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522 Idaho Avenue
Santa Monica, CA 90403
Sold
522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica.. Located in the highly desirable, Wilshire/Montana neighborhood, the subject property is just one block south of Montana Avenue & only five blocks from Ocean Avenue. The majority of the units are leased at below market rents, providing an investor the opportunity to capture 35% rental upside as units turn. 522-532 Idaho Ave is situated on the corner of a quiet, tree-lined street. The property is separately metered for electric and will be delivered with one vacancy.Santa Monica is one of the most sought-after rental markets in all of Los Angeles. Located just below Brentwood, this booming area is home to young professionals and families alike. Companies such as Activision Blizzard, Universal Music Group, Snap, and Lionsgate attract top talent to this neighborhood.. Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views.
PROPERTY INFORMATION
| MLS # | 23269600 | Lot Size | 7,480 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,450,000
Price Per SqFt: $ 729 |
DOM | 799 Days |
| Address | 522 Idaho Avenue | Type | Residential Income |
| City | Santa Monica | Sq.Ft. | 3,360 Sq. Ft. |
| Postal Code | 90403 | Garage | N/A |
| County | Los Angeles | Year Built | 1922 |
| Bed / Bath | 6 / 0 | Parking | N/A |
| Built In | 1922 | Status | Closed |
| Sold Date | 2023-12-01 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Natural Gas |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 84 (Very Walkable)
Transit Score: 65 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,613
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/11/2023 | Listed | $2,450,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Neema Ahadian, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
