2115 3rd St UNIT 204Santa MonicaCA90405
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Santa Monica at 2115 3rd St UNIT 204, Santa Monica, CA, 90405 offers a 7.03% rental yield on a $1,449,000 purchase with $8,491/mo rent. 51% in year one. Equity gained on principal adds $9,350/yr while 5% annual appreciation supports $400,332 over five years. Portfolio math shows five-year ROI at 80.45% and total cumulative return in cash at $377,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,491/mo property income against a $7,092/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
0.62 Acres lot
$N/A/sqft
$1,079 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90405, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,200 (100%) |
| Owner Occupied HU | 4,571 (30.1%) |
| Renter Occupied HU | 9,417 (62.0%) |
| Vacant Housing Units | 1,212 ( 8.0%) |
| Median Home Value | $1,782,468 |
| Average Home Value | $1,716,955 |
Housing Distribution
Address Breakdown
Residential
15,252
Single Family
6,537
Multi-Family
8,715
Businesses
1,432
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Listed by: Brian Maser • The Condo Experts (formerly Maser Condo Sales)
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