2116 3rd St, Santa Monica, CA, 90405 | Equity Gain $35,491/yr

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Santa Monica at 2116 3rd St, Santa Monica, CA, 90405 projects strong ROI of 0.2%. Rental yield 0.89%. With 5% annual appreciation, the property builds $1,519,549 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Multi Family

Built in 1901

9,008 sqft lot

$N/A/sqft

No 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