CA > Santa Monica
Santa Monica, CA 90405,301 Ashland Ave
Santa Monica, CA 90405,301 Ashland Ave
Santa Monica, CA 90405,301 Ashland Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$6,695,000
Est. payment /mo
13 Beds
11 Baths
7,424 SqFt
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UPDATED:

09/24/2024 11:38 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,424 sqft

Price per Sqft $901

MLS Listing ID 24-420295

Bedrooms 13

Year Built 1960

Lot Size 7,729 Sqft

Acres 0.1774

Property Description

ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMOP2*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning, Central

Equipment Dishwasher, Dryer, Washer, Range/Oven, Refrigerator

Exterior

Garage Carport, Carport Attached, Driveway, Tandem, Offsite, Uncovered

Garage Spaces 15.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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Listed by Keller Williams Larchmont

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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