710 Bay Street

Santa Monica, CA 90405

$2,099,000
Price
4
Beds
3
Baths
2,073 Sq. Ft.
$1,013 / Sq. Ft.
2,073
Sq. Ft.
$1,013
per Sq. Ft.

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.
  1. Listed by Tregg Rustad • DRE #01349144 • Brokerage DRE #00858724 • Rodeo Realty
  2. Listed by Peter Maurice • DRE #01129738 • Brokerage DRE #00858724 • Rodeo Realty

Property Details for 710 Bay Street

Water Front
None
Zoning
SMOP2*
Style
Traditional
Cross Streets
Lincoln Ave and Bay St
Parcel Number
4289002021
Total Units
3.0
Living Area
2073
Source Living Area
Assessor

Location

Listing Courtesy of Rodeo Realty, Tregg Rustad, DRE #01349144; Rodeo Realty, Peter Maurice, DRE #01129738
Add your commute
LISTING UPDATED: 04/24/2024 12:01 AM

Property Details for 710 Bay Street

StatusActive
MLS #24-380145
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.10 AC / 4,473 SF
CountyLos Angeles County

Location

Listing Courtesy of Rodeo Realty, Tregg Rustad, DRE #01349144; Rodeo Realty, Peter Maurice, DRE #01129738
Add your commute

Building Information for 710 Bay Street

Stories1Residences-Year Built1956Building Size-Lot Size0.10 AC / 4,473 SF

Payment Calculator

$13,475 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,455

Property Taxes

$2,020

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 710 Bay Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Community Features: Community Mailbox
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Property Condition: Updated/Remodeled
  • Water: In Street
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $116,364
  • Net Operating Income: $82,195.50
  • Gross Income: $116,364
  • Cap Rate: 3.90%
  • Gross Rent Multiplier: $18.00
  • Financial Info as Of: 04/01/2024
  • Owner Pays: Water, Gardener, Gas
  • Total Annual Expense: 34168.50
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1027
  • Lot Size Square Feet: 4473
  • Lot Features: Yard
  • Lot Description: Curbs, Sidewalks, Yard, Lot-Level/Flat
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport Attached, Driveway, Garage
  • Total Parking: 6
  • Covered Parking: 3
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 2
  • Carport Spaces Total: 1
  • Parking Features: Assigned, Attached Carport, Driveway, Garage
  • Attached Garage: Yes
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Dining Area, Patio Covered, Living Room
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Ceiling Fan, Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator, Range/Oven, Vented Exhaust Fan, Ceiling Fan
  • Interior Features: Recessed Lighting
  • Room Kitchen Features: Stone Counters
  • Kitchen Features: Stone Counters
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled, Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Gas, Gas/Electric Range
  • Laundry: Community, Room
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: Sprinkler System
  • Door Features: Sliding Doors
  • Patio Features: Covered Porch, Patio Open
  • Entry Location: Ground Level w/steps
  • Windows: Drapes/Curtains
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structural Features: Sliding Glass Doors
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-16-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,167.00
  • Unit Actual Rent: $4,167.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 0
  • Number of Dishwasher: 3
  • Number of Disposal: 3
  • Number of Drapes: 3
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 2
  • Number Patio: 1
  • Number Range: 3
  • Number Refrigerator: 3
  • Number Rented Garages: 2
  • Number Wall AC: 3
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $483,558.00
  • Assessed Improvement Percent: 24.0
  • Assessed Land Value: $1,531,102.00
  • Assessed Land Percent: 76
  • Assessed Total Value: $2,014,660.00
  • Private Transfer Taxes: No

Property History for 710 Bay Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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710 Bay Street is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on April 16, 2024 by Rodeo Realty, it's currently listed at $2,099,000. It has been on the market for a total of 14 days and was last sold on September 13, 2017. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include John Muir Elementary School, John Adams Middle School and Santa Monica High School. 710 Bay Street is a 4-bed, 3-bath, 2,073 sqft multi-family home built in 1956.

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 Rodeo Realty, Tregg Rustad, DRE #01349144; Rodeo Realty, Peter Maurice, DRE #01129738

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.