301 Ashland Avenue, Santa Monica

$6,700,000

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13 Beds
13 Baths
7,424 Sqft
.18 Acre
0 Garage

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.

Essential Information

MLS® #
24358587
Price
$6,700,000
Bedrooms
13
Bathrooms
13.00
Square Footage
7,424
Acres
0.18
Year Built
1960
Type
Residential Income
Status
Active

Community Information

Address
301 Ashland Avenue
Area
C14 - Santa Monica
City
Santa Monica
County
Los Angeles
Zip Code
90405
Senior Community
N

Amenities

Parking Spaces
16
Parking
Covered, Carport, Uncovered
Garages
Covered, Carport, Uncovered

Interior

# of Stories
3
Stories
Three Or More, Multi/Split

Additional Information

Date Listed
February 15th, 2024
Days on Market
92
Zoning
SMOP2*

Listing Details

Agent
Sean Rosenzweig
Office
Marcus & Millichap
Property History
Price Reduced from $6,900,000 to $6,700,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 2:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.