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227 Beach St

Santa Monica, CA 90405
  • $12,995,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 22-146845
UPDATED: 13 min ago
$12,995,000
  • 13
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,292
    SQFT
  • $2,065
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127878829
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227 Beach St Santa Monica, CA 90405

  • Price: $12,995,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 13 min ago
  • MLS #: 22-146845
13
Beds
0
Baths
0
½ Baths
0.26
Acres
6,292
SQFT
$2,065
$/SQFT
1924
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
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

Cross Streets Ocean Park Blvd And 2nd Street Direction Faces West Entry Location Ground Level W/Steps Exterior Construction Stucco Levels Ground Level Lot Description SidewalksLandscapedFenced Lot Location Corner Lot Lot Size Area 11290 Other Structures None Parking Garage None Patio Features Patio OpenDeck(S) Pool Description None Pool YN No Roof FlatRolled/Hot Mop Spa None Spa YN No Sprinklers Sprinkler System Style Spanish Tennis Court None Total Parking 0 View Description Courtyard View YN Yes Water Frontage None

Interior Features

Bathroom Features Shower StallTileRemodeledLow Flow Toilet(S) Baths Total 13.00 Bedroom Features Master Bedroom Common Walls Attached Cooking Appliances Cooktop - GasOven-Electric Cooling Air Conditioning Den No Dining Room No Equipment Built-InsGarbage DisposalDryerFreezerCeiling FanDishwasherRefrigeratorRange/OvenHood Fan Family Room No Fireplace Rooms None Flooring WoodCeramic Tile Foundation Details Raised Heating Central Interior Features Plaster WallsDrywall WallsOpen Floor PlanRecessed LightingBuilt-InsTurnkeyLaundry - Closet Stacked Kitchen Features RemodeledOpen To Family RoomGourmet KitchenQuartz Counters Laundry In Unit Laundry Equipment Own Rooms Breakfast BarPatio OpenLiving RoomPantry Water Heater Features GasTankless Windows Custom Window CoveringScreensDouble Pane Windows

Property Features

ADACompliance No Alley YN No Amenities None Assessed Total Value 5575450 Association Pet Rules Call Disability Access None Entry Floor Number 1 Gross Income 615348 Gross Operating Income 596888 Like Units1 1 Like Units2 10 Like Units3 2 Net Operating Income 468578.00 Number Of Buildings 4 Number Of Units 13 Owner Pays Water Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Fire And Smoke Detection SystemFire Rated DrywallFire SprinklersSmoke Detector Sewer In Connected And Paid Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricityCable Tv Total Annual Expense 128310 TVServices Cable Tv Type Of Units 13 Water Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smop2*

Listing provided courtesy of Daniel Pickart DRE#01914551 of Industry Partners.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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