710 Bay St
Santa Monica,
CA
90405
Property Details
List Price: |
$1,999,000 |
Beds: |
4 |
Baths: |
-- |
Status: |
Active |
SqFt: |
2073 |
Agency: |
Rodeo Realty |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1956 |
Notes: |
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. |
MlsNumber: |
24-380145 |
Estimate Your Monthly Payment
Listing Provided By: |
Rodeo Realty, original listing |
Name: |
Rodeo Realty |
Phone: |
(310) 471-2600 |
Office Name: |
Rodeo Realty |
Office Phone: |
(310) 724-7100 |
Agent Name: |
Tregg Rustad |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |