710 Bay St

Santa Monica CA 90405

2073 sq. ft.

4473 sq. ft.

Other

Currently for sale - view listing

Overview

Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry room furnishing extra monthly income. One unit (Unit B, a 1bd, 1ba) will be delivered vacant. The other two units are occupied with solid, but not full market value rents. Gross income with actual rents for the two occupied units and projected rent for the one vacant unit is appx. $116,364/yr (including laundry income). Current operating expenses approx. $7,931/yr (excluding taxes and mortgage). Bonus: Santa Monica triplexes can be exempted from Santa Monica rent control if one unit is owner occupied (buyer to verify with City). A perfect opportunity for an owner who wants to offset the mortgage, or an investor looking for a foothold in a high rent/high quality tenant area of Santa Monica.

Features

4 bedrooms

3 bathrooms

6 carspaces

1 carport space

3 open car spaces

2 garage spaces

2073 sq. ft. floor area

4473 sq. ft. lot size

Other

Property history for 710 Bay St

2017

Sold

$1,842,155

13 Oct 2017 by Tregg Rustad, of Rodeo Realty

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