710 Bay Street, Santa Monica, CA 90405 (MLS # 24380145)

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PRICE $2,099,000 dsIDX morgage calculator
BEDS 4
BATHS 3
HOME SIZE 2,073 sqft
LOT SIZE 4,474 sqft
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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.

DAYS ON MARKET 16 LAST UPDATED 4/16/2024
YEAR BUILT 1956 COMMUNITY Santa Monica
GARAGE SPACES 2.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income

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*
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Rodeo Realty

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