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$ 2,875,000
Est. payment /mo
New
443 Bay ST Santa Monica, CA 90405
13 Beds
8 Baths
5,532 SqFt
UPDATED:
Key Details
Property 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
HOA Y/N No
Year Built 1971
Lot Size 5,749 Sqft
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 C14 - Santa Monica
Zoning SMOP2*
Interior
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Attached Carport, Assigned
Attached Garage Yes
Total Parking Spaces 10
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4289011027
Special Listing Condition Standard
Listed by Jonathan Taksa • Remax Commercial and Investment Realty