#24432961, Glenn Brander, Listing Office: Miller & Desatnik Realty Co.
#25477031·
Listing Office: Global Platinum Properties, Inc.·
Listing Agent: Armin Soleimani·
Listing Office Phone: 424-394-1030
2626 Cloverfield Blvd Santa Monica, CA 90405
$4,995,000 List price
11 beds
12 baths
5,948 sqft
0.1 acres
$840 / sqft
House
Property details
About 2626 Cloverfield Blvd
Huge 650k Price Reduction! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 6 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size5,948 sqft
Lot size0.1388 Acres
Year built1966
ParkingUncovered
MLS #25477031
Summary
- MLS Number: 25477031
- MLS Name: CRMLS
- Office Name: Global Platinum Properties, Inc.
- Office Phone: (424) 394-1030
- Listing Agent: Armin Soleimani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 5:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,995,000
2626 Cloverfield Blvd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 12, 2021 | Home Sold | $2,775,000 |
| Sep 29, 1989 | Home Sold | $665,000 |
| Dec 14, 1988 | Home Sold | $412,045 |
| Dec 14, 1988 | Home Sold | $550,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,889,470 | $35,045 |
| 2023 | $2,832,860 | $34,496 |
| 2022 | $2,777,360 | $34,043 |
| 2021 | $1,132,637 | $14,728 |
| 2020 | $1,118,689 | $14,481 |
| 2019 | $1,096,755 | $13,619 |
| 2018 | $1,075,251 | $13,510 |
| 2017 | $1,054,169 | $13,510 |
History based on county public records data.
Nearby schools
7
Grant Elementary School
Public District PK-5
0.2 mi
•2368 Pearl St
8
Edison Language Academy
Public District PK-5
0.6 mi
•2402 Virginia Ave
6
Will Rogers Learning Community
Public District KG-5
0.6 mi
•2401 14th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $72,943. Typical income of Santa Monica, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
30%
<35k
33%
35k-100k
29%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
59%
Single, No Kids
5%
Single, with Kids
22%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
6%
12-17 yrs old
25%
18-34 yrs old
45%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Music Concerts
Live Theatre
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2626 Cloverfield Blvd
This home is located at 2626 Cloverfield Blvd in Santa Monica, CA and zip code 90405 in the Sunset Park neighborhood. This 5,948 square foot home, which was built in 1966, sits on a 0.14 acre lot. Features: 11 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since January 6, 2025 and is currently priced at $4,995,000.
While more than 13 listings in Santa Monica, CA in January 2025 were sold above asking price, there were more than 6 listings sold at asking price, and more than 22 were sold below. The number of homes for sale in Santa Monica, CA increased by 43% between December and January 2025. Listings spent 55 days on the market in January 2025, and had a median list price of $1,816,750 during the same period.
From Rocket Homes Real Estate and based on county public records data.