443 Bay Street
Santa Monica, CA, 90405 $ 2,875,000
Bedrooms13 Baths8.0 Sq 5,532 Monthly Estimate*
$ 20,083
Listed by Remax Commercial and Investment Realty
for $2,875,000 with 13 bedrooms and 8 full baths. This 5,532 square foot home was built in 1971 on a lot size of 0.132.
INCREDIBLE 5.23 CAP AND 13.43 GIM WITH UPSIDE NEAR THE BEACH!!! One of the BEST priced properties in Santa Monica!! We are pleased to offer for sale an incredible multifamily asset located at 443 Bay Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1971, the building boasts an ideal unit mix consisting of very large 2 & 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a brand new roof, as well as an on-site laundry facility. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 1-bath units, and (3) 2-bed, 1-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units) and central HVAC (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to the beach and Main Street, this property is situated close to all SantaMonica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 443 Bay Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.
See more
FeaturesGeneralHeating Central WallFurnace
Cooling CentralAir WallWindowUnits
Appliances Dishwasher Disposal Microwave Refrigerator
Zoning SMOP2*
Year Built 1971
Levels MultiSplit
Gross Income 212268.0
County Los Angeles
Net Operating Income 150328.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage Y
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Just South of Pico Blvd. walking distance to Main Street and the beach
City Santa Monica
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area C14 - Santa Monica
Lot Size Square Feet 5752.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Bay
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 123
Standard Status Active
Year Built Source Assessor
Cap Rate 5.23
See more
ExteriorParking Features AttachedCarport Assigned
Total Parking 10.0
Lot Size Area 5752.0
Number of Buildings 1
Spa N
Building Area Total 5532.0
Lot Size Acres 0.132
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Laundry Features CommonArea
Total Bedrooms 13
Electric On Property Y/N N
Total Baths 8
See more
* Excluded FeaturesList ByRemax Commercial And Investment RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $20,083
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Santa Monica, CA
Average List Price $3,884,680
Percent of Sale Price 35%
About Santa Monica, CA 92,541 Population
10% Since 2002
$ 89,894 Median Income
42.46 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/17/2024 | $2,875,000 | -2.54% | Price Down |
4/3/2024 | $2,950,000 | -1.50% | Price Down |
11/21/2023 | $2,995,000 | | Listed Price |