520 California | Santa Monica, CA 90403
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- LoopNet Team
520 California
Santa Monica, CA 90403
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 2020 ~ 2022 REMODELED - Generational Investment Opportunity - potential 29+% increase in NOI
- Highly Walkable and Quiet Neighborhood near 3rd Street Promenade, bi-weekly Farmer's Market, Vons, CVS, Whole Foods, banks, restaurants, ...
- Bright, sunny, and airy - large widows exposing abundant natural lighting
- LOCATION - LOCATION - LOCATION - 1 block north of Wilshire and 5 blocks to Ocean Ave with direct access to California Incline to the beach boardwalk
- Close proximity to Metro, Fwy 10/ 405. and PCH
- High tech, finance, education, medical. legal, entertainment, services.- job rich environment
Property Facts
| No. Units | 7 | Building Size | 7,196 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.57/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | SMR4* | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,196 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | SMR4* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Ceiling Fans
- Granite Countertops
- Ice Maker
- Refrigerator
- Oven
- Views
- Walk-In Closets
- Yard
- Breakfast Nook
- Built-In Bookshelves
- Dining Room
- Framed Mirrors
- Linen Closet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 700 - 750 |
| 2+2 | 4 | - | 1,000 - 1,250 |
Property Taxes
| Parcel Number | 4292-012-022 | Improvements Assessment | $160,326 |
| Land Assessment | $538,307 | Total Assessment | $698,633 |
Property Taxes
Parcel Number
4292-012-022
Land Assessment
$538,307
Improvements Assessment
$160,326
Total Assessment
$698,633
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