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508 Bay St
Santa Monica, CA 90405
Multifamily Property For Sale
·
4 Units
Investment Highlights
- 4-Unit Value Add Apartment Building Located in the Heart of Santa Monica's Ocean Park Neighborhood – Significant Upside In Rents
- Units feature Washer/Dryer hookups
- Less than Half-Mile to the Downtown Santa Monica Metro Station Which Allows For Easy Commutes to West LA, Culver City, USC and DTLA
- Desirable Unit Mix: One-Bedroom / One-Bathroom Detached Front House and (3) Two-Bedroom / One-Bathroom Apartment Units
- Walk Score of 94: 5 Blocks from the Beach, 3 Blocks to Santa Monica's Trendy Main Street and Short Walks to the Santa Monica Pier, Third Street Promen
- Excellent Owner-User Opportunity
Property Facts
| No. Units | 4 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 3,249 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1911 |
| Zoning | SMOP2* | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,249 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1911 |
| Zoning | SMOP2* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
Property Taxes
| Parcel Number | 4289-009-030 | Improvements Assessment | $197,139 |
| Land Assessment | $586,553 | Total Assessment | $783,692 |
Property Taxes
Parcel Number
4289-009-030
Land Assessment
$586,553
Improvements Assessment
$197,139
Total Assessment
$783,692
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