522-532 Idaho Ave
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522-532 Idaho Ave
6 Unit Block of Flats £2,721,093 (£453,515/Unit) 2.27% Net Initial Yield Santa Monica, CA 90403
Executive Summary
Located six blocks to famous Ocean Avenue, and one block from bustling Montana Avenue filled with retail and shops.
6 bungalow style Casitas with one owner user unit with large 600 Sq Foot front yard
Trophy asset. A+ plus plus location.
Separate meter for gas and electric
Each unit features two entrances and side patio
Huge potential upside in rents
New electrical throughout entire building.
New copper plumbing
Select units have been completely upgraded with hardwood floors, new windows, new kitchens, new cabinets, new vanity, new bathrooms, and recessed lighting
7500 ft.² corner lot potential development site
6 bungalow style Casitas with one owner user unit with large 600 Sq Foot front yard
Trophy asset. A+ plus plus location.
Separate meter for gas and electric
Each unit features two entrances and side patio
Huge potential upside in rents
New electrical throughout entire building.
New copper plumbing
Select units have been completely upgraded with hardwood floors, new windows, new kitchens, new cabinets, new vanity, new bathrooms, and recessed lighting
7500 ft.² corner lot potential development site
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,721,093 | Property Subtype | Apartment |
| Price Per Unit | £453,515 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 2.27% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 19.46 | Building Size | 3,360 SF |
| No. Units | 6 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1922 |
| Price | £2,721,093 |
| Price Per Unit | £453,515 |
| Sale Type | Investment |
| Net Initial Yield | 2.27% |
| Gross Rent Multiplier | 19.46 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,360 SF |
| Number of Floors | 1 |
| Year Built | 1922 |
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Den
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Walk Score ®
Very Walkable (84)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 4292-010-001 | Improvements Assessment | £319,728 |
| Land Assessment | £1,578,657 | Total Assessment | £1,898,385 |
PROPERTY TAXES
Parcel Number
4292-010-001
Land Assessment
£1,578,657
Improvements Assessment
£319,728
Total Assessment
£1,898,385
zoning
| Zoning Code | SMR2* |
| SMR2* |
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522-532 Idaho Ave
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