724 Ashland Avenue

Santa Monica, CA 90405

$3,400,000
Last Sold Price
11
Beds
7
Baths
3,898 Sq. Ft.
$872 / Sq. Ft.
3,898
Sq. Ft.
$872
per Sq. Ft.

Description

A modern, fully renovated quadruplex conveniently located in prime Santa Monica. Built in 1956 and repositioned in 2019/2020, the complex offers an incredible unit mix of (3) newly complete 3 Bed/2 Bath units and (1) 2 Bed/1 Bath unit (convertible to a 3 Bed/2 Bath like others). Designed by architect Michael Tersigni, each tailored home features wide plank white oak flooring, expansive windows, and custom LED lighting. Each kitchen is outfitted with Ceaserstone counters, Bertazzoni appliances, including...A modern, fully renovated quadruplex conveniently located in prime Santa Monica. Built in 1956 and repositioned in 2019/2020, the complex offers an incredible unit mix of (3) newly complete 3 Bed/2 Bath units and (1) 2 Bed/1 Bath unit (convertible to a 3 Bed/2 Bath like others). Designed by architect Michael Tersigni, each tailored home features wide plank white oak flooring, expansive windows, and custom LED lighting. Each kitchen is outfitted with Ceaserstone counters, Bertazzoni appliances, including dishwasher, and Moen hardware. Baths feature Duravit deep soaking tubs and rain showers. The property features a large patio/common area and ample parking & storage for all units. Located moments away from Santa Monica Beach/Pier, the Third St Promenade, and Venice, this meticulously maintained fourplex is a terrific trophy asset. Call us to tour today!
  1. Listed by Elijah Korobkin • DRE #01897085 • Brokerage DRE #01897085 • Central Realty Advisors Inc
  2. Listed by Christopher Shahinian • DRE #01971377 • Brokerage DRE #01897085 • Central Realty Advisors Inc

Property Details for 724 Ashland Avenue

Zoning
SMOP2*
Parcel Number
4287030023
Total Units
4.0
Living Area
3898
Source Living Area
Other
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
5493

Location

Listing Courtesy of Central Realty Advisors Inc, Elijah Korobkin, DRE #01897085; Central Realty Advisors Inc, Christopher Shahinian, DRE #01971377

Sold By Marcus & Millichap, Sevak Keshishian, DRE #01887505

Add your commute
LISTING UPDATED: 01/06/2021 01:03 PM

Property Details for 724 Ashland Avenue

StatusSold
MLS #20-616312
Days on Market128
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.13 AC / 5,493 SF
CountyLos Angeles County

Location

Listing Courtesy of Central Realty Advisors Inc, Elijah Korobkin, DRE #01897085; Central Realty Advisors Inc, Christopher Shahinian, DRE #01971377

Sold By Marcus & Millichap, Sevak Keshishian, DRE #01887505

Add your commute

Building Information for 724 Ashland Avenue

Stories2Residences-Year Built1956Building Size-Lot Size0.13 AC / 5,493 SF

Payment Calculator

$22,063 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,555

Property Taxes

$3,508

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 724 Ashland Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $234,854
  • Net Operating Income: $168,564.00
  • Gross Income: $234,854
  • Cap Rate: 4.82%
  • Gross Rent Multiplier: $15.20
  • Total Annual Expense: 66291
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.126
  • Lot Size Square Feet: 5493
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 8
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Other
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-10-2020
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,900.00
  • Unit Actual Rent: $4,900.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,235.00
  • Unit Actual Rent: $5,235.00
  • Unit Projected Rent: $5,235.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $5,235.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $141,100.00
  • Assessed Improvement Percent: 58.65
  • Assessed Land Value: $99,467.00
  • Assessed Land Percent: 41.35
  • Assessed Total Value: $240,567.00

Property History for 724 Ashland 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 724 Ashland Avenue

Taxable ValueLand$2,080,800Additions$1,456,560Total$3,537,360
Tax Record2023$42,095 ($3,508 / month)
Home Facts
Total Finished SqFt3,898 SqFtAbove Grade Finished SqFt3,898 SqFtLot Size5,494 SqFtStyleQuadraplexYear Built1956ZoningSMOP2*CountyLOS ANGELESAPN4287-030-023

Schools near 724 Ashland 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 - 9 to 12
Rating
School
Distance
John Muir Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

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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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 Central Realty Advisors Inc, Elijah Korobkin, DRE #01897085; Central Realty Advisors Inc, Christopher Shahinian, DRE #01971377

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.