410 California Avenue

410 California Avenue

Santa Monica, CA 90401

$2,225,000
Last Sold Price
5
Beds
7
Baths
4,151 Sq. Ft.
$536 / Sq. Ft.
4,151
Sq. Ft.
$536
per Sq. Ft.

Closed 11/6/20

Closed 11/6/20

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Description

410 California Ave is a 7-unit apartment building located in the heart of Santa Monica, CA. The 4,151 SF building was built in 1951 and sits on a 5,015 SF lot. This property boasts a unit mix of five (5) 1bedroom 1-bathroom units and (2) studio units. All units are approximately ~700 SF (buyer to verify) and are in well-kept original condition. This stunning property contains five (5) onsite parking spaces and a laundry room, both of which are highly sought after in this location. With unbeatable...410 California Ave is a 7-unit apartment building located in the heart of Santa Monica, CA. The 4,151 SF building was built in 1951 and sits on a 5,015 SF lot. This property boasts a unit mix of five (5) 1bedroom 1-bathroom units and (2) studio units. All units are approximately ~700 SF (buyer to verify) and are in well-kept original condition. This stunning property contains five (5) onsite parking spaces and a laundry room, both of which are highly sought after in this location. With unbeatable proximity to the famous Santa Monica Pier, shops and restaurants at Third Street Promenade, and the Pacific Ocean – coupled with great upside in market rent potential, this is a trophy asset and turnkey investment opportunity! One unit will be delivered vacant.
  1. Listed by Austin Zahn • DRE #01936451 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 410 California Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4151
Assessor Parcel Number
4292-013-017
Property Attached YN
true

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Sold By Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Add your commute
LISTING UPDATED: 11/09/2020 06:22 AM

Property Details for 410 California Avenue

StatusClosed
MLS #SB20043826
Days on Market212
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.12 AC / 5,015 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Sold By Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Add your commute

Building Information for 410 California Avenue

Stories2Residences-Year Built1951Building Size-Lot Size0.12 AC / 5,015 SF

Payment Calculator

$14,502 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,143

Property Taxes

$2,359

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 410 California Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $142,332
  • Gross Scheduled Income: $129,444
  • Net Operating Income: $88,246
  • Financing: Cash
Expense Details
  • Operating Expense: $48,047
  • New Taxes Expense: $34,375
  • Fuel Expense: $0
  • Electric Expense: $625
  • Insurance Expense: $1,755
  • Professional Management Expense: $0
  • Trash Expense: $400
  • Water Sewer Expense: $336
  • Total Expenses: $48,047
Tax / Assessment Info
  • Tax Block: 95
  • Tax Tract Number: 7014.2
  • Tax Census Tract: 7014.02
  • Tax Lot: X
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Paved
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,093
  • Unit Type Total Rent: $2,093
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,366
  • Unit Type Total Rent: $2,366
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $950
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $889
  • Unit Type Total Rent: $889
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $789
  • Unit Type Total Rent: $789
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 7
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 410 California Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 410 California Avenue

Taxable ValueLand$1,716,660Additions$598,530Total$2,315,190
Tax Record2023$28,313 ($2,359 / month)
Home Facts
Total Finished SqFt4,151 SqFtAbove Grade Finished SqFt4,151 SqFtLot Size5,015 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningSMR3*CountyLOS ANGELESAPN4292-013-017

Schools near 410 California Avenue

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
Lincoln Middle School
Public - 6 to 8
Santa Monica High School
Public - 9 to 12
Santa Monica Alternative (K-8) School
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

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.