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836 Ashland Avenue
Santa Monica, CA 90405
Sold
836 Ashland Avenue
Santa Monica, CA 90405
Sold
4.41 CAP Rate, 14.54 GIM and $387/SF in PRIME OCEAN PARK. We are pleased to offer for sale an incredible multifamily asset at located at 836 Ashland Avenue in the heart of LA's famed beach city of Santa Monica. Originally built in 1968 and ideally situated in the Ocean Park section of the city, the building boasts an incredibly rare unit mix consisting of all extremely large 2-bedroom 2 bath and 3-bedroom 2 bath units. Each of these units is extremely spacious and has a terrific floor plan. The property is situated on an oversized corner lot; thus, all units offer an abundance of natural light. There is HUGE rental upside, as current rents hover around $2,07/SF. Additionally, there is parking for all units as well as an on-site laundry facility. The large 3-bedroom unit is currently vacant, providing an excellent opportunity for the owner user looking to live in an ideal location and collect significant rental income. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
PROPERTY INFORMATION
| MLS # | 23305585 | Lot Size | 8,146 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,200,000
Price Per SqFt: $ 387 |
DOM | 689 Days |
| Address | 836 Ashland Avenue | Type | Residential Income |
| City | Santa Monica | Sq.Ft. | 8,264 Sq. Ft. |
| Postal Code | 90405 | Garage | N/A |
| County | Los Angeles | Year Built | 1968 |
| Bed / Bath | 15 / 0 | Parking | 8 |
| Built In | 1968 | Status | Closed |
| Sold Date | 2024-01-24 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Microwave |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,413
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| Price Change | $3,200,000 (-8.44%) |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Jonathan Taksa, Remax Commercial and Investment Realty. 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.
