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301 Ashland Avenue

Santa Monica, CA 90405
  • $6,695,000
  • STATUS: Active
  • ON SITE: 105 Days
  • ID#: 24420295
UPDATED: 54 min ago
$6,695,000
  • 13
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,424
    SQFT
  • $902
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Peter V Buonocore of Keller Williams Larchmont (323-762-2600) and Lane Aronson of Berkshire Hathaway HomeServices California Properties(626-440-5100)


Description

ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T09:28:06.227. 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 CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/153078899
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301 Ashland Avenue Santa Monica, CA 90405

  • Price: $6,695,000
  • Status: Active
  • On Site: 105 Days
  • Updated: 54 min ago
  • ID#: 24420295
13
Beds
0
Baths
0
½ Baths
0.18
Acres
7,424
SQFT
$902
$/SQFT
1960
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.
Exterior Features

Attached Garage YN Yes Carport YN Yes Parking Features Attached CarportCarportDrivewayGarageOff SiteTandemUncovered Parking Total 15

Interior Features

Appliances DishwasherRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 3.95 Garage YN Yes Gross Income 394752 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 264631 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning SMOP2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T09:28:06.227. 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 CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Peter V Buonocore of Keller Williams Larchmont (323-762-2600) and Lane Aronson of Berkshire Hathaway HomeServices California Properties(626-440-5100)