500 California Ave, Santa Monica, CA 90403

$12,000,000
35
BD
23
BA
17,213
SqFt
List Price
$12,000,000
MLS#
20-636306
Year Built
1953
Bedrooms
35
Bathrooms
23
Living Sq. Ft
17,213
Lot Size
15,007
Days on Market
27
Property Type
Multifamily
Stories
2

Property Description

500 California is a 23-unit legacy apartment building located in prime Santa Monica, just four blocks to iconic Ocean Avenue and Palisades Park. Offering an investor a rare opportunity to purchase irreplaceable real estate, this is the first time this property has been on the market in over 20 years. The property is walking distance to all of the shops, restaurants, and entertainment that downtown Santa Monica has to offer, including: the Third Street Promenade, trendy Montana Avenue, renowned Ocean Avenue, and the iconic Santa Monica Pier. Offering tremendous proximity to employment, Santa Monica is a thriving technology, media and entertainment hub, and an integral part of Silicon Beach. The property has a desirable unit mix of ten 1+1; twelve 2+1; and one single units. The two-story garden-style community has been well-maintained and offers an investor significant rental upside with a 4.7% cap at mkt. RENTS SHOWN ARE AVERAGES - Rent Roll available on website (see Pvt Remarks).

Additional Information

Other Buildings
None
Heat
Other
Cooling
None
Number of Cars in Garage
Side By Side

Mortgage Calculator

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Courtesy of , Adrienne Barr - CA DRE#

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