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227 Beach Street

Santa Monica, CA 90405
  • $11,900,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: 22146845
Price Reduced
UPDATED: 91 min ago
$11,900,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Daniel Pickart of Industry Partners (310-395-5151)


Description

Very rarely does a multi-family asset of this quality, location, and finishing detail come to market. This is once in a generation opportunity to acquire a property reconstructed with all of the historical appreciation of the past details along with the luxury finishes that come with modern beachside living. 227 Beach Street offers the best of Ocean Park, a walkers paradise within steps to the best westside amenities that beach living has to offer. Only a block and a half from the sand. The property consist of thirteen (13) one bedroom one bathroom apartments with eleven (11) of them vacant. Each unit is well appointed with walnut flooring, Heath Ceramic tile in the kitchens and bathrooms, Bosch appliances including built in refrigerators, cooktops, and washer dryers. Nest thermostats control each units individual heating and air conditioning units, denim insulation used for best in class sound attenuation, custom built in cabinetry, Roman Clay troweled finished bathroom walls, built in closets, and pantry's. Every detail for luxury apartment living thought of! No expense spared in the rehabilitation of these historic landmarked bungalows at 227 Beach. Seller is in the process of applying for the Mills Act designation on the property with the city of Santa Monica, which if approved will reduce the amount of property tax

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127881258
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227 Beach Street Santa Monica, CA 90405

  • Price: $11,900,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 91 min ago
  • ID#: 22146845
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1924
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
Very rarely does a multi-family asset of this quality, location, and finishing detail come to market. This is once in a generation opportunity to acquire a property reconstructed with all of the historical appreciation of the past details along with the luxury finishes that come with modern beachside living. 227 Beach Street offers the best of Ocean Park, a walkers paradise within steps to the best westside amenities that beach living has to offer. Only a block and a half from the sand. The property consist of thirteen (13) one bedroom one bathroom apartments with eleven (11) of them vacant. Each unit is well appointed with walnut flooring, Heath Ceramic tile in the kitchens and bathrooms, Bosch appliances including built in refrigerators, cooktops, and washer dryers. Nest thermostats control each units individual heating and air conditioning units, denim insulation used for best in class sound attenuation, custom built in cabinetry, Roman Clay troweled finished bathroom walls, built in closets, and pantry's. Every detail for luxury apartment living thought of! No expense spared in the rehabilitation of these historic landmarked bungalows at 227 Beach. Seller is in the process of applying for the Mills Act designation on the property with the city of Santa Monica, which if approved will reduce the amount of property tax
Exterior Features

Architectural Style Spanish Construction Materials Stucco Direction Faces West Entry Location Ground Level W/Steps Foundation Details Raised Lot Features Landscaped Number Of Separate Electric Meters 13 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Roof Rolled/Hot Mop Spa Features None Spa YN No View Courtyard View YN Yes

Interior Features

Accessibility Features None Appliances DishwasherElectric OvenGas CooktopDisposalRefrigeratorDryer Fireplace Features None Fireplace YN No Flooring Wood Heating Central Heating YN Yes Interior Features Ceiling Fan(S)Open FloorplanRecessed Lighting Window Features Custom Covering(S)Double Pane WindowsScreens

Property Features

Additional Parcels YN No Association Fee 0 Buyer Financing Cash Disclosures Coastal ZoneHistoricalRent Control Gross Income 615348 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 468578 New Construction YN No Number Of Separate Gas Meters 13 Number Of Units Leased 2 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Security Features Fire Detection SystemFire Rated DrywallFire Sprinkler SystemSmoke Detector(S) Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 15348 Zoning Smop2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Daniel Pickart of Industry Partners (310-395-5151)