Address
500 California Avenue Santa Monica, CA
Price
$ 12,000,000
Property Attributes
  • MLS#20636306
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90403
  • Style
  • Price$ 12,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Adrienne Barr with Berkadia.
Property Description

500 California is a 23-unit legacy apartment building located in prime Santa Monica, just four blocks to iconic Ocean Avenue and Palisades Park. Offering an investor a rare opportunity to purchase irreplaceable real estate, this is the first time this property has been on the market in over 20 years. The property is walking distance to all of the shops, restaurants, and entertainment that downtown Santa Monica has to offer, including: the Third Street Promenade, trendy Montana Avenue, renowned Ocean Avenue, and the iconic Santa Monica Pier. Offering tremendous proximity to employment, Santa Monica is a thriving technology, media and entertainment hub, and an integral part of Silicon Beach. The property has a desirable unit mix of ten 1+1; twelve 2+1; and one single units. The two-story garden-style community has been well-maintained and offers an investor significant rental upside with a 4.7% cap at mkt. RENTS SHOWN ARE AVERAGES - Rent Roll available on website (see Pvt Remarks).

Price History
9/23/2020 Listed $12,000,000

General Features

Cooling None
Directions 500 California Avenue is situated in an incredible Santa Monica location
Listagentaor Beverly Hills/Greater LA
Listing Agent Adrienne Barr - BRE#01308753
Listing Agent State License 01308753
MLS Area C14 - Santa Monica
Parking Features Side by Side
Source System CRMLS
Special Listing Conditions Standard
Total Units 23
Zoning SMR2*

Interior Features

Total Stories 2

Exterior Features

Lot Size Acres 0.3400
Lot Size Area 15007.0000
Lot Size Square Feet 15007.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90403

Price
AVG $7.49M
$12M
Visits
AVG 61
88
Year Built
AVG 1960
1953
Walkscore
AVG 84
86
Data Provided by Walkscore ® not using MLS data

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