REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Takeshi Kida • Takeshi Kida
$ 2,395,000
Est. payment /mo
New
729 Cedar ST Santa Monica, CA 90405
5,995 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25201120
Year Built 1954
Lot Size 5,995 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Introducing a meticulously maintained investment opportunity in the heart of Santa Monica's sought-after Ocean Park neighborhood. Walkable distance from the beach and two blocks from the peaceful greenery of Joslyn Park, this solid asset offers exceptional value with a current CAP rate of 2.85%. Current expenses include a property management fee, $6,000 per year, so if the Buyer elects to self-manage the property and thereby eliminates management expenses, the potential CAP rate could increase to 3.1%, with a potential market CAP rate of 4.5% with market rents. Residents enjoy quick access to many everyday conveniences along Lincoln Boulevard, including Gelson's, Whole Foods Market, popular coffee shops, and a wide variety of restaurants, as well as the vibrant shops and dining of Abbot Kinney and Main Street. Santa Monica's excellent Transit Score of 75 and Bike Score of 72 make every destination within easy reach.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Heating Central Forced Air
Cooling None
Laundry Laundry Area
Exterior
Parking Features Garage
Garage Spaces 5.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 4287001013
Special Listing Condition Not Applicable
© 2025 MLSListings Inc. All rights reserved.
GET MORE INFORMATION
QUICK SEARCH