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    410 California Avenue

    Santa Monica, CA 90403
    • $2,599,000
    • STATUS: Active Under Contract
    • ON SITE: 209 days
    • ID#: SB20043826
    Under Contract
    UPDATED: 49 min ago
    $2,599,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,151
      SQFT
    • $626
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    410 California Ave is a 7-unit apartment building located in the heart of Santa Monica, CA. The 4,151 SF building was built in 1951 and sits on a 5,015 SF lot. This property boasts a unit mix of five (5) 1bedroom 1-bathroom units and (2) studio units. All units are approximately ~700 SF (buyer to verify) and are in well-kept original condition. This stunning property contains five (5) onsite parking spaces and a laundry room, both of which are highly sought after in this location. With unbeatable proximity to the famous Santa Monica Pier, shops and restaurants at Third Street Promenade, and the Pacific Ocean +GG coupled with great upside in market rent potential, this is a trophy asset and turnkey investment opportunity! One unit will be delivered vacant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T20:33:16.653. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

    www.sonyathebroker.com/homes/103680021
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    410 California Avenue Santa Monica, CA 90403

    • Price: $2,599,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • ID#: SB20043826
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,151
    SQFT
    $626
    $/SQFT
    1951
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    410 California Ave is a 7-unit apartment building located in the heart of Santa Monica, CA. The 4,151 SF building was built in 1951 and sits on a 5,015 SF lot. This property boasts a unit mix of five (5) 1bedroom 1-bathroom units and (2) studio units. All units are approximately ~700 SF (buyer to verify) and are in well-kept original condition. This stunning property contains five (5) onsite parking spaces and a laundry room, both of which are highly sought after in this location. With unbeatable proximity to the famous Santa Monica Pier, shops and restaurants at Third Street Promenade, and the Pacific Ocean +GG coupled with great upside in market rent potential, this is a trophy asset and turnkey investment opportunity! One unit will be delivered vacant.
    Exterior Features

    Garage Spaces 4.00 Lot Features Paved Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 625.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 142332.00 Gross Scheduled Income 129444.00 Insurance Expense 1755.00 Land Lease YN No Laundry YN Yes Net Operating Income 88246.00 New Construction YN No New Taxes Expense 34375.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 48047.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 48047.00 Trash Expense 400.00 Water Sewer Expense 336.00 Water Source Public Year Built Source Assessor Zoning Smr3*

    Listing provided courtesy of Austin Zahn of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T20:33:16.653. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

     
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