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301 Ashland Avenue Santa Monica, CA $ 6,700,000
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$ 6,700,000 Get more info
301 Ashland Avenue
$ 6,700,000
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Share Save

301 Ashland Avenue

Santa Monica, CA, 90405
$ 6,700,000
Bedrooms13 Baths13.0 Sq 7,424

Monthly Estimate*

$ 46,802

Listed by Marcus & Millichap
301 Ashland Avenue, Santa Monica, CA 90405 - Image 1
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301 Ashland Avenue, Santa Monica, CA 90405 - Image 10
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301 Ashland Avenue, Santa Monica, CA 90405 - Image 20

Multi-Family Home for sale in Santa Monica, CA

for $6,700,000 with 13 bedrooms and 13 full baths. This 7,424 square foot home was built in 1960 on a lot size of 0.1774.

We are pleased to offer for sale a nine-unit apartment community located at 301 Ashland Avenue. The subject property is located just three blocks from the beach, in an excellent Santa Monica location. Situated on a 7,727 square foot parcel, the property is comprised of five one-bedroom units and four two-bedroom units with spacious layouts and offers 16 parking spaces. The property has undergone a comprehensive renovation program to the exterior, common area and majority of the interior units. 78% of the units feature stainless steel kitchen appliances, in-unit washer/dryer, central heat/AC, new flooring, new countertops, new bathrooms, new lighting & more. Exterior renovations include new windows in all units, new landscaping, new smooth stucco, new electric meters/panel, new front doors & more. The continued growth of the surrounding submarket along with the high-quality interior & exterior renovations makes 301 Ashland Avenue an excellent investment opportunity poised for long term stability.

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Multi-Family Active

Price

$ 6,700,000

Bedrooms

13

Full Bath

13

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1774

Year Built

1960

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

24358587

Days on Market

73
Features
General
Zoning SMOP2*
Year Built 1960
Levels ThreeOrMore MultiSplit
Gross Income 394716.0
County Los Angeles
Net Operating Income 264595.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions East of Ocean Park Boulevard & North of Pacific Avenue
City Santa Monica
View Y/N N
Senior Community Y/N N
Total Units 9
MLS Area C14 - Santa Monica
Lot Size Square Feet 7727.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Ashland
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 N
Days on Market 20
Standard Status Active
Year Built Source Assessor
Cap Rate 3.95
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Exterior
Parking Features Covered Carport Uncovered
Total Parking 16.0
Lot Size Area 7727.0
Number of Buildings 1
Spa N
Building Area Total 7424.0
Lot Size Acres 0.1774
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
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Interior
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 13
Electric On Property Y/N N
Total Baths 13
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Internal Only
Street Number 1 301
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* Excluded Features
List By
Marcus & Millichap

Broker

(213) 943-1897

Phone

Affordability Calculator

$46,802
Per Month
100%
0%
0%
Monthly Principal & Interest
$46,802
Monthly Property Taxes
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Monthly Home Insurance
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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.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/6/2024$6,700,000 -2.90% Price Down
2/15/2024$6,900,000 Listed Price

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301 Ashland Avenue, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $6,700,000 with 7,424 sqft and a lot size of 0.1774. 301 Ashland Avenue has 13 bedrooms, 13.0 baths, and was built in 1960. The property's zip code is 90405 which is in Santa Monica, CA

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