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$ 6,695,000
Est. payment /mo
Active
301 Ashland AVE Santa Monica, CA 90405
13 Beds
11 Baths
7,424 SqFt
UPDATED:
01/25/2025 12:17 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,424 sqft
Price per Sqft $901
MLS Listing ID 24420295
Bedrooms 13
HOA Y/N No
Year Built 1960
Lot Size 7,727 Sqft
Property Description
ASSUMABLE FINANCING of approximately $3,550,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are one long-time tenant paying a miniscule of their market-value. Unit #2 with previous low paying tenant has just been vacated and is now vacant. Will need updating. Current ownership has NOT offered these the other low paying tenant cash for keys. 16 off-street parking spaces.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Parking Features Attached Carport, Carport, Driveway, Garage, Off Site, Tandem, Uncovered
Attached Garage Yes
Total Parking Spaces 15
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4287022017
Special Listing Condition Standard
Listed by Peter V Buonocore • Keller Williams Larchmont