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305 Strand St
Santa Monica, CA 90405
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 5,742 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 2.09/1,000 SF |
| Zoning | SMOP2* | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,742 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | SMOP2* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Hardwood Floors
- Oven
- Tub/Shower
- Quartz Countertops
ABOUT 305 STRAND ST , SANTA MONICA, CA 90405
Lyon | Stahl is proud to present 305 Strand St, a 6-unit apartment building located in Santa Monica, CA. This 5,742 SF building was built in 1959 and is situated on a 4,893 SF lot. Previously a 7-unit building that was converted to six (6) units (w/ city approval to convert back to 7 units - buyer to confirm), this property boasts a unit mix of one (1) massive 3-bed/4-bath owner’s unit, two (2) 2-bed/1.5-baths, and three (3) 1-bed/1-bath units. One of the 2-bath units and both singles have been fully renovated with granite/wood floors, new appliances, windows, and bathrooms. The 3-bed/4-bath is a huge 3-story owner’s unit, that could easily be converted back into two units, and features an elevator, 40 x 40 private deck with ocean view, solar panels, and heated floors. This beautifully landscaped property also contains twelve (12) parking spaces (6 garages), as well as plenty of street parking. This unbeatable location -- blocks from the beach, Santa Monica Pier, and 3rd St. Promenade -- coupled with the significant upside in market rent potential, make this a great turn-key investment opportunity!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+4 | 1 | $7,125 | - |
| 2+2 | 2 | $4,500 | - |
| 1+1 | 3 | $2,875 | - |
PROPERTY TAXES
| Parcel Number | 4289-014-011 | Improvements Assessment | $1,645,387 |
| Land Assessment | $2,231,036 | Total Assessment | $3,876,423 |
PROPERTY TAXES
