443 Bay St new Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90405
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 $519
MLS Listing ID 25514273
Bedrooms 13
Year Built 1971
Lot Size 5,752 Sqft
Acres 0.132
Property Sub-Type Multi-Family
Property Description
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