443 Bay Street, Santa Monica
Santa Monica Home For Sale
INCREDIBLE 5.23 CAP AND 13.43 GIM WITH UPSIDE NEAR THE BEACH!!! One of the BEST priced properties in Santa Monica!! We are pleased to offer for sale an incredible multifamily asset located at 443 Bay Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1971, the building boasts an ideal unit mix consisting of very large 2 & 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a brand new roof, as well as an on-site laundry facility. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 1-bath units, and (3) 2-bed, 1-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units) and central HVAC (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to the beach and Main Street, this property is situated close to all SantaMonica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 443 Bay Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.
Property Details
Additional Information
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- City:
- Santa Monica
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- County:
- Los Angeles
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- Zip:
- 90405
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- MLS® #:
- 23333469
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- Bedrooms:
- 7
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- Bathrooms:
- 4
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- Square Ft:
- 5,532
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- Lot Size:
- 0.13
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Price Change History for 443 Bay Street, Santa Monica, (MLS® #23333469)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $2,875,000 | $75,000 (2.54%) | |
| Price Reduced (from $2,995,000) | $2,950,000 | $45,000 (1.50%) |
Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 5:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.