CA > Santa Monica
Santa Monica, CA 90405,3110 Highland AVE
Santa Monica, CA 90405,3110 Highland AVE,Video Tour
Santa Monica, CA 90405,3110 Highland AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,895,000
Est. payment /mo
4,839 Sqft Lot
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UPDATED:

10/21/2024 09:05 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24189485

HOA Y/N No

Year Built 1988

Lot Size 4,839 Sqft

Property Description

We are proud to present The Seaside, a tranquil retreat located in the charming beachside community of Ocean Park in the City of Santa Monica. Situated on the quiet residential street of Highland Ave., this unique property, which is just 6 blocks from the beach, offers an amazing opportunity and endless possibilities for either someone looking to call this property home or a seasoned investor.

*The property is not subject to Santa Monica Rent Control, allowing for 5% + CPI annual rent increases per AB 1482, was originally built in 1920 and in 1988, the construction of (2) detached apartment units and workshop was completed. Over the course of the last few years, the property has undergone extensive renovation to both the main home, as well as the apartment units.

This wonderful opportunity encompasses an impressive 3,802 sq ft. building and consists of a 4 Bedroom + 3 Bath Two-Story Single-Family Home with a private 106 sq ft. 3rd-floor rooftop terrace, as well as (2) detached 2-Bedroom apartment units averaging 895 sq ft. in a 3-story structure with the 4th floor consisting of a massive 628 sq ft. sundeck and lounge with partial views of the Pacific Ocean and surrounding city. *In addition, there’s a 1st floor, non-conforming studio unit that could be used as an office or potentially converted into a legal apartment unit.

Each of these fantastic units is individually metered for gas and electricity, and offers individual hot water heaters, further lowering utility costs, as well as an on-site laundry facility for tenants.

Though certain upgrades have been made, there is still a considerable amount of value to add to this incredible property, as well as a tremendous amount of rental income that has yet to be unlocked, making The Seaside an incredible opportunity.

(1) Four-Bedroom + Three-Bath House – 1,708 sq ft.

(1) Two-Bedroom + Two-Bath – 895 sq ft.

(1) Two-Bedroom + One-Bath – 895 sq ft.

(1) Studio + One-Bath (*Non-Conforming Unit) – 306 sq ft.

Santa Monica’s real estate market is characterized by high demand and limited supply, resulting in property values that are among the highest in the region.

*Buyer to Verify with the City of Santa Monica
**All material presented herein is intended for discussion purposes only. It is the sole responsibility of the Buyer to conduct their own due diligence as to the accuracy of the information contained herein and the Seller nor their agents make any warranties expressed or implied

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMOP2*

Interior

Fireplace No

Laundry Common Area

Exterior

Garage On Site

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Water Sports

Total Parking Spaces 4

Private Pool No

Building

Lot Description Garden

Story 4

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4287037029

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Raymond Rodriguez • Equity Union • 818-581-5829

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