$2,099,000
710 Bay Street, Santa Monica 90405
4
Beds
3
Baths
2,073
Square feet
4,473
Lot Size
3
# Of Units
Listing Agent
Tregg Rustad - Rodeo RealtyPride-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.
Facts & Features
MLS® # | 24380145 |
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Price | $2,099,000 |
Bedrooms | 4 |
Bathrooms | 3.00 |
Square Footage | 2,073 |
Lot Size | 4,473 |
Year Built | 1956 |
Type | Residential Income |
Style | Traditional |
Status | Active |
# Of Units | 3 |
Community Information
Address | 710 Bay Street |
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Area | C14 - Santa Monica |
City | Santa Monica |
County | Los Angeles |
Zip Code | 90405 |
Amenities
Parking Spaces | 6 |
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Parking | Attached Carport, Assigned, Driveway, Garage |
# of Garages | 2 |
Garages | Attached Carport, Assigned, Driveway, Garage |
View | None |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Interior | Wood |
---|---|
Interior Features | Ceiling Fan(s), Recessed Lighting |
Appliances | Dishwasher, Disposal, Gas Range, Refrigerator, Vented Exhaust Fan, Dryer, Washer |
Heating | Wall Furnace |
Has Basement | No |
Fireplace | No |
Fireplaces | None |
# of Stories | 1 |
Stories | One |
Exterior
Exterior | Stucco |
---|---|
Lot Description | Yard |
Windows | Drapes |
Roof | Composition, Shingle |
Construction | Stucco |
Foundation | Raised |
School Information
District | Santa Monica-Malibu Unified |
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Additional Information
Date Listed | April 16th, 2024 |
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Days on Market | 18 |
Zoning | SMOP2* |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Tregg Rustad |
---|---|
Office | Rodeo Realty |