301 Ashland Avenue , Santa Monica, CA 90405
Santa Monica, CA 90405
Description
ASSUMABLE FINANCING of approximately $3,800,000 @ 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 two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.
Details
| Mls | 24420295 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 134 |
| Listing Provided By | Keller Williams Larchmont 323-762-2600 | Peter V Buonocore |
Features
| Beds | 13 |
|---|---|
| Baths | 11 |
| Sq Feet | 7,424 |
| Car Port | Yes |
| Storys | 3 |
| Units | 9 |
| Buildings | 1 |
| Zoning | SMOP2* |
| Acreage | 0.18 |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90405 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90405) | |
Price: $6,695,000 low | high Med: $3,975,000 SqFt: 7,424 low | high Med: 6,160 $ / SqFt: $902 low | high Med: $645 On Site: 134 low | high Med: 114.500000 | |