We are proud to present The Seaside, a tranquil retreat located in the charming beachside community of Ocean Park in the City of Santa Monica. Situated on the quiet residential street of Highland Ave., this unique property, which is just 6 blocks from the beach, offers an amazing opportunity and endless possibilities for either someone looking to call this property home or a seasoned investor.
*The property is not subject to Santa Monica Rent Control, allowing for 5% + CPI annual rent increases per AB 1482, was originally built in 1920 and in 1988, the construction of (2) detached apartment units and workshop was completed. Over the course of the last few years, the property has undergone extensive renovation to both the main home, as well as the apartment units.
This wonderful opportunity encompasses an impressive 3,802 sq ft. building and consists of a 4 Bedroom + 3 Bath Two-Story Single-Family Home with a private 106 sq ft. 3rd-floor rooftop terrace, as well as (2) detached 2-Bedroom apartment units averaging 895 sq ft. in a 3-story structure with the 4th floor consisting of a massive 628 sq ft. sundeck and lounge with partial views of the Pacific Ocean and surrounding city. *In addition, there’s a 1st floor, non-conforming studio unit that could be used as an office or potentially converted into a legal apartment unit.
Each of these fantastic units is individually metered for gas and electricity, and offers individual hot water heaters, further lowering utility costs, as well as an on-site laundry facility for tenants.
Though certain upgrades have been made, there is still a considerable amount of value to add to this incredible property, as well as a tremendous amount of rental income that has yet to be unlocked, making The Seaside an incredible opportunity.
(1) Four-Bedroom + Three-Bath House – 1,708 sq ft.
(1) Two-Bedroom + Two-Bath – 895 sq ft.
(1) Two-Bedroom + One-Bath – 895 sq ft.
(1) Studio + One-Bath (*Non-Conforming Unit) – 306 sq ft.
Santa Monica’s real estate market is characterized by high demand and limited supply, resulting in property values that are among the highest in the region.
*Buyer to Verify with the City of Santa Monica
*The property is not subject to Santa Monica Rent Control, allowing for 5% + CPI annual rent increases per AB 1482, was originally built in 1920 and in 1988, the construction of (2) detached apartment units and workshop was completed. Over the course of the last few years, the property has undergone extensive renovation to both the main home, as well as the apartment units.
This wonderful opportunity encompasses an impressive 3,802 sq ft. building and consists of a 4 Bedroom + 3 Bath Two-Story Single-Family Home with a private 106 sq ft. 3rd-floor rooftop terrace, as well as (2) detached 2-Bedroom apartment units averaging 895 sq ft. in a 3-story structure with the 4th floor consisting of a massive 628 sq ft. sundeck and lounge with partial views of the Pacific Ocean and surrounding city. *In addition, there’s a 1st floor, non-conforming studio unit that could be used as an office or potentially converted into a legal apartment unit.
Each of these fantastic units is individually metered for gas and electricity, and offers individual hot water heaters, further lowering utility costs, as well as an on-site laundry facility for tenants.
Though certain upgrades have been made, there is still a considerable amount of value to add to this incredible property, as well as a tremendous amount of rental income that has yet to be unlocked, making The Seaside an incredible opportunity.
(1) Four-Bedroom + Three-Bath House – 1,708 sq ft.
(1) Two-Bedroom + Two-Bath – 895 sq ft.
(1) Two-Bedroom + One-Bath – 895 sq ft.
(1) Studio + One-Bath (*Non-Conforming Unit) – 306 sq ft.
Santa Monica’s real estate market is characterized by high demand and limited supply, resulting in property values that are among the highest in the region.
*Buyer to Verify with the City of Santa Monica
Property Details
Price:
$2,995,000
MLS #:
SR24189485
Status:
Active
Baths:
0
Address:
3110 Highland Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Sep 11, 2024
State:
CA
ZIP:
90405
Lot Size:
4,838 sqft / 0.11 acres (approx)
Year Built:
1988
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Schools
Interior
Exterior
Community Features
Biking, Watersports
Garage Spaces
3.00
Lot Features
Garden
Parking Spots
3.00
Pool Features
None
Sewer
Public Sewer
Stories Total
4
Water Source
Public
Financial
Map
Community
- Address3110 Highland Avenue Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90405
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Courtesy of Equity Union. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3110 Highland Avenue
Santa Monica, CA
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