$1,899,000
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710 Bay Street Santa Monica, CA 90405
Cluster
Residence
4
Beds
3
Baths
...
Bed/Bath
2,073
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 ar...ea 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.
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MLS#
24407155
Property Type
Cluster
Bedrooms
4
Bathrooms
Year Built
1956
Square Feet
2,073
sq. ft
Lot Size
0.1
Stories
1.0
Sewer
Other
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