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Santa Monica, CA 90405 710 Bay Street

$1,999,000

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Presented By: Tregg Rustad with Rodeo Realty;
  • MLS# 24380145
  • 04/16/2024
  • Request Tour
  • Request Info
  • BedBeds • 4
  • BathBaths • 3
  • FootageSQFT • 2,073
  • GarageGarage • 2

Home Details

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.
Presented By: Tregg Rustad with Rodeo Realty;

Interior Features for 710 Bay Street

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths3

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Street SuffixStreet
Total Stories1
Window FeaturesDrapes

General for 710 Bay Street

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, GasRange, Refrigerator, VentedExhaustFan, Dryer, Washer
Architectural StyleTraditional
Attached Garage Yes
Cap Rate3.9
Carport Spaces1.0
Carport Y/NYes
CitySanta Monica
Construction MaterialsStucco
CountyLos Angeles
Days on Market27
DirectionsOcean Park: West of Lincoln Ave; South of Pico Blvd; North of Ocean Park Blvd
DisclosuresRentControl
Entry LocationGround Level w/steps
Garage Spaces2.0
Garage Y/NYes
Gross Income116364.0
HOA / Comm AssnNo
HeatingWallFurnace
High School DistrictSanta Monica-Malibu Unified
Home Warranty Y/NNo
Interior FeaturesCeilingFans, RecessedLighting
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet4473.0
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income82195.5
New ConstructionNo
Number of Units Leased2
Occupancy TypeVacant
Open Parking Spaces3.0
Patio/Porch FeaturesCovered, Open, Patio
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameBay
Tenant PaysCableTV, Electricity, Gas
Total Units3
ViewNone
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1956
Year Built SourceAssessor
ZoningSMOP2*

Exterior for 710 Bay Street

Building Area Total2073.0
Crops Included Y/NNo
Door FeaturesSlidingDoors
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesYard
Lot Size Acres0.1027
Lot Size Area4473.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned, Driveway, Garage
SpaNo
Total Parking6.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,999,000
MLS#24380145
List Date 04/16/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors