Listing Courtesy Of:
Keller Williams Larchmont, 323-762-2600, Peter V Buonocore
Local Realty Services Provided By:
Keller Williams Santa Monica
Overview
What It'll Cost
Neighborhood
Similar Homes
$6,695,000
301 Ashland Ave, Santa Monica, CA 90405
13 Beds
11 Baths
7,424
sq ft
.18
ac
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$6,695,000
301 Ashland Ave, Santa Monica, CA 90405
Estimation provided by Keller Williams Realty Inc.
13 Beds
11 Baths
7,424
sq ft
.18
ac
Active Under Contract
For Sale
Property Description
ASSUMABLE FINANCING of approximately $3,550,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are one long-time tenant paying a miniscule of their market-value. Unit #2 with previous low paying tenant has just been vacated and is now vacant. Will need updating. Current ownership has NOT offered these the other low paying tenant cash for keys. 16 off-street parking spaces.
Assessed Value is a combination of the land and additions.
2023
$85,741
(+40.96%)
$7,243,100
Land 5,069,400 +
Additions 2,173,700
2022
$60,826
(+2.45%)
$4,951,864
Land 3,031,080 +
Additions 1,920,784
2021
$59,370
(+53.88%)
$4,951,864
Land 3,031,080 +
Additions 1,920,784
2019
$38,582
(+728.06%)
$3,183,623
Land 2,462,002 +
Additions 721,621
2017
$4,659
$3,060,000
Land 2,366,400 +
Additions 693,600
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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