500 California Ave

Estimated Monthly Payment: $54,722/mo 500 California Ave, Santa Monica, CA 90403 MLS# 20-636306 Residential Income Listing Status: Active
35
17,213 sqft
36
4
0
0

REMARKS:

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 significant rental upside with a 4.7% cap at mkt. RENTS SHOWN ARE AVERAGES - Rent Roll available on website (see Pvt Remarks).

OVERVIEW:

Residential Income
Active
1953
0.34
17213
None
Side By Side
Other
None

FEATURES:

Range/Oven

ROOM INFO:

35

FINANCIAL:

$12,000,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Adrienne Barr - Berkadia

 

 

 

The data relating to real estate for sale on this web site comes in part from the Combined L.A./Westside MLS. Real estate listings held by brokerage firms other than Keller Williams Realty Silicon Beach are marked with the IDX logo.

 

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Combined L.A./Westside MLS. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

 

Lifestyle, neighborhood, and school data ("Supplemental Data") is provided by the operator of this website as a convenience to users. This Supplemental Data is not provided or reviewed by Combined L.A./Westside MLS. The operator of this website updates the Supplemental Data from time to time, but it does not represent, warrant or otherwise promise that the Supplemental Data is current, free from defects, or error-free. All Supplemental Data is provided AS IS with all faults. Users are encouraged to consult their own data sources to confirm the accuracy of all Supplemental Data before using the Supplemental Data as a basis for any decision. Complete list of data sources.

 

Data last updated: 10/27/2020