210 California Avenue, Unit 1
210 California Avenue, Unit 1
Description
100% Vacant—The property was vacated utilizing the Ellis Act guidelines in 2019, providing new ownership multiple investment strategies. Potential Redevelopment Site— 210 California provides a wide range of investment strategies for new owners, including renovating the current building or redeveloping the site. Santa Monica, which was granted a prohousing designation by the Governor in February of this year, has made its development process more efficient. This allows for...Price Reduced by $750,000
100% Vacant—The property was vacated utilizing the Ellis Act guidelines in 2019, providing new ownership multiple investment strategies. Potential Redevelopment Site— 210 California provides a wide range of investment strategies for new owners, including renovating the current building or redeveloping the site. Santa Monica, which was granted a prohousing designation by the Governor in February of this year, has made its development process more efficient. This allows for the possibility of receiving additional funding and faster approval for new housing developments. Walkable, Vibrant and Highly Amenitized Neighborhood— Santa Monica offers a picturesque beach town setting with a plethora of attractions, renowned shopping, dining options, vibrant nightlife, and entertainment venues. Those residing in 210 California benefit from convenient access to various lifestyle amenities, whether by foot, bike, or car. The Third Street Promenade, located just a short 5-minute walk away, provides an ideal destination for upscale shopping, dining, and entertainment. This pedestrian-friendly area, situated east of the Pier, comprises three car-free blocks and is centered around Santa Monica Place, which houses over 80 retailers. Starting at the Santa Monica Place shopping center, the Third Street Promenade extends northward towards Wilshire Blvd.
- Listed by Michael Smith • DRE #01460413 • Brokerage DRE #01858487 • NorthMarq Realty Services, Inc
Property Details for 210 California Avenue, Unit 1
Location
Property Details for 210 California Avenue, Unit 1
| Status | Active |
|---|---|
| MLS # | OC24077809 |
| Days on Market | 13 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Apartment |
| Year Built | 1962 |
| County | Los Angeles County |
Location
Building Information for 210 California Avenue, Unit 1
Payment Calculator
$40,556 per month
30 year fixed, 7.25% Interest
$35,473
$5,083
$0
Property Information for 210 California Avenue, Unit 1
- Gross Income: $680,107
- Gross Scheduled Income: $670,800
- Gross Operating Income: $680,107
- Net Operating Income: $587,303
- Operating Expense: $92,804
- Fuel Expense: $4,675
- Electric Expense: $4,675
- Insurance Expense: $6,490
- Professional Management Expense: $40,806
- Trash Expense: $4,675
- Water Sewer Expense: $4,675
- Total Expenses: $92,801
- Tax Rate: 1.16
- Tax Year: 2023
- Tax Block: 97
- Tax Tract Number: 4292
- Tax Census Tract: 7014.02
- Tax Lot: Z
- Assessments YN: Yes
- Assessments: Special Assessments
- Community Features: Biking, Dog Park, Watersports, Sidewalks, Storm Drains, Street Lights
- Laundry: Yes
- Laundry Features: Common Area
- Virtual Tour URL Unbranded: https://listings.northmarq.com/multifamily/210-california.aspx
- Entry Location: Street
- Pool Features: None
- Pool Description: None
- Lot Features: Level with Street, Lot 6500-9999, Near Public Transit, Value In Land
- Number Of Units: 11
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage Spaces: 0
- Carport Spaces: 9
- Parking Features: Attached Carport
- Unit Type Units Total: 11
- Unit Type Beds Total: 17
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 9
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 670800
- Unit Type Type: 1
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 0
- Number Of Separate Gas Meters: 0
- Number Of Separate Water Meters: 0
Property History for 210 California Avenue, Unit 1
| Date | Event & Source | Price | Appreciation |
|---|
| 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 210 California Avenue, Unit 1
Schools near 210 California Avenue, Unit 1
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Roosevelt Elementary School PublicK to 5 | ||
Lincoln 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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Listing Courtesy of NorthMarq Realty Services, Inc, Michael Smith, DRE #01460413
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.