2-Bath Townhome, (1) 2-Bed/1-Bath, and (2) 1-Bed/1-Bath units.
The rear unit is a spacious 2-story townhome that includes a private backyard patio, providing a highly desirable living environment and strong tenant appeal. The property also offers immediate upside with two units delivered vacant, allowing an investor to achieve market rents or an owner-user to occupy a unit while generating income from the remaining units.
With solid in-place income and clear rental upside, the property operates at a 4.91% CAP rate with the potential to reach a 6.25% pro forma CAP. Located just blocks from the beach and within close proximity to Main Street and Rose Avenue, 3017 4th Street benefits from strong rental demand in one of the most supply-constrained coastal submarkets in Los Angeles, making it an attractive opportunity for both investors and owner-users.
The rear unit is a spacious 2-story townhome that includes a private backyard patio, providing a highly desirable living environment and strong tenant appeal. The property also offers immediate upside with two units delivered vacant, allowing an investor to achieve market rents or an owner-user to occupy a unit while generating income from the remaining units.
With solid in-place income and clear rental upside, the property operates at a 4.91% CAP rate with the potential to reach a 6.25% pro forma CAP. Located just blocks from the beach and within close proximity to Main Street and Rose Avenue, 3017 4th Street benefits from strong rental demand in one of the most supply-constrained coastal submarkets in Los Angeles, making it an attractive opportunity for both investors and owner-users.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,393,838 CAD | Building Class | C |
| Price Per Unit | $848,459 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,379 SF |
| Cap Rate | 4.91% | Average Occupancy | 50% |
| Gross Rent Multiplier | 14.21 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 0.53/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SMOP2* - Low Density Residential | ||
| Price | $3,393,838 CAD |
| Price Per Unit | $848,459 CAD |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| Gross Rent Multiplier | 14.21 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,379 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | SMOP2* - Low Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $6,095 CAD | - |
| 1+1 | 2 | $3,985 CAD | - |
| 3+2 | 1 | $5,836 CAD | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4287-027-003 | Improvements Assessment | $317,913 CAD |
| Land Assessment | $2,861,213 CAD | Total Assessment | $3,179,126 CAD |
Property Taxes
Parcel Number
4287-027-003
Land Assessment
$2,861,213 CAD
Improvements Assessment
$317,913 CAD
Total Assessment
$3,179,126 CAD
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3017 4th St, Santa Monica | 3017 4th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.