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$2,875,000

Beds
13
sq ft
5,532

443 Bay St, Santa Monica, CA 90405

443 Bay St

Santa Monica, CA 90405

  • 63 days on market
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, an 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). 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.

Details

Property type

Lot size

5,752 sq ft

Price per sq ft

$520

Year built

1971

HOA

No

Price History

09/03/2024
CLAW

CLAW #24434514

Listed
$2,875,000
05/22/2024
CLAW

CLAW #23333469

Removed
$2,875,000
04/17/2024
CLAW

CLAW #23333469

Price change
$2,875,000
-2.54%

Schools & Community

Neighborhood: 

Ocean Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/05/2024 at 3:30 AM

Listing updated: 10/07/2024 at 2:49 AM

Listed by: Jonathan Taksa, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24434514

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