3011/2 Ashland,  Santa Monica CA, 90405 (Residential Income)

7,424 sqft
Status: Active
MLS#: 16130932
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Last Updated: 12/5/2016 6:29 PM
Description for 3011/2 Ashland Santa Monica, CA 90405
OCEAN VIEW SANTA MONICA BEACH!!! Amazing Santa Monica Location 3 Blocks from world famous Santa Monica Beach and just one block from the gorgeous shops and restaurants on Main Street in Santa Monica. Fantastic unit mix and excellent parking. Ocean Views from some units! The previous owner did not raise rents for over 50 years!!! Over 600% upside in rents at projected market rents. Rents are at approximately 17% of market or 83% below market. The units are subject to Rent Control but rents can be raised to market when a unit becomes vacant. See private remarks and attached brochures.
Price
$3,345,000
Los Angeles
7,424 (approx)
16130932
Active
Description
OCEAN VIEW SANTA MONICA BEACH!!! Amazing Santa Monica Location 3 Blocks from world famous Santa Monica Beach and just one block from the gorgeous shops and restaurants on Main Street in Santa Monica. Fantastic unit mix and excellent parking. Ocean Views from some units! The previous owner did not raise rents for over 50 years!!! Over 600% upside in rents at projected market rents. Rents are at approximately 17% of market or 83% below market. The units are subject to Rent Control but rents can be raised to market when a unit becomes vacant. See private remarks and attached brochures.
Listing Information
Property Type: Cluster, Other
0.17 Acres 772,700 sq.ft. 7,424 (approx)
$450.57 1960
9 Total
Neighborhood
Room Information
Interior Features
None
Exterior / Lot Features
13 Parking Spaces, Attached Carport
SMOP2*
Driving Directions
1 Block north of Main Street. 3 Blocks from Santa Monica Beach
Financial Considerations
4287022017
,$70,000
Listing Price History

Santa Monica Real Estate

Santa Monica is located in California. Santa Monica, California 90405 has a population of 90,008.

The median household income in Santa Monica, California 90405 is $72,271. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Santa Monica 90405 is 40.2 years.

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Courtesy: Matthew Bradley Mandel Matthew Mandel
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Information is deemed reliable but is not guaranteed.

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