710 Bay Street, Santa Monica

$1,999,000

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4 Beds
3 Baths
2,073 Sqft
.1 Acre
2 Garages

Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry room furnishing extra monthly income. One unit (Unit B, a 1bd, 1ba) will be delivered vacant. The other two units are occupied with solid, but not full market value rents. Gross income with actual rents for the two occupied units and projected rent for the one vacant unit is appx. $116,364/yr (including laundry income). Current operating expenses approx. $7,931/yr (excluding taxes and mortgage). Bonus: Santa Monica triplexes can be exempted from Santa Monica rent control if one unit is owner occupied (buyer to verify with City). A perfect opportunity for an owner who wants to offset the mortgage, or an investor looking for a foothold in a high rent/high quality tenant area of Santa Monica.

Essential Information

MLS® #
24380145
Price
$1,999,000
Bedrooms
4
Bathrooms
3.00
Square Footage
2,073
Acres
0.10
Year Built
1956
Type
Residential Income
Style
Traditional
Status
Active

Community Information

Address
710 Bay Street
Area
C14 - Santa Monica
City
Santa Monica
County
Los Angeles
Zip Code
90405
Senior Community
N

Amenities

Parking Spaces
6
# of Garages
2
View
None
Pool
None

Parking

Attached Carport, Assigned, Driveway, Garage

Garages

Attached Carport, Assigned, Driveway, Garage

Interior

Interior
Wood
Heating
Wall Furnace
Fireplaces
None
# of Stories
1
Stories
One

Interior Features

Ceiling Fan(s), Recessed Lighting

Appliances

Dishwasher, Disposal, Gas Range, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Exterior
Stucco
Lot Description
Yard
Windows
Drapes
Roof
Composition, Shingle
Construction
Stucco
Foundation
Raised

School Information

District
Santa Monica-Malibu Unified

Additional Information

Date Listed
April 16th, 2024
Days on Market
27
Zoning
SMOP2*

Listing Details

Agent
Tregg Rustad
Office
Rodeo Realty
Property History
Price Reduced from $2,099,000 to $1,999,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 13th, 2024 at 4:45pm 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.