305 Strand St Santa Monica, CA 90405

$3,750,000
Santa Monica, CA   90405
0 Beds, 0.0 Baths, 0 sq ft, 4,893 sq ft lot, Built in 1959
305 Strand St, Santa Monica, CA 90405 Photo 0
305 Strand St, Santa Monica, CA 90405 Photo 1
305 Strand St, Santa Monica, CA 90405 Photo 2
305 Strand St, Santa Monica, CA 90405 Photo 3
305 Strand St, Santa Monica, CA 90405 Photo 4
305 Strand St, Santa Monica, CA 90405 Photo 5
305 Strand St, Santa Monica, CA 90405 Photo 6
305 Strand St, Santa Monica, CA 90405 Photo 7
305 Strand St, Santa Monica, CA 90405 Photo 8
0 Beds,
0.0 Baths,
0 sq ft,
4,893 sq ft lot
Built in 1959

Description

MLS# SB18279597

305 Strand St is a 6-unit apartment building located in Santa Monica, CA (subject to rent control). This 5,742 SF building was built in 1959 and is situated on a 4,893 SF lot. Previously a 7-unit building that was converted to six (6) units, this property boasts a unit mix of one (1) massive 3-bed/4-bath owners unit, two (2) 2-bed/1.5-baths, and three (3) 1-bed/1-bath units. One of the 2-bath units and both singles have been fully renovated with granite/wood floors, new appliances, windows, and bathrooms. The 3-bed/4-bath is a huge 3-story owners unit, that could easily be converted back into two units, and features an elevator, 40 x 40 private deck with ocean view, solar panels, and heated floors. This beautifully landscaped property also contains twelve (12) parking spaces (6 garages), as well as plenty of street parking, and on-site laundry. This unbeatable location -- blocks from the beach, Santa Monica Pier, and 3rd St. Promenade -- coupled with the significant upside in market rent potential, make this a great turn-key investment opportunity! Listed by Brett Lyon, Lyon Stahl Investment Real Estate, Inc..

Description

MLS# SB18279597

305 Strand St is a 6-unit apartment building located in Santa Monica, CA (subject to rent control). This 5,742 SF building was built in 1959 and is situated on a 4,893 SF lot. Previously a 7-unit building that was converted to six (6) units, this property boasts a unit mix of one (1) massive 3-bed/4-bath owners unit, two (2) 2-bed/1.5-baths, and three (3) 1-bed/1-bath units. One of the 2-bath units and both singles have been fully renovated with granite/wood floors, new appliances, windows, and bathrooms. The 3-bed/4-bath is a huge 3-story owners unit, that could easily be converted back into two units, and features an elevator, 40 x 40 private deck with ocean view, solar panels, and heated floors. This beautifully landscaped property also contains twelve (12) parking spaces (6 garages), as well as plenty of street parking, and on-site laundry. This unbeatable location -- blocks from the beach, Santa Monica Pier, and 3rd St. Promenade -- coupled with the significant upside in market rent potential, make this a great turn-key investment opportunity! Listed by Brett Lyon, Lyon Stahl Investment Real Estate, Inc..

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
COMMON WALLS: No Common Walls
POOL: None
LAUNDRY: Gas & Electric Dryer Hookup, Washer Hookup
Exterior Features
LOT: Front Yard, Landscaped, Yard
Garage & Parking
PARKING SPACES: 6.00
GARAGE SPACES: 6.00
Community
COMMUNITY: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
UNITS TOTAL: 6
STORIES TOTAL: 2
Land
WATER: Public
LOT NUMBER: 5
TRACT NUMBER: 8604
ZONE: SMOP2*
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