Santa Monica, CA 90405,443 Bay St
Santa Monica, CA 90405,443 Bay St
Santa Monica, CA 90405,443 Bay St
18
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$2,700,000
Est. payment /mo
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13 Beds
8 Baths
5,532 SqFt
Price Dropped by $175K

443 Bay St Santa Monica, CA 90405

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,532 sqft

Price per Sqft $488

MLS Listing ID 25514273

Bedrooms 13

Year Built 1971

Lot Size 5,752 Sqft

Acres 0.132

Property Sub-Type Multi-Family

Property Description

SIGNIFICANT PRICE IMPROVEMENT. PRICED TO SELL IN PRIME SANTA MONICA. We are pleased to offer for sale an incredible multifamily asset located at 443 Bay Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1971, the building boasts an ideal unit mix consisting of very large 2 & 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor or owner user (there is a very large, luxuriously updated 3 bedroom unit), the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a brand new roof, as well as an on-site laundry facility. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed,1-bath units, and (3) 2-bed, 1-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units) and central HVAC (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to the beach and Main Street, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 443 Bay Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMOP2*

Rooms

Other Rooms None

Interior

Heating Central, Wall

Cooling Wall/Window, Central

Equipment Microwave, Refrigerator, Range/Oven, Dishwasher

Exterior

Parking Features Assigned, Carport Attached

Garage Spaces 10.0

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Remax Commercial and Investment Realty

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443 Bay St