Ascent at 2428 Kansas | 2428 Kansas Ave
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Ascent at 2428 Kansas 2428 Kansas Ave
7 Unit Block of Flats £2,267,653 (£323,950/Unit) 5.06% Net Initial Yield Santa Monica, CA 90404
Investment Highlights
- Beautifully renovated, Newly Painted Exterior Sunset Park, Santa Monica property
- Most units feature meaningful outdoor spaces & have been substantially renovated throughout
- Close proximity to Pico Blvd shops & restaurants, Santa Monica College, Santa Monica Beach, Major Employment Centers & Bergamont Station
- Favorable unit mix with spacious floor plans
- Seismic work completed
- Seller Will Consider Carrying Back the First Trust Deed, Amount & Terms to be Determined
Executive Summary
The Brander Investment Group of Miller & Desatnik Realty Corp is pleased to present
The Kansas Seven Residences. The subject property is located within close walking
distance to many of Santa Monica's great shops & restaurants, corporate campuses,
Bergamont Station, as well as other public transportation, providing residents
automobile-free access to all of Greater Los Angeles. The subject property sits on a
quiet, tree lined street, and offers an attractive unit mix featuring a fully renovated
Three Bedroom, Two Bathroom unit with an enclosed yard. The remaining six units
are comprised of (6) Two Bedroom, One Bathroom Units, two of which are
renovated very nicely. The subject property is individually metered for gas and
electricity and has covered parking for each unit.
The astute investor will quickly recognize that The Kansas Seven Residences provides
its occupants well-appointed housing in a warm, secure setting, and a walk
anywhere easily location. This is a unique opportunity to own a charming, desirable,
Westside located Santa Monica asset. Santa Monica is known for its superior climate,
great night life, cultural diversity, walk-ability and beaches.
The Kansas Seven Residences. The subject property is located within close walking
distance to many of Santa Monica's great shops & restaurants, corporate campuses,
Bergamont Station, as well as other public transportation, providing residents
automobile-free access to all of Greater Los Angeles. The subject property sits on a
quiet, tree lined street, and offers an attractive unit mix featuring a fully renovated
Three Bedroom, Two Bathroom unit with an enclosed yard. The remaining six units
are comprised of (6) Two Bedroom, One Bathroom Units, two of which are
renovated very nicely. The subject property is individually metered for gas and
electricity and has covered parking for each unit.
The astute investor will quickly recognize that The Kansas Seven Residences provides
its occupants well-appointed housing in a warm, secure setting, and a walk
anywhere easily location. This is a unique opportunity to own a charming, desirable,
Westside located Santa Monica asset. Santa Monica is known for its superior climate,
great night life, cultural diversity, walk-ability and beaches.
Property Facts
| Price | £2,267,653 | Apartment Style | Low Rise |
| Price Per Unit | £323,950 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Net Initial Yield | 5.06% | Building Size | 5,678 SF |
| Gross Rent Multiplier | 12.77 | Number of Floors | 1 |
| No. Units | 7 | Year Built | 1952 |
| Property Type | Residential | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Apartment |
| Price | £2,267,653 |
| Price Per Unit | £323,950 |
| Sale Type | Investment |
| Net Initial Yield | 5.06% |
| Gross Rent Multiplier | 12.77 |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,678 SF |
| Number of Floors | 1 |
| Year Built | 1952 |
| Parking Ratio | 1.23/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Storage Space
- Ceiling Fans
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | £1,742 | 1 - 1,625 |
| 3+2 | 1 | £3,533 | 1 |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Biker's Paradise (93)
zoning
| Zoning Code | R2, Santa Monica (Low Density Residential) |
| R2, Santa Monica (Low Density Residential) |
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Ascent at 2428 Kansas | 2428 Kansas Ave
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