3017 4th
Santa Monica, CA, 90405
$2,450,000
MLS: SB26062867
Beds
7
Baths
5
Sq Ft
3,379
Lot
0.17 ac
Year Built
1953
MLS #
SB26062867
Days on Market
7
Listed
Mar 23, 2026
Description
3017 4th Street presents a well-located 4-unit multifamily investment opportunity in the highly sought-after Ocean Park neighborhood of Santa Monica. Situated on a 7,512 SF lot, the property offers approximately 3,379 SF of rentable space and features a desirable unit mix consisting of (1) 3-Bed/2-Bath Townhome, (1) 2-Bed/1-Bath, and (2) 1-Bed/1-Bath units. The rear unit is a spacious 2-story townhome that includes a private backyard patio, providing a highly desirable living environment and strong tenant appeal. The property also offers immediate upside allowing an investor to achieve market rents or an owner-user to occupy a unit while generating income from the remaining units. With solid in-place income and clear rental upside, the property operates at a 4.91% CAP rate with the potential to reach a 6.25% pro forma CAP. Located just blocks from the beach and within close proximity to Main Street and Rose Avenue, 3017 4th Street benefits from strong rental demand in one of the most supply-constrained coastal submarkets in Los Angeles, making it an attractive opportunity for both investors and owner-users.
Location
Santa Monica, Los Angeles County, CA 90405
Open on Google Maps ↗Listed by: Brett Lyon · Lyon Stahl Investment Real Estate, Inc.
Payment estimate
$17,319
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $245,000 · Loan: $2,205,000
- Principal & Interest
- $13,548
- Property tax (1.25%)
- $2,552
- Homeowners insurance
- $300
- Mortgage insurance
- $919
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $85,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Santa Monica, CA 90405 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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