Skip To Content

    2315 Kansas Ave

    Santa Monica, CA 90404
    • $1,799,777
    • STATUS: Active Under Contract
    • ON SITE: 16 days
    • MLS #: 21-757308
    Under Contract
    UPDATED: 49 min ago
    $1,799,777
    • 5
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,692
      SQFT
    • $487
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    OVER 60% upside in rents and one of the LOWEST COSTS OF ENTRY in Santa Monica. This charming 5-unit Santa Monica apartment complex is Perfect for an Owner-User, with a large 2-bedroom back house unit combined with 4 other rental units. Across the street from Whole Foods and close proximity to Santa Monica College (SMC), many restaurants, shopping, and cafes. If you are looking for a property at a low cost basis with tremendous upside potential, there is no better property in Santa Monica. Additionally, there are 4 garages that will be delivered vacant and can be rented for $250/month. Please do not disturb the tenants. All showings will be subject to an accepted offer. Property is NOT on the required soft story retrofit list in the City of Santa Monica.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T19:43:20.65. 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.markwiseproperties.com/homes/119020959
    Print Image

    2315 Kansas Ave Santa Monica, CA 90404

    • Price: $1,799,777
    • Status: Active Under Contract
    • Updated: 49 min ago
    • MLS #: 21-757308
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,692
    SQFT
    $487
    $/SQFT
    1930
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    OVER 60% upside in rents and one of the LOWEST COSTS OF ENTRY in Santa Monica. This charming 5-unit Santa Monica apartment complex is Perfect for an Owner-User, with a large 2-bedroom back house unit combined with 4 other rental units. Across the street from Whole Foods and close proximity to Santa Monica College (SMC), many restaurants, shopping, and cafes. If you are looking for a property at a low cost basis with tremendous upside potential, there is no better property in Santa Monica. Additionally, there are 4 garages that will be delivered vacant and can be rented for $250/month. Please do not disturb the tenants. All showings will be subject to an accepted offer. Property is NOT on the required soft story retrofit list in the City of Santa Monica.
    Exterior Features

    Lot Size Area 6720 Other Structures None Parking Garage None Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling None Equipment None Heating Wall Gas

    Property Features

    Assessed Total Value 485619 Gross Income 103536 Gross Operating Income 103536 Like Units1 1 Like Units2 3 Like Units3 1 Net Operating Income 60430.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 40000 Type Of Units 2+21+1 Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T19:43:20.65. 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.
     
    Logo
    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270