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Philip Kang

[email protected] +1(714) 724-1841

$ 6,695,000

Est. payment -/mo

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301 Ashland AVE Santa Monica, CA 90405

13 Beds

11 Baths

7,424 SqFt

UPDATED:

09/30/2024 05:51 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,424 sqft

Price per Sqft $901

MLS Listing ID 24420295

Bedrooms 13

HOA Y/N No

Year Built 1960

Lot Size 7,727 Sqft

Acres 0.1774

Property 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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMOP2*

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Garage Attached Carport, Carport, Driveway, Garage, Off Site, Tandem, Uncovered

Parking Type Attached Carport, Carport, Driveway, Garage, Off Site, Tandem, Uncovered

Attached Garage Yes

Total Parking Spaces 15

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4287022017

Special Listing Condition Standard

Listed by Peter V Buonocore • Keller Williams Larchmont

Philip Kang

Agent | License ID: 01862860

+1(714) 724-1841

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Fullerton, CA

Philip Kang

Philip Kang

301 Ashland AVE Santa Monica, CA 90405

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301 Ashland AVE