Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
No similar rental properties found nearby.
No similar price properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Santa Monica at 2960 Neilson Way UNIT 401, Santa Monica, CA, 90405 projects strong ROI of 4.21%. Rental yield 2.74%. With 5% annual appreciation, the property builds $827,463 in value over five years. Equity growth combined delivers a projected five-year ROI of 19.15%, translating into $185,797 in total cumulative return on $970,380 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 1980
3.08 Acres lot
$N/A/sqft
$1,260 monthly HOA
Neighborhood data shown for ZIP Code: 90405, Santa Monica, CA area.
| 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 |
Residential
15,252
Single Family
6,537
Multi-Family
8,715
Businesses
1,432
Date | Event | Price |
|---|---|---|
| 2023-01-10 | Listed for sale | $2,995,000 |
| 2022-11-18 | Listing removed | N/A |
| 2022-10-12 | Price change | $8,450 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $23946.64 | 1.63% | $2,019,058 | 2.00% |
| 2023-02-12 | $23562.39 | 1.24% | $1,979,469 | 2.00% |
| 2022-02-12 | $23273.22 | 2.48% | $1,940,657 | 2.00% |
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Jade Mills • Coldwell Banker Realty
Mls Name: CLAW
Mls Provider:
Mls ID: #23-231185
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-02-12 09:47:33 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
