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Closed
- Listed price
- $4,450,000
- Listed Aug 31, 2020
- Sold price
- $4,100,000
- Sold Oct 13, 2020
8,875 sqft lot|1959 Built|22 MLS days on market
2683 34Th St, Santa Monica, CA 90405
Property Description
Marcus & Millichap is pleased to present these 12 units located at 2683 34th Street, in Santa Monica, California. Built in 1959, the asset sits on 8,874 square feet of land with 6,208 square feet of rentable area and consists of (6) Studio / 1-Bath Units and (6) 1-Bed / 1-Bath Units. This value add opportunity allows an investor to capitalize on over 28% rental upside potential, while still getting in at a great day-1 CAP rate of 4.38%. Another excellent opportunity to add value would be to build ADUs on this lot. With the new, relaxed ADU laws passed last year, adding ADUs to this building would be quicker and easier than ever before. Both the garages in the front and in the back of the lot present the ideal location for the ADUs to be cheaply built on top of the garages.The property boasts a very good amount of parking for the tenants, and this parking also brings in $14,400 of extra income each year. In total, there are 10 garage parking spaces for these 12 units.
Listing agent: Filip NiculeteDRE #01905352info@laaa.com, Listing office: Marcus & Millichap
MLS data updated 11/3/2026, 12:59:10 AM PT
Source: CRMLSMLS #: 20626408
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$4,100,000
Oct 13, 2020
Available records32020
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90405 · Nov 2026
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ZIP 90405 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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