500 California Ave, Santa Monica, CA 90403
- $11,200,000
- 35
- BD
- 23
- BA
- 17,213
- SqFt
- List Price
- $11,200,000
- Price Change
- ▼ $800,000 1607393078
- MLS#
- 20-636306
- Year Built
- 1953
- Bedrooms
- 35
- Bathrooms
- 23
- Living Sq. Ft
- 17,213
- Lot Size
- 15,007
- Days on Market
- 118
- Property Type
- Multifamily
- Stories
- 2
Property Description
PRICE REDUCED $800,000! 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 realizable rental upside. RENTS SHOWN ARE AVERAGES - Rent Roll available on website (see Pvt Remarks).
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Additional Information
- Other Buildings
- None
- Heat
- Other
- Cooling
- None
- Number of Cars in Garage
- Side By Side
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Courtesy of , Adrienne Barr - CA DRE#
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