710 Bay Street, Santa Monica, CA 90405
-
Listed Price :
$1,899,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1956
Property Description
Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry room furnishing extra monthly income. One unit (Unit B, a 1bd, 1ba) will be delivered vacant. The other two units are occupied with solid, but not full market value rents. Gross income with actual rents for the two occupied units and projected rent for the one vacant unit is appx. $116,364/yr (including laundry income). Current operating expenses approx. $7,931/yr (excluding taxes and mortgage). Bonus: Santa Monica triplexes can be exempted from Santa Monica rent control if one unit is owner occupied (buyer to verify with City). A perfect opportunity for an owner who wants to offset the mortgage, or an investor looking for a foothold in a high rent/high quality tenant area of Santa Monica.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Wood |
| Interior Information |
| Features |
Ceiling Fan(s), Recessed Lighting |
Listing Information
| Address |
710 Bay Street |
| City |
Santa Monica |
| State |
CA |
| Zip |
90405 |
| County |
Los Angeles |
| Listing Agent |
David Tamburo DRE #01941447 |
| Courtesy Of |
Rodeo Realty |
| List Price |
$1,899,000 |
| Status |
Hidden |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
4,473 |
| Year Built |
1956 |
Listing information courtesy of: David Tamburo, Rodeo Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 30th, 2024 at 5:09 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
