Commercial > Multi-family / Apartments
Active
03/19/2024
List Price
$7,995,000$550/ft²
937 2nd St
Santa Monica, CA 90403
- 22Beds
- 10Baths
- 14,544ft²Living Area
- 7,518ft²Lot Size
- -Pool
- 16Car
- 1955Year Built
- 104DOM
- 12Permits
937 2nd St, Santa Monica, CA 90403 is a 22 bed, 10 bath, 14,544 ft² multi-family/apartments property built in 1955 on a 0.173 acre lot with 12 construction permits. This multi-family/apartments is currently on the market for $7,995,000, and it was last sold in 2015 for $8,350,083.
MLS Description
The listing agent's description. Original Listing
Incredible opportunity. HUGE $1,200,000 REDUCTION FROM ORIGINAL LIST PRICE!!! Bring all offers! We are pleased to offer for sale rare multifamily assets at 937 & 943 2nd Street in the coveted beachside community of Santa Monica. These side by side properties each have their own APN and share a beautiful stone paved courtyard. The properties boasts a great unit mix of 1 & 2 bedrooms, all with significant rental upside. Just a block to Montana Avenue and a block to the beach, these properties truly reflect the Santa Monica beachside vibe.937 & 943 2nd Street puts residents in the center of everything Santa Monica has to offer. Additionally, the property has on-site parking, an on-site laundry room (machines owned by Seller) and lushly landscaped grounds.
Listing Agents
The listing agent for 937 2nd St is Jonathan Taksa.
JT
Jonathan Taksa
Remax Commercial and Investment Realty
Phone: (310) 802-2500
Permits
937 2nd St has 12 permit records of total value of $112,400.
Permit History
12
Permits
$112,400
Total Permit Value
September 8, 2019
Project Name: Unit 8Description: Unit 8 remove & replace existing cabinets countertops tub toilet tile in shower/tub. New washer & dryer.Job Value: $5,500Status: expiredType: Residential building permitSub Type: Building comboFees: $1,304Effective Date: 2019-09-08Permit Number: 19BLD-0639
December 8, 2018
Project Name: Premium Properties #6Description: 937 2nd st - seismic retrofit per smmc 8.72 using special cantilever columns at front and rear of buildingJob Value: $65,000Status: expiredType: Residential building permitSub Type: Seismic retrofit-2017Fees: $3,895Effective Date: 2018-12-08Permit Number: 17BLD-5380
September 2, 2015
Project Name: 937 2nd ST. Unit 1Description: Unit 1-new washer/dryer hook ups & circuit new electric wall heater & circuit new duct/drains and water linesJob Value: $6,500Status: expiredType: Residential building permitSub Type: Building comboFees: $599Effective Date: 2015-09-02Permit Number: 15BLD-3462
April 2, 2015
Description: 937 2nd StreetStatus: ExpiredType: Residential Building ReportFees: $261Effective Date: 2015-04-02Permit Number: 15RB-0204
March 17, 2015
Project Name: Earthquake Shut Off ValvesDescription: 11 gas shut off valvesJob Value: $400Status: finalType: Residential building permitSub Type: plumbingFees: $275Effective Date: 2015-03-17Permit Number: 15BLD-0994
December 9, 2014
Description: RBR- 937-943 2nd St. RBRStatus: ReceivedType: Residential Building ReportFees: $261Effective Date: 2014-12-09Permit Number: 14RB-5029
December 9, 2014
Description: RBR- 937-943 2nd St. RBRStatus: ReceivedType: Residential Building ReportFees: $261Effective Date: 2014-12-09Permit Number: 14RB-5030
October 10, 2012
Project Name: Install 59 Retro Fit Vinyl Windows and 12 Fiberglass DoorsDescription: Install 59 retro fit vinyl windows and 12 fiberglass doorsJob Value: $20,000Status: finalType: Commercial building permit; Stp windows: windowsBusiness Name: American Vision Windows IncApplicant: Ruta Gardens Apartments LLCFees: $225Effective Date: 2012-10-10Permit Number: 12STP1892
June 26, 1998
Project Name: 0937 02 St; Soft Story Soft Story RetrofitDescription: 0937 02 st; soft story soft story retrofitJob Value: $7,500Status: finalType: Building historic; Eqord alterSub Type: Seismic retrofit smmc 8.68; Business Name: MatrixApplicant: Gus SinkeyFees: $274Effective Date: 1998-06-26Permit Number: ORD-0508
June 26, 1998
Project Name: 0937 02 St; Soft Story Soft Story RetrofitDescription: 0937 02 st; soft story soft story retrofitJob Value: $7,500Status: completeType: Building historicEffective Date: 1998-06-26Permit Number: EQPC0563
May 22, 1995
Project Name: 0937-943 2nd St;see Ord-0509 & Ord-0508; Apartment BuildingDescription: 0937-943 2nd st;see ord-0509 & ord-0508; apartment buildingStatus: finalType: Building historicSub Type: Soft structure buildingEffective Date: 1995-05-22Permit Number: SB-1033
February 10, 1994
Project Name: 937 2 St;ord-0508 & 0509 ResidentialDescription: 937 2 st;ord-0508 & 0509 residentialStatus: finalType: Building historicEffective Date: 1994-02-10Permit Number: DA-3243
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$57,745.15From latest Total Assessed Value1.2%Total Assessed Value$4,823,494=Land+
Assessed Value$3,378,901Additions
Assessed Value$1,444,593
In 2023, taxes billed for 937 2nd St were $57,745.15, which is 1.20% from latest Total Assessed Value of $4,823,494.
Property History
937 2nd St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 937 2nd St
Hazard Risks
Earthquake417Carb Mono154Air Pollution113Ozone109Particulates107Lead101Nat'l Avg100Tornado63Weather24Hurricane7Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 937 2nd St.
Walkability Index
13 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
937 2nd St has a walkability score of 13 out of 20, which means that it is in a somewhat walkable area.
Noise Level
55 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 937 2nd St is around 55dBs, which is comparable to a Urban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
47°F
High
66°F
Summer
Average
Low
61°F
High
73°F
In the winter at 937 2nd St, temperatures range from 47.16°F to 66.38°F with an average of 56.77°F. In the summer, the temperature ranges from 60.76°F to 72.99°F with and average of 66.88°F.
School Information
Public/private schools serving 937 2nd St
Public Schools
Roosevelt Elementary School
Grades: KG-5
0.54 mi
A-
Santa Monica High School
Grades: 9-12
1.23 mi
A
Lincoln Middle School
Grades: 6-8
0.98 mi
A
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 937 2nd St have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in 937 943 2nd Street, Santa Monica, CA 90403.
Seasonal Housing units 90403
17%of housing is for seasonal rent.
Daytime Population for 90403
+19%of people during work hours.
Boundary map of 937-943 2nd Street.
Crime Index for 90403
161
161
The crime index in 90403 is 161, which is 1.6 times higher than national average.
Market Trends
Historical market data near 937 2nd St over selected time period.
Nearby Properties on 2nd St
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