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836 Ashland Ave, Santa Monica, CA 90405
$2,965,000
836 Ashland Ave, Santa Monica, CA 90405View this property at 836 Ashland Ave, Santa Monica, CA 90405
836 Ashland AveSanta MonicaCA90405
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Property Description
4.41 CAP Rate, 14.54 GIM and $387/SF in PRIME OCEAN PARK. We are pleased to offer for sale an incredible multifamily asset at located at 836 Ashland Avenue in the heart of LA's famed beach city of Santa Monica. Originally built in 1968 and ideally situated in the Ocean Park section of the city, the building boasts an incredibly rare unit mix consisting of all extremely large 2-bedroom 2 bath and 3-bedroom 2 bath units. Each of these units is extremely spacious and has a terrific floor plan. The property is situated on an oversized corner lot; thus, all units offer an abundance of natural light. There is HUGE rental upside, as current rents hover around $2,07/SF. Additionally, there is parking for all units as well as an on-site laundry facility. The large 3-bedroom unit is currently vacant, providing an excellent opportunity for the owner user looking to live in an ideal location and collect significant rental income. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Full Property Details
Full Property Details for 836 Ashland Ave
General
- Sold For: $2,965,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-305585
- Added to Site: 250 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 14
Bedrooms
- Total Bedrooms: 15
Additional Information
- Other Features: None
Parking
- Garage Description: Assigned, Carport Attached
Location
- Area: Santa Monica
- County: Los Angeles
- Driving Directions: Just east of Lincoln Blvd., on the corner of Ashland Avenue and 10th Street.
Heating & Cooling
- Cooling Type: Wall/Window, Window Unit(s)
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 8,264
- Sq. Ft. Source: Assessor
- Year Built: 1968
- Year Built Source: Assessor
Unit Information
- Units in Complex: 7
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.187
- Lot Size: 8146
- Lot Size Source: Assessor
- Zoning: SMR2*
Financial Considerations
- Price Per Sq. Ft.: $387.22
- Assessment Year: 1968
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 4285-027-025
Listed by Remax Commercial and Investment Realty, Jonathan Taksa
Sold by Andrew C. Lee, Kimiyasu Murayoshi
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Schools
Schools serving 836 Ashland Ave
School District:Santa Monica-Malibu Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2401 14th St, Santa Monica, CA 90405 | K-5 | 0.5 mi | |
2425 16th St, Santa Monica, CA 90405 | 6-8 | 0.6 mi | |
601 Pico Blvd, Santa Monica, CA 90405 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 836 Ashland Ave
Date
Details
Price
Change
Source
1/24/2024
Sold
$2,965,000
-7.34%
MLS
10/19/2023
Price Reduced
$3,200,000
-8.44%
MLS
8/29/2023
Listed
$3,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
836 Ashland Ave, Santa Monica, CA 90405 (MLS# 23-305585) is a Multi-Family property that was sold at $2,965,000 on January 24, 2024. Want to learn more about 836 Ashland Ave? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.