Thank you
Jonathan Taksa
Remax Commercial and Investment Realty
213-817-1000
INCREDIBLE 5.23 CAP AND 13.43 GIM WITH UPSIDE NEAR THE BEACH!!! One of the BEST priced properties in Santa Monica!! We are pleased to offer for sale an incredible multifamily asset located at 443 Bay Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1971, the building boasts an ideal unit mix consisting of very large 2 & 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a brand new roof, as well as an on-site laundry facility. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 1-bath units, and (3) 2-bed, 1-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units) and central HVAC (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to the beach and Main Street, this property is situated close to all SantaMonica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 443 Bay Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.
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Total Bedrooms : 13
Total Baths: 8
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator
Central Air,Wall/Window Unit(s)
Air Conditioning
Central,Wall Furnace
Has Heating
Year Built: 1971
Building Area Total: 5,532
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.132
Lot Size Source: Assessor
Lot Size Square Feet: 5752
Original List Price: 2,875,000
Listing Contract Date: 2023-11-20
Listing Agreement: Seller Reserved
Parcel Number: 4289011027
Garage Description: Attached Carport,Assigned
Attached Garage: Yes
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Postal Code Plus 4: 1128
Directions: Just South of Pico Blvd., walking distance to Main Street and the beach
Zoning: SMOP2*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 53
Year Built Source: Assessor
Total Square Feet Living: 5532
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Land, Santa Monica, CA,90405 | $2,250,000 | -- | -- | -- | 5865 Sqft |
2960 Neilson Way #401, Santa Monica, CA,90405 | $2,995,000 | 2 | 2 | 1,290 | 134111 Sqft |
619 Pacific Street, Santa Monica, CA,90405 | $2,250,000 | 2 | -- | 704 | 7451 Sqft |
130 Ocean Park Boulevar.., Santa Monica, CA,90405 | $2,595,000 | 2 | 2 | 1,425 | 196170 Sqft |
2960 Neilson Way #402, Santa Monica, CA,90405 | $2,295,000 | 1 | 1 | 1,168 | 134111 Sqft |
2403 Centinela Avenue, Santa Monica, CA,90405 | $3,990,000 | 11 | -- | 5,337 | 18027 Sqft |
118 Strand Street, Santa Monica, CA,90405 | $4,999,999 | 1 | 1 | 740 | 5930 Sqft |
1513 Bay Street, Santa Monica, CA,90405 | $1,999,000 | 3 | 1 | 1,188 | 6595 Sqft |
1413 Ocean Park Bouleva.., Santa Monica, CA,90405 | $1,249,900 | 3 | 2 | 1,408 | 6439 Sqft |
2436 20th Street, Santa Monica, CA,90405 | $1,899,000 | 3 | -- | 1,691 | 7164 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 11:07
MLS: 23333469
LISTED BY: Jonathan Taksa, Remax Commercial and Investment Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.