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Backup Offers

2505 14th St, Santa Monica, CA, 90405

$1,748,755

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Baths
1,807 SqFt
$968/SqFt
House
Schools Nearby

Location

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2505 14th St, Santa Monica$1,748,755

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDoor-Multi, Driveway, Garage, Private, On Street
Year Built1940
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewOcean
MLS #24378759
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 2505 14th St

2505 14th Street presents a unique investment opportunity in the highly desirable Sunset Park neighborhood of Santa Monica, just 1 mile from the beach. This triplex, built in 1940, is composed of 2 separate structures consisting of (3) 1 Bed + 1 Bath units, totaling approximately 1,807 square feet on a 6,429 square foot lot Zoned SMR2. With a current cap rate of 4.0% and a market cap rate of 6.0%, this property is an attractive opportunity for investors seeking a location-driven asset with strong upside potential.Perfect for an owner-user or investor, as two of the three units will be delivered vacant, allowing for immediate rental income at market rates. Each unit features a private yard, high wood beamed ceilings, with skylights. The detached Unit C is particularly well-suited for an owner-occupant looking to offset their mortgage with rental income from the other two units, and has a private deck. 2505 14th Street offers convenient parking and individual garages, a significant selling point in Santa Monica. There is also potential for future income growth through the conversion of the garages into ADU's (Buyer to Verify). Located in close proximity to a variety of retail stores, dining options, and outdoor activities, including 365 Whole Foods, Gelsons, the 3rd Street Promenade, and Lincoln Plaza, 2505 14th Street provides residents with a quintessential Santa Monica lifestyle

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 2
  • Living Area: 1,807 SqFt

Listing Office:

  • Office Name: Keller Williams Studio City
  • Office Phone: (818) 432-1500
  • Listing Agent: David Weinberger

Interior Features

Interior Information:

  • Appliances: Oven
  • Flooring Type: Tile, Vinyl, Wood
  • Interior: Beamed Ceilings
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Ocean

Parking Information:

  • Parking: Door-Multi, Driveway, Garage, Private, On Street

Virtual/3D Tour

  • 3D Tour: 2505 14th St

3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Santa Monica High School, Public District Grades 9-12
  • John Adams Middle School, Public District Grades 6-8
  • Will Rogers Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Cross Streets: Ocean Park Blvd & 14th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,748,755
  • Price Per SqFt: $968/SqFt

Tax Information:

  • Annual Amount: $18,797
  • 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

$1.7M

Med. Price/SqFt

$1,100

Avg. Days On Market

29

# of Sold Homes

50

2505 14th St vs Santa Monica

20 DAYS ON ROCKET

-9 Days

$1,748,755

-$41K Less

$968/SqFt

-$132 Less

KEY TAKEAWAY

This property is $41K less than the Median Sold Price and $132/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: #24378759

Listing Office:

  • Office Name: Keller Williams Studio City
  • Office Phone: (818) 432-1500
  • Listing Agent: David Weinberger

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: 5/2/2024, 5:25:17 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

Jul 26, 2017Home Sold
$1,462,500
Feb 16, 2006Home Sold
$1,155,000
Jun 27, 2005Home Sold
$940,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,797$1,537,348
2020$18,479$1,521,585
2019$17,347$1,491,750
2018$16,421$1,462,500
2017$16,421$1,360,001

History based on county public records data.

Payment Calculator

$8,795

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,309

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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.

Elementary School

school-card-donut-4558743
6
/10

  • Will Rogers Elementary School

  • 2401 14th St

  • 0.07 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4558744
7
/10

  • John Adams Middle School

  • 2425 16th St

  • 0.16 miles

  • Public District Grades 6-8

High School

school-card-donut-4558745
9
/10

  • Santa Monica High School

  • 601 Pico Blvd

  • 0.84 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,322. Residents of Santa Monica, CA typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2505 14th St

What is the listing price of this property?

The listing price of 2505 14th St property is $1,748,755.

What type of property is this?

The property 2505 14th St is a house located in Santa Monica, California, 90405.

Is this property for sale now?

Accepting Backup Offers: 2505 14th St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 2505 14th St are:
Will Rogers Elementary School: GreatSchools Rating 6/10
John Adams Middle School: GreatSchools Rating 7/10
Santa Monica High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,797 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 26, 2017 for $1,462,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2505 14th St has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2505 14th St is 1,807 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2505 14th St is 1940.

Rocket Homes›California›Los Angeles County›Santa Monica›90405›2505 14th St

This home is located at 2505 14th St in Santa Monica, CA and zip code 90405 in the Sunset Park neighborhood. This 1,807 square foot home, which was built in 1940, sits on a 0.15 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $1,748,755.

While more than 22 listings in Santa Monica, CA in April 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 21 were sold below. In April 2024 in Santa Monica, CA there were 24.5% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $1,789,833, while the average time on the real estate market was 29 days.

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

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