710 Bay Street, Santa Monica CA, 90405

Active

710 Bay Street

Santa Monica CA, 90405

$2,099,000

$1,012.54 per sqft

Active

4 Beds

3 Baths

2,073 sqft

Residential

Built in 1956

Listed by Tregg Rustad with Rodeo Realty 310-724-7100

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.

24380145

MLSⓇ ID

April 16, 2024

Listed

April 24, 2024

Updated

Map

710 Bay Street
Santa Monica CA, 90405

Interior Features

Total Stories: 1
Bedrooms: 4
Total Bathrooms: 3
Interior Features: Ceiling Fan(s), Recessed Lighting
Appliances: Dishwasher, Disposal, Gas Range, Refrigerator, Vented Exhaust Fan, Dryer, Washer
Laundry Description: Common Area, Laundry Room
Floor Description: Wood
Fireplace: Yes
Fireplace Description: None
Cooling: No
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.1 Acres
Lot Features: Yard
Architectual Style: Traditional
Roof: Composition, Shingle
Sewer: Other

School Information

School District: Santa Monica-Malibu Unified

Other Property Details

Area Name: C14 - Santa Monica
Days on Market: 8
Garage: Yes
Garage Spaces: 2
Parking: Attached Carport, Assigned, Driveway, Garage
Parking Total: 6
View: No
View Description: None
County: Los Angeles
Pool: No
Pool Features: None
Zoning: SMOP2*
Buyer Agency Compensation: 2.5%

Listing Contact: 310-724-7100

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/24/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 4/24/2024 at 2:09 PM UTC