We are pleased to offer for sale a nine-unit apartment community located at 301 Ashland Avenue. The subject property is located just three blocks from the beach, in an excellent Santa Monica location. Situated on a7, 729square foot parcel, the property is comprised of five one-bedroom units and four two-bedroom units with spacious layouts and offers 16 parking spaces. The property has undergone a comprehensive renovation program to the exterior, common area and majority of the interior units. 78% of the units feature stainless steel kitchen appliances, in-unit washer/dryer, central heat/AC, new flooring, new countertops, new bathrooms, new lighting and more. Exterior renovations include new windows in all units, new landscaping, new smooth stucco, new electric meters/panel, new front doors and more. The continued growth of the surrounding submarket along with the high-quality interior and exterior renovations makes 301 Ashland Avenue an excellent investment opportunity poised for long term stability.
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The average household income in
Santa Monica, CA
grew
from
$82,123
to
$86,084
in the past year. This data is an estimate based upon
46,358
households in
Santa Monica, CA. The chart below presents how household income is distributed in
Santa Monica, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Santa Monica, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Santa Monica, CA
equals
$3k+
, which is
more
than the national average.