858 3RD Street

    Santa Monica, CA 90403
    • $13,250,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: 19490948
    UPDATED: 9 min ago
    $13,250,000
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,700
      SQFT
    • $584
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    PRICE REDUCED by $1.25MM! $473K Per Unit. This Won't Last Long! Rents shown are Averages; Detailed rent roll available on PROPERTY WEBSITE (see private remarks). 858-860 3rd Street Highlights: Irreplaceable Santa Monica location; three blocks to beach. Tremendous rental upside - 6.0% cap at market. Rare opportunity - first time on market in 30 years - Has not been in escrow; 22,527++G++G+- SF corner lot (courtyard style); Desirable unit mix of 14 one bedrooms and 14 two bedrooms; Walk to Shops, Dining on Montana Avenue and 3rd Street Promenade. Additional APN: 4292-024-011.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. 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 deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/97100487

    858 3RD Street Santa Monica, CA 90403

    • Price: $13,250,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: 19490948
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    22,700
    SQFT
    $584
    $/SQFT
    1954
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    PRICE REDUCED by $1.25MM! $473K Per Unit. This Won't Last Long! Rents shown are Averages; Detailed rent roll available on PROPERTY WEBSITE (see private remarks). 858-860 3rd Street Highlights: Irreplaceable Santa Monica location; three blocks to beach. Tremendous rental upside - 6.0% cap at market. Rare opportunity - first time on market in 30 years - Has not been in escrow; 22,527++G++G+- SF corner lot (courtyard style); Desirable unit mix of 14 one bedrooms and 14 two bedrooms; Walk to Shops, Dining on Montana Avenue and 3rd Street Promenade. Additional APN: 4292-024-011.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes

    Property Features

    Gross Multiplier 20.87 Gross Operating Income 630808.00 Improvements Amount 297222 Land Value 1268198 Net Operating Income 385469.00 Special Listing Conditions Standard Total Expenses 245339.00 Zoning Smr3*

    Listing provided courtesy of Adrienne Barr of Berkadia


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. 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 deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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