301 Ashland Avenue, Santa Monica, CA 90405
-
Listed Price :
$6,695,000
-
Beds :
13
-
Baths :
11
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Property Size :
7,424 sqft
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Year Built :
1960
Property Description
ASSUMABLE FINANCING of approximately $3,550,000 @ 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 one long-time tenant paying a miniscule of their market-value. Unit #2 with previous low paying tenant has just been vacated and is now vacant. Will need updating. Current ownership has NOT offered these the other low paying tenant cash for keys. 16 off-street parking spaces.
Interior Features
| Bedroom Information |
| Bedrooms |
13 |
| Bathroom Information |
| Bathrooms |
11 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
301 Ashland Avenue |
| City |
Santa Monica |
| State |
CA |
| Zip |
90405 |
| County |
Los Angeles |
| Listing Agent |
Peter V Buonocore DRE #01279107 |
| Co-Listing Agent |
Lane Aronson DRE #00681193 |
| Courtesy Of |
Keller Williams Larchmont |
| List Price |
$6,695,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
7,424 |
| Lot Size |
7,729 |
| Year Built |
1960 |
Listing information courtesy of: Peter V Buonocore, Lane Aronson, Keller Williams Larchmont. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 22nd, 2025 at 12:28 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
