301 Ashland Ave Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90405
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,424 sqft
Price per Sqft $901
MLS Listing ID 24-420295
Bedrooms 13
Year Built 1960
Lot Size 7,729 Sqft
Acres 0.1774
Property Sub-Type Multi-Family
Property Description
ASSUMABLE FINANCING of approximately $3,550,000 @ 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 one long-time tenant paying a miniscule of their market-value. Unit #2 with previous low paying tenant has just been vacated and is now vacant. Will need updating. Current ownership has NOT offered these the other low paying tenant cash for keys. 16 off-street parking spaces.
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMOP2*
Rooms
Other Rooms None
Interior
Heating Central
Cooling Air Conditioning, Central
Equipment Dishwasher, Dryer, Washer, Range/Oven, Refrigerator
Exterior
Parking Features Carport, Carport Attached, Driveway, Tandem, Offsite, Uncovered
Garage Spaces 15.0
Building
Story 3
Level or Stories Multi/Split
Others
Special Listing Condition Standard