$2,875,000
443 Bay Street, Santa Monica 90405
7
Beds
4
Baths
5,532
Square feet
5,752
Lot Size
6
# Of Units
Listing Agent
Jonathan Taksa - Remax Commercial and Investment RealtyINCREDIBLE 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.
Facts & Features
MLS® # | 23333469 |
---|---|
Price | $2,875,000 |
Bedrooms | 7 |
Bathrooms | 4.00 |
Square Footage | 5,532 |
Lot Size | 5,752 |
Year Built | 1971 |
Type | Residential Income |
Status | Active |
# Of Units | 6 |
Community Information
Address | 443 Bay Street |
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Area | C14 - Santa Monica |
City | Santa Monica |
County | Los Angeles |
Zip Code | 90405 |
Amenities
Parking Spaces | 10 |
---|---|
Parking | Assigned, Attached Carport |
Garages | Assigned, Attached Carport |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Dishwasher, Disposal, Microwave, Refrigerator |
---|---|
Heating | Central, Wall Furnace |
Cooling | Central Air, Wall/Window Unit(s) |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Multi/Split |
Additional Information
Date Listed | November 20th, 2023 |
---|---|
Days on Market | 135 |
Zoning | SMOP2* |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jonathan Taksa |
---|---|
Office | Remax Commercial and Investment Realty |