722 Pier Avenue

    Santa Monica, CA 90405
    • $3,685,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: 18342498
    UPDATED: 60 min ago
    $3,685,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,107
      SQFT
    • $897
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    7 blocks to BEACH and 5 blocks TO Main St in the newly upgraded " Santa Monica LiNC" neigborhood. Luxury Renovated building in Prime SM Completely remodeled with SW Ocean views from large terraces. A Turn key Investment or Great Owner user property. Walk to,Main St.,Abbot Kinney,Whole Foods,CVS,Starbucks.LEGAL 4 Unit as per Assessor all with Large terraces, plus a Creative Studio in back not under rent control.Units approx 1000 Sq Ft . Wood floors,Granite,designer tile, Central AC, large fitted closets, Laundry in each unit ,Copper plumbing, Soaker tubs, Kohler and Toto, Fios ready,Open plan kitchens,SS appliances,SxS refrigerators with water and ice ,DUROLAST roof still under warranty,low voltage recessed lighting, low utility costs,bicycle room,storage,water efficient Landscape,water restricting faucets,soundproofing between floors , custom solid wood doors and trim. Abundance of street parking.Buyer to co-operate with sellers 1031 exchange with no cost to buyer.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T18:30:27.813. 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.
    www.playavistaliving.com/homes/83407538

    722 Pier Avenue Santa Monica, CA 90405

    • Price: $3,685,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 18342498
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,107
    SQFT
    $897
    $/SQFT
    1963
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    7 blocks to BEACH and 5 blocks TO Main St in the newly upgraded " Santa Monica LiNC" neigborhood. Luxury Renovated building in Prime SM Completely remodeled with SW Ocean views from large terraces. A Turn key Investment or Great Owner user property. Walk to,Main St.,Abbot Kinney,Whole Foods,CVS,Starbucks.LEGAL 4 Unit as per Assessor all with Large terraces, plus a Creative Studio in back not under rent control.Units approx 1000 Sq Ft . Wood floors,Granite,designer tile, Central AC, large fitted closets, Laundry in each unit ,Copper plumbing, Soaker tubs, Kohler and Toto, Fios ready,Open plan kitchens,SS appliances,SxS refrigerators with water and ice ,DUROLAST roof still under warranty,low voltage recessed lighting, low utility costs,bicycle room,storage,water efficient Landscape,water restricting faucets,soundproofing between floors , custom solid wood doors and trim. Abundance of street parking.Buyer to co-operate with sellers 1031 exchange with no cost to buyer.
    Exterior Features

    Carport Spaces 3.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Attached Parking Total 3.00 Parking YN Yes

    Interior Features

    Appliances Garbage DisposalIce MakerWater Line To RefrigeratorRefrigeratorDishwasher Appliances YN Yes Laundry Features Dryer IncludedGas Dryer HookupStackable Levels Two

    Property Features

    Cap Rate 4.00 Electric Expense 600.00 Financial Info As Of 2017-12-31 00:00:00 Fuel Expense 580.00 Gross Income 17489.00 Gross Multiplier 17.50 Gross Operating Income 205671.00 Improvements Amount 470833 Insurance Expense 3055.00 Land Lease Amount Frequency Annually Land Lease YN No Land Value 946402 Laundry YN Yes Maintenance Expense 2600.00 Net Operating Income 148682.00 Number Of Units Leased 4 Operating Expense Percent 28.00 Special Listing Conditions Standard Taxes Percent 1.25 Total Expenses 56989.00 Trash Expense 1250.00 Utilities Cable Available Vacancy Allowance Rate 2.00 Water Sewer Expense 1642.00 Zoning Smop2*

    Listing provided courtesy of Susan Marfleet of Keller Williams Beverly Hills.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T18:30:27.813. 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.
     
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