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301 Ashland Ave
Santa Monica, CA 90405
Assumable Debt at 3.3% Interest Rate · Multifamily Property For Sale
·
9 Units
Investment Highlights
- 78% of Units Have Been Upgraded with New Flooring, Stainless-Steel Kitchen Appliances, Central Heat/AC, Washer/Dryer, Countertops & More
- The Government Required Seismic Retrofit Work is Already Completed, Which Saves a New Investor Substantially in Capital and Time
- Located Three Blocks from the Beach, Residents Enjoy Convenient Access to all the Retail, Entertainment, Restaurants and Nightlife
- Attractive Assumable Financing is Available at 3.30% interest, Amortizing with a Maturity Date of March 1st, 2052
- Offering 16 On-Site Parking Spaces for 9 Units in a Neighborhood Where Parking is at a Premium
- Generates Healthy Income Stream of More than $32,500 in Scheduled Rent Per Month
Property Facts
| No. Units | 9 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 7,424 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.16/1,000 SF |
| Zoning | SMOP2* | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,424 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | SMOP2* |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 600 |
| 2+2 | 4 | - | 1,000 - 1,250 |
Property Taxes
| Parcel Number | 4287-022-017 | Improvements Assessment | $2,260,373 |
| Land Assessment | $5,274,203 | Total Assessment | $7,534,576 |
Property Taxes
Parcel Number
4287-022-017
Land Assessment
$5,274,203
Improvements Assessment
$2,260,373
Total Assessment
$7,534,576
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