Ascent at 2512 Kansas | 2512 Kansas Ave
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Ascent at 2512 Kansas 2512 Kansas Ave
8 Unit Block of Flats £3,237,287 (£404,661/Unit) 5.80% Net Initial Yield Santa Monica, CA 90404
INVESTMENT HIGHLIGHTS
- Beautifully renovated 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
EXECUTIVE SUMMARY
The Brander Investment Group of Miller & Desatnik Realty Corp is pleased to present
The Kansas Eight 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 (2) Three Bedroom
Two Bathroom Units, (5) Three Bathroom One and One Half Bathroom Town-home
Units and (1) One Bedroom One Bathroom Loft Unit. The subject property is
individually metered for gas and electricity and has garage or covered parking for
each unit.
The astute investor will quickly recognize that The Kansas Eight 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 Eight 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 (2) Three Bedroom
Two Bathroom Units, (5) Three Bathroom One and One Half Bathroom Town-home
Units and (1) One Bedroom One Bathroom Loft Unit. The subject property is
individually metered for gas and electricity and has garage or covered parking for
each unit.
The astute investor will quickly recognize that The Kansas Eight 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 | £3,237,287 | Property Subtype | Apartment |
| Price Per Unit | £404,661 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5.80% | Lot Size | 0.28 AC |
| Gross Rent Multiplier | 11.63 | Building Size | 9,052 SF |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Price | £3,237,287 |
| Price Per Unit | £404,661 |
| Sale Type | Investment |
| Net Initial Yield | 5.80% |
| Gross Rent Multiplier | 11.63 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,052 SF |
| Number of Floors | 2 |
| Year Built | 1957 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 2 | £3,432 | 1 |
| 3+1.5 | 5 | £2,329 | 1 |
| 1+1 | 1 | £2,711 | 1 |
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Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 4274-007-014 | Improvements Assessment | £902,923 |
| Land Assessment | £2,483,942 | Total Assessment | £3,386,866 |
PROPERTY TAXES
Parcel Number
4274-007-014
Land Assessment
£2,483,942
Improvements Assessment
£902,923
Total Assessment
£3,386,866
ZONING
| Zoning Code | R2 (Low Density Residential) |
| R2 (Low Density Residential) |
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Ascent at 2512 Kansas | 2512 Kansas Ave
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