710 Bay Street, Santa Monica, CA 90405 (MLS # 24380145)
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.
Property Type(s):
Residential Income
Last Updated
|
4/16/2024
|
Year Built
|
1956
|
Community
|
Santa Monica
|
Garage Spaces
|
2.0
|
County
|
Los Angeles
|
SCHOOLS
School District |
Santa Monica-Malibu Unified |
Additional Details
APPLIANCES |
Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Vented Exhaust Fan, Washer |
AREA |
Santa Monica |
BUYER'S BROKERAGE COMPENSATION |
2.500 % |
CONSTRUCTION |
Stucco |
GARAGE |
Assigned, Attached Carport, Driveway, Garage, Yes |
HEAT |
Wall Furnace |
INTERIOR |
Ceiling Fan(s), Recessed Lighting |
LOT |
4473 sq ft |
LOT DESCRIPTION |
Yard |
PARKING |
Attached Carport,Assigned,Driveway,Garage |
POOL DESCRIPTION |
None |
SEWER |
Other |
STORIES |
1 |
STYLE |
Traditional |
VIEW DESCRIPTION |
None |
ZONING |
SMOP2* |
Location
Listed with Rodeo Realty
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