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PENDING

423 Ashland Avenue, Santa Monica, CA 90405$2,925,000

11
beds
11
baths
5120
ft2
· 7021
ft2 lot
$571 / ft2

Listing provided courtesy of Barak Cassilly, RE/MAX ESTATE PROPERTIES
Source CRMLS;
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Call for offers: 1/12/22. We are pleased to present 423 Ashland Ave, a 6 unit value-added multifamily asset located in Santa Monica's Pacific Park. The units are comprised of five, townhouse style (2 + 1's) and one (1 + 1). With soft story retrofit complete, the property is ready for a new owner to see safe and consistent returns with mountains of rental upside potential. The property is priced attractively to generate interest from highly qualified and sophisticated investors. This property is part of a four-property portfolio that may be sold individually, in part or together.

HOA

$0/month

On market

3 months

Year built

1960

Property type

Multi-Family

Parking

13

MLS

21795116

Price / Sq.Ft.

$571 / ft2

Status

Pending

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Home details for 423 Ashland Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included, Community
•   
Appliances: Dishwasher, Microwave, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Interior Features
•   
Interior Features: Ceiling Fan(s)
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Flooring
•   
Flooring: Wood
Interior Size
•   
Building Area Total: 5120.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Carport
•   
Carport Spaces: 4.00
Building Info
•   
Zoning: SMOP2*
•   
Roof: Composition
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Lot Info
•   
Lot Size Acres: 0.1612
•   
Lot Size Area: 7021.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 186792.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 62062.00
•   
Gross Multiplier: 15.66
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 186792.00
•   
Tax Year: 2021
•   
Taxes: 23070.45
Lease Info
•   
Net Operating Income: 124730.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 2900.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 2900.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1081.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 1081.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2500.00
•   
Unit 1 Total Rent: 2500.00
Unit 4 Information
•   
Unit 4 Actual Rent: 3119.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 3119.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 3287.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 3287.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 2687.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 2687.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 2
•   
Unit 6 Bathrooms: 2
School Neighborhood & Directions
School Info
•   
Directions: 423 Ashland Ave, Santa Monica, CA 90405
Other
Calculation
•   
Dom: 89

Neighborhood snapshot

38
Properties for sale
12
Median days on market
$1031.92
Median sold price/sqft
101.10%
Sold/List %
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Property History for 423 Ashland Avenue

01/11/2022
01/11/2022
CRMLS #21795116
pending
CRMLS #21795116
$2,925,000
10/14/2021
10/14/2021
CRMLS #21795116
active
CRMLS #21795116
$2,925,000
+497.49%
12/04/2007
12/04/2007
Public Record
sold
Public Record
$489,546
--51.05%
04/22/2002
04/22/2002
Public Record
sold
Public Record
$1,000,000

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