210 California Avenue 1 Santa Monica, CA $ 6,500,000
210 California Avenue 1
$ 6,500,000
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210 California Avenue 1

Santa Monica, CA, 90403
$ 6,500,000
Bedrooms187 Baths11.0 Sq 9,346

Monthly Estimate*

$ 45,404

Listed by NorthMarq Realty Services, Inc
210 California Avenue 1, Santa Monica, CA 90403 - Image 1
210 California Avenue 1, Santa Monica, CA 90403 - Image 2
210 California Avenue 1, Santa Monica, CA 90403 - Image 3
210 California Avenue 1, Santa Monica, CA 90403 - Image 4
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Multi-Family Home for sale in Santa Monica, CA

for $6,500,000 with 187 bedrooms and 11 full baths. This 9,346 square foot home was built in 1962 on a lot size of 0.1722.

Price Reduced by $750,000 100% Vacant—The property was vacated utilizing the Ellis Act guidelines in 2019, providing new ownership multiple investment strategies. Potential Redevelopment Site— 210 California provides a wide range of investment strategies for new owners, including renovating the current building or redeveloping the site. Santa Monica, which was granted a prohousing designation by the Governor in February of this year, has made its development process more efficient. This allows for the possibility of receiving additional funding and faster approval for new housing developments. Walkable, Vibrant and Highly Amenitized Neighborhood— Santa Monica offers a picturesque beach town setting with a plethora of attractions, renowned shopping, dining options, vibrant nightlife, and entertainment venues. Those residing in 210 California benefit from convenient access to various lifestyle amenities, whether by foot, bike, or car. The Third Street Promenade, located just a short 5-minute walk away, provides an ideal destination for upscale shopping, dining, and entertainment. This pedestrian-friendly area, situated east of the Pier, comprises three car-free blocks and is centered around Santa Monica Place, which houses over 80 retailers. Starting at the Santa Monica Place shopping center, the Third Street Promenade extends northward towards Wilshire Blvd.

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Multi-Family Active

Price

$ 6,500,000

Bedrooms

187

Full Bath

11

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1722

Year Built

1962

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

OC24077809

Days on Market

14

Features
General
Sewer PublicSewer
Zoning SMR3*
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1962
Stories 2
Levels Two
Unit Number 1
Property SubType Apartment
Tax Year 2023
Gross Income 680107.0
Community Features Biking DogPark StormDrains StreetLights Sidewalks WaterSports
County Los Angeles
Net Operating Income 587303.0
Operating Expense 92804.0
Insurance Expense 6490.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions SWC of California Avenue and 2nd Court
City Santa Monica
Entry Location Street
View Y/N N
Senior Community Y/N N
Total Units 11
MLS Area C14 - Santa Monica
Lot Size Square Feet 7500.0
Private Pool N
Waterfront Y/N N
Carport Spaces 9.0
Carport Y/N Y
Street Name California
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 4675.0
Home Warranty Y/N N
Fuel Expense 4675.0
Trash Expense 4675.0
Water Sewer Expense 4675.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://listings.northmarq.com/multifamily/210-california.aspx
Days on Market 5
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot Z
Property Sub Type Additional Apartment
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Exterior
Parking Features AttachedCarport
Lot Features NearPublicTransit StreetLevel ValueInLand
Water Source Public
Total Parking 9.0
Lot Size Area 7500.0
Number of Buildings 1
Spa N
Building Area Total 9346.0
Lot Size Acres 0.1722
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 0
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 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 210
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* Excluded Features
List By
Northmarq Realty Services, Inc

Broker

(949) 717-5200

Phone

Affordability Calculator

$45,404
Per Month
100%
0%
0%
Monthly Principal & Interest
$45,404
Monthly Property Taxes
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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.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2024$6,500,000 -10.34% Price Down
4/19/2024$7,250,000 Listed Price

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210 California Avenue 1, Santa Monica, CA, 90403 is a Multi-Family Home for sale at $6,500,000 with 9,346 sqft and a lot size of 0.1722. 210 California Avenue 1 has 187 bedrooms, 11.0 baths, and was built in 1962. The property's zip code is 90403 which is in Santa Monica, CA