523 Ashland Avenue Santa Monica, CA 90405

0 Bedroom, Commercial/Residential

  • Residential Income
MLS: #PW18232766
$3,987,974
COMMENTS
This charming small complex is tucked away on a tranquil, tree lined street. This prime 7 unit Ocean Park investment enjoys open floor plans with amazing natural light and ocean breezes. Mid-Century Modern, and just 4 blocks to the ocean, or a quick bike ride to the famed 3rd St Promenade, Pier, Sunday farmers market, chic Montana Ave dining and shopping, or your tenants will appreciate all that Main St has to offer. They will soak in the romantic sunsets or escape to the waves; this is the ultimate Santa Monica location and home to the most amazing world class beaches. A fabulous location, fashionable shopping and trendy restaurants, surrounded by the ocean, beaches, and parks, yet freeway close, you are CA dreaming in paradise; welcome to Santa Monica. Units 2 and 4 have been remodeled and upgraded with granite counter tops and gleaming laminate wood flooring. The huge owner's unit boasts 3 bedrooms, and 2 1/2 baths, 2 balconies, plus a one car garage. All other units enjoy one balcony, which is great for a BBQ. There is also ample parking. 6 tandem parking spaces, 4 single parking spaces, and the one car garage, brings the count to 11. Locking storage cabinets are located above many of the spaces. Also included is an onsite laundry room, complete with a coin operated washer, dryer, folding counter and sink. Plenty of room to store surf boads and bikes. Own a piece of Southern California's most sought after gem..Santa Monica! 7 minutes to UCLA and freeway friendly.

Property Features

  • Property Type: Commercial/Residential
  • Price per Sqft: $595
  • Year Built: 1976
  • Lot Size: 7,039 SqFt
  • Garage Spaces: 1
  • Parking/Carport Spaces: 10
  • Parking Type: Assigned, Built-In Storage, Carport Attached, Covered Parking, Garage, Street, Tandem Covered
  • Rooms: Kitchen, Living Room
  • Interior: Balcony, Built-Ins, Granite Counters, Living Room Deck Attached, Open Floor Plan
  • Other Appliances: Dishwasher, Free Standing Range, Garbage Disposal, Gas Stove, Self Cleaning Oven, Water Heater Central
  • Flooring: Carpet, Laminate, Tile
  • Pool Description: None
  • Spa Description: None
  • Roof: Composition, Shingle
  • Fence Type: Block, Wrought Iron
  • Lot Features: 6-10 Units/Acre, Gentle Slope, Lot 6500-9999, Near Public Transit, Park Nearby, Treed Lot, Up Slope from Street, Walkstreet
  • Building Levels Description: Two
  • Builder/Manufacturer: Custom
  • Construction: Stucco
  • Exterior Description: Lighting
  • Property Condition: Updated/Remodeled
  • Dryer: 1
  • Cooling System: None
  • Heating: Wall Heater
  • Gas: 1
  • Sewer: Sewer Paid
  • Utility Information: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Power On or Off: Mid Century Modern
  • Parking Spaces: 11
  • County: Los Angeles
  • Area: C14 - Santa Monica
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • HOA Fee:
  • HOA Fee Includes: Curbs, Sidewalks, Street Lighting, Suburban
  • Existing Rent: $14,113
  • Cap Rate: 3
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Location

Directions: South of Lincoln Blvd, East of Ocean Park Blvd

Listing courtesy of Re/Max Cornerstone
Based on information from California Regional Multiple Listing Service, Inc. 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.

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