522 Idaho Avenue
522 Idaho Avenue
$2,375,000
6
6
3,360
3,360
$707
Sold 12/1/23
Description
522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica.. Located in the highly desirable, Wilshire/Montana neighborhood, the subject property is just one block south of Montana Avenue & only five blocks from Ocean Avenue. The majority of the units are leased at below market rents, providing an investor the opportunity to capture 35% rental upside as units turn. 522-532 Idaho Ave is situated on the corner of a quiet, tree-lined street. The property is separately metered...522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica.. Located in the highly desirable, Wilshire/Montana neighborhood, the subject property is just one block south of Montana Avenue & only five blocks from Ocean Avenue. The majority of the units are leased at below market rents, providing an investor the opportunity to capture 35% rental upside as units turn. 522-532 Idaho Ave is situated on the corner of a quiet, tree-lined street. The property is separately metered for electric and will be delivered with one vacancy. Santa Monica is one of the most sought-after rental markets in all of Los Angeles. Located just below Brentwood, this booming area is home to young professionals and families alike. Companies such as Activision Blizzard, Universal Music Group, Snap, and Lionsgate attract top talent to this neighborhood.. Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 522 Idaho Avenue
Zoning
SMR2*
Parcel Number4292010001
Total Units6.0
Living Area3360
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate1
Lot Size Area7480
Location
LISTING UPDATED: 12/13/2023 10:07 AM
Property Details for 522 Idaho Avenue
Status | Sold |
---|---|
MLS # | 23-269600 |
Days on Market | 218 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.17 AC / 7,480 SF |
County | Los Angeles County |
Location
Building Information for 522 Idaho Avenue
Stories-Residences-Year Built1922Building Size-Lot Size0.17 AC / 7,480 SF
Payment Calculator
$15,627 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 522 Idaho Avenue
Property History for 522 Idaho Avenue
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 522 Idaho Avenue
Taxable ValueLand$1,978,404Additions$646,343Total$2,624,747
Tax Record2023$31,988 ($2,666 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtLot Size7,480 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningSMR2*CountyLOS ANGELESAPN4292-010-001
Schools near 522 Idaho Avenue
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 |
---|---|---|
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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