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    508 Bay St

    Santa Monica, CA 90405
    • $2,599,900
    • STATUS: Active
    • ON SITE: 25 days
    • ID#: 20-627802
    UPDATED: 22 min ago
    $2,599,900
    • 6
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,249
      SQFT
    • $800
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:
    Area:

    School Ratings & Info

    Description

    4 unit value-add apartment building located in the heart of Santa Monica's Ocean Park neighborhood, long considered one of the most desirable and sought-after in all of Southern California. Property has a Walk Score of 94 and is located just 5 blocks from the beach and 3 blocks to bars, restaurants, cafes and retail of Santa Monica's hip Main Street. Other area attractions include the Santa Monica Pier, Third Street Promenade, Venice Beach Boardwalk and Abbot Kinney. Held by the same family for several generations. The property is made up of two (2) structures: a one-bedroom / one-bathroom detached front house and three (3) two-bedroom/one-bathroom apartment units located in the rear of the property. Units feature washer/dryer hookups. One of the two-bedroom/one-bathroom units will be delivered vacant thirty (30) days from the close of escrow. The total building square footage of the property is 3,249 square feet which sits on a 5,918 square foot lot that is SMOP2* zoned.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-29T16:42:48.893. 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.
    www.randyplaice.com/homes/109674427
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    508 Bay St Santa Monica, CA 90405

    • Price: $2,599,900
    • Status: Active
    • Updated: 22 min ago
    • ID#: 20-627802
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,249
    SQFT
    $800
    $/SQFT
    1911
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    4 unit value-add apartment building located in the heart of Santa Monica's Ocean Park neighborhood, long considered one of the most desirable and sought-after in all of Southern California. Property has a Walk Score of 94 and is located just 5 blocks from the beach and 3 blocks to bars, restaurants, cafes and retail of Santa Monica's hip Main Street. Other area attractions include the Santa Monica Pier, Third Street Promenade, Venice Beach Boardwalk and Abbot Kinney. Held by the same family for several generations. The property is made up of two (2) structures: a one-bedroom / one-bathroom detached front house and three (3) two-bedroom/one-bathroom apartment units located in the rear of the property. Units feature washer/dryer hookups. One of the two-bedroom/one-bathroom units will be delivered vacant thirty (30) days from the close of escrow. The total building square footage of the property is 3,249 square feet which sits on a 5,918 square foot lot that is SMOP2* zoned.
    Exterior Features

    Lot Size Area 5918 Other Structures None Parking Garage Covered ParkingOn Street Style Bungalow Total Parking 4 View Description None View YN No

    Interior Features

    Baths Total 4.00 Cooling None Equipment None Flooring Mixed Heating Wall

    Property Features

    Assessed Total Value 675262 Gross Income 89616 Gross Operating Income 89616 Like Units1 1 Like Units2 3 Net Operating Income 46251.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 40677 Type Of Units House & Apts Year Built Source Assessor Zoning Smop2*

    Listing provided courtesy of Benjamin S. Lee DRE#01808926 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-29T16:42:48.893. 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.
     
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    Valencia CA, 91355