820 Bay St | Santa Monica, CA 90405
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- LoopNet Team
820 Bay St
Santa Monica, CA 90405
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Currently, One of Only Two 5+ Unit Apartment Buildings for Sale in Santa Monica That Are Not Under City Rent Control
- Upside Potential - Current Rents are 25% Below Market Value
- First Time on Market in 18 Years
- Ideal Coastal Location (Walk Score: 91) - 1.0 Mile from Santa Monica Pier, Surrounded by Major Employers & World-Class Lifestyle & Tourist Attractions
- 10% Rent Increases Can be Implemented at 4 of the 5 Units by the End of Q1 2023
- 1990 Construction
PROPERTY FACTS
| No. Units | 5 | Building Size | 6,786 SF |
| Property Type | Multifamily | Average Occupancy | 40% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1990 |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | R2, Santa Monica | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 6,786 SF |
| Average Occupancy | 40% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R2, Santa Monica |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+2 | 1 | $3,734 | 1,000 |
| 2+2 | 3 | $4,198 | 1,229 |
| 3+2 | 1 | $3,750 | 2,100 |
PROPERTY TAXES
| Parcel Number | 4284-002-007 | Improvements Assessment | $1,244,064 |
| Land Assessment | $1,421,790 | Total Assessment | $2,665,854 |
PROPERTY TAXES
Parcel Number
4284-002-007
Land Assessment
$1,421,790
Improvements Assessment
$1,244,064
Total Assessment
$2,665,854
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