710 Bay Street
710 Bay Street
$1,999,000
4
3
2,073
2,073
$964
Description
Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry...Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry room furnishing extra monthly income. One unit (Unit B, a 1bd, 1ba) will be delivered vacant. The other two units are occupied with solid, but not full market value rents. Gross income with actual rents for the two occupied units and projected rent for the one vacant unit is appx. $116,364/yr (including laundry income). Current operating expenses approx. $7,931/yr (excluding taxes and mortgage). Bonus: Santa Monica triplexes can be exempted from Santa Monica rent control if one unit is owner occupied (buyer to verify with City). A perfect opportunity for an owner who wants to offset the mortgage, or an investor looking for a foothold in a high rent/high quality tenant area of Santa Monica.
- Listed by Tregg Rustad • DRE #01349144 • Brokerage DRE #00858724 • Rodeo Realty
- Listed by Peter Maurice • DRE #01129738 • Brokerage DRE #00858724 • Rodeo Realty
Property Details for 710 Bay Street
Water Front
None
ZoningSMOP2*
StyleTraditional
Cross StreetsLincoln Ave and Bay St
Parcel Number4289002021
Total Units3.0
Living Area2073
Source Living AreaAssessor
Location
LISTING UPDATED: 05/13/2024 11:14 AM
Property Details for 710 Bay Street
Status | Active |
---|---|
MLS # | 24-380145 |
Days on Market | 46 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1956 |
Lot Size | 0.10 AC / 4,473 SF |
County | Los Angeles County |
Location
Building Information for 710 Bay Street
Stories1Residences-Year Built1956Building Size-Lot Size0.10 AC / 4,473 SF
Payment Calculator
$12,929 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 710 Bay Street
Property History for 710 Bay Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 710 Bay Street
Taxable ValueLand$1,531,102Additions$483,558Total$2,014,660
Tax Record2023$24,238 ($2,020 / month)
Home Facts
Total Finished SqFt2,073 SqFtAbove Grade Finished SqFt2,073 SqFtLot Size4,473 SqFtStyleTriplexYear Built1956ZoningSMOP2*CountyLOS ANGELESAPN4289-002-021
Schools near 710 Bay Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
John Muir Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Santa Monica Alternative (K-8) School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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