Mansions in the Skies - Luxury Condo Real Estate Collection
MLS: 23-333469

443 Bay St, Santa Monica, CA 90405

Priced at: $2,875,000
Bedrooms:
13
Bathrooms (Full):
0
Bathrooms (Half):
0
Living Area SqFt:
5,532 Sq Ft
Lot SqFt:
5,752 Sq Ft
Year Built:
1971
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.
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Features

Equipment/ Appliances:
  • Built-Ins
  • Garbage Disposal
  • Dishwasher
  • Microwave
  • Refrigerator
  • Range/Oven
Parking:
  • Assigned
  • Carport Attached
MLS: 23-333469
443 Bay St, Santa Monica, CA 90405
Price: $2,875,000
Listing courtesy of Remax Commercial and Investment Realty.

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Oral representations cannot be relied upon as correctly stating representations of the developer. For correct representations, make reference to the purchase agreement and to the documents required by Section 718.503, Florida statutes, to be furnished by a developer to a buyer or lessee. In the interest of continuous product improvements and to meet changing market conditions, the builder reserves the right to modify maps, floorplans, exterior, specifications, features, prices and product types without prior notice or obligation. Some features may vary from plan to plan. All maps, plans, and elevations renderings are artist’s conceptions and not necessarily to scale. All square footages are approximate - room sizes may vary from square footages as shown on the floorplan. Landscape will vary as to maturity, number and species and from floorplan to floorplan.

William PD Pierce Luxury Realestate
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