2626 Cloverfield Blvd
Santa Monica, CA 90405
11 Beds
12 Baths
5,948 Sq Ft
38 Days on Market
For Sale $4,995,000
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Courtesy of Global Platinum Properties, Inc.

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Huge 650k Price Reduction & Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.

MLS# 24464145 • Data provided by CRMLS
Additional home details
Living Area5,948 Sq.Ft.
Lot Size6,046 Sq.Ft.
Total Rooms--
Bedrooms11
Bathrooms12
Stories2
Year Built1966
Property TypeMultifamily
ZoningSMR3*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$35,046
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$4,872,763
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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HouseCanary, Inc. Brokerage

2626 Cloverfield Blvd., Santa Monica, CA 90405

Multifamily
11 Beds
12 Baths
5,948 Sq Ft
38 Days on Market

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Huge 650k Price Reduction & Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.

MLS# 24464145 • Data provided by CRMLS
Additional home details
Living Area5,948 Sq.Ft.
Lot Size6,046 Sq.Ft.
Total Rooms--
Bedrooms11
Bathrooms12
Stories2
Year Built1966
Property TypeMultifamily
ZoningSMR3*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$35,046
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $4,995,000
Request tour
Save
Courtesy of Global Platinum Properties, Inc.
2626 Cloverfield Blvd
Santa Monica, CA 90405
11 Beds
12 Baths
5,948 Sq Ft
38 Days on Market

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Huge 650k Price Reduction & Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.

MLS# 24464145 • Data provided by CRMLS
Additional home details
Living Area5,948 Sq.Ft.
Lot Size6,046 Sq.Ft.
Total Rooms--
Bedrooms11
Bathrooms12
Stories2
Year Built1966
Property TypeMultifamily
ZoningSMR3*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$35,046
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$4,872,763
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $4,995,000
Request tour
Save
Courtesy of Global Platinum Properties, Inc.