301 Ashland Avenue Santa Monica, CA ^$ 6,700,000

301 Ashland Avenue

^$ 6,700,000

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301 Ashland Avenue

Santa Monica, CA, 90405

^$ 6,700,000

Studio Baths0.0 Sq 7,424

Monthly Estimate*

^$ 46,802

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Studio

Multi-Family Home for sale in Santa Monica, CA

for $6,700,000. This 7,424 square foot home was built in 1960 on a lot size of 0.18.

We are pleased to offer for sale a nine-unit apartment community located at 301 Ashland Avenue. The subject property is located just three blocks from the beach, in an excellent Santa Monica location. Situated on a 7,727 square foot parcel, the property is comprised of five one-bedroom units and four two-bedroom units with spacious layouts and offers 16 parking spaces. The property has undergone a comprehensive renovation program to the exterior, common area and majority of the interior units. 78% of the units feature stainless steel kitchen appliances, in-unit washer/dryer, central heat/AC, new flooring, new countertops, new bathrooms, new lighting & more. Exterior renovations include new windows in all units, new landscaping, new smooth stucco, new electric meters/panel, new front doors & more. The continued growth of the surrounding submarket along with the high-quality interior & exterior renovations makes 301 Ashland Avenue an excellent investment opportunity poised for long term stability.

Multi-Family Active

Price

^$ 6,700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.18

Year Built

1960

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

0024358587

Features

General

Zoning SMOP2*

Year Built 1960

Levels Multi/Split Three or More

County Los Angeles

Net Operating Income 264595.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Santa Monica

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C14 - Santa Monica

Lot Size Square Feet 7727.0

Street Name Ashland

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type %

Exterior

Parking Features Uncovered Covered Carport

Lot Size Area 7727.0

Building Area Total 7424.0

Lot Size Acres 0.18

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 3

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Sean Rosenzweig

Listing Agent

Marcus & Millichap

Broker

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$46,802

Per Month

Monthly Principal & Interest: $46,802
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Monica, CA

Average List Price ^$3,845,992

Percent of Sale Price 43%

About Santa Monica, CA

92,541 Population

10% Since 2002

^$89,894 Median Income

42.46 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/6/2024	$6,700,000	-2.90%	Price Down
2/15/2024	$6,900,000		Listed Price

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301 Ashland Avenue, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $6,700,000 with 7,424 sqft and a lot size of 0.18. 301 Ashland Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 90405 which is in Santa Monica, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/6/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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301 Ashland Avenue

Multi-Family Home for sale in Santa Monica, CA

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