$3,345,000 301 Ashland Avenue Santa Monica, CA

MLS: 16130932   Type: Income   County: Los Angeles   City: Santa Monica   Zip: 90405     Stories: 2

Mortgage $15,704 /mo



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OCEAN VIEW SANTA MONICA BEACH!!! Amazing Santa Monica Location 3 Blocks from world famous Santa Monica Beach and just one block from the gorgeous shops and restaurants on Main Street in Santa Monica. Fantastic unit mix and excellent parking. Ocean Views from some units! The previous owner did not raise rents for over 50 years!!! Over 600% upside in rents at projected market rents. Rents are at approximately 17% of market or 83% below market. The units are subject to Rent Control but rents can be raised to market when a unit becomes vacant. See private remarks and attached brochures.

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Price History

6/3/2016 Listed $3,495,000
10/24/2016 5% - $3,345,000

Co-listing Agent Brett Daniels - BRE#01905758
Colistagentfirstname Brett
Colistagentlastname Daniels
Colistagentstatelicense 01905758
Listagentstatelicense 00953183
Listing Agent Matthew Mandel - BRE#00953183
Listing Agent First Name Matthew
Listing Agent Last Name Mandel
Mlsareamajor C14 - Santa Monica
Speciallistingconditions Standard
Zoning SMOP2*

Interior Features

Cooling None
Coolingyn 0
Total Stories 2
Units 9

Exterior Features

Building Area Total 7424
Buildings 1
Lot Area 7727.00
Lot Size Acres 0.17
Lotsizesquarefeet 7727.00
Lotsizeunits Square Feet
Parking Features Carport Attached, Other
Parking Total 13.00
Parkingyn 1

Property Schools

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Gallery (3 photos)

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Property vs Zip Code Avg (90405)

Price 3.34M Avg 3.38M

Sqr Feet 7,424 Avg 4,455

Cost / Sqr Ft $451 Avg $760

Acres 0.17 Avg 0.18

Visits 13 Avg 10

Days on Site 190 Avg 73

Walkscore® 95 Avg 86

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Listing Provided Courtesy Of: Matthew Mandel with Matthew Bradley Mandel.

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Location & Address

eXp Realty California

Escondido, CA