Active
710 Bay St
Santa Monica CA, 90405
$2,099,000
$1,012.54 per sqft
Active
4 Beds
2,073 sqft
Residential
Built in 1956
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 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.
24-380145
MLSⓇ ID
April 16, 2024
Listed
April 24, 2024
Updated
Map
710 Bay St
Santa Monica CA, 90405
Interior Features
Total Stories
1
Bedrooms
4 Beds
Interior Features
Recessed Lighting
Appliances
Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator, Range/Oven, Vented Exhaust Fan, Ceiling Fan
Laundry Description
Community, Room
Floor Description
Hardwood
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Ceiling Fan, Wall Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Curbs, Sidewalks, Yard, Lot-Level/Flat
Architectual Style
Traditional
Roof
Composition, Shingle
Sewer
In Street
School Information
School District
Santa Monica-Malibu Unified School District
Other Property Details
Area Name
Santa Monica
Days on Market
8
Garage
Yes
Garage Spaces
2
Parking
Assigned, Carport Attached, Driveway, Garage
Parking Total
6
View
No
View Description
None
County
Los Angeles
Water Source
In Street
Pool
No
Pool Features
None
Zoning
SMOP2*
Listed by Tregg Rustad with Rodeo Realty
Listing Contact: 310-724-7100
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor CalNative Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/24/2024