443 Bay St - Apartments FOR SALE


Santa Monica, CA 90405- Ocean Park
$2,700,000 USD
310-968-5303
443 Bay St, Santa Monica, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/16
null | 5.02% Cap Rate

443 Bay St
Santa Monica, CA 90405
Ocean Park


HIGHLIGHTS

  • SIGNIFICANT PRICE IMPROVEMENT. PRICED TO SELL IN PRIME SANTA MONICA. 6 large units ideally located in a premier Santa Monica location
  • Perfect for an investor or owner user
  • Incredible unit mix of large 2 and 3-bedroom floor plans
  • Several luxuriously upgraded units
  • New roof and all copper plumbing
  • n close proximity to the beach and high-end dining and nightlife on Main Street

OVERVIEW

SIGNIFICANT PRICE IMPROVEMENT. PRICED TO SELL IN PRIME SANTA MONICA. Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is 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, 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, 1½-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.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

6

PRICE/UNIT

$450,000

CAP RATE

5.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Perfect Investment or Owner User

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,719 SF

ZONING

SMR3*

APN/PARCEL ID

4289-011-027

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.