Active

522 Idaho Avenue

Santa Monica CA, 90403

$2,450,000


$729.17 per sqft

Active

6 Beds

6 Baths

3,360 sqft

Multi-family

Built in 1922

Listed by Neema Ahadian with Marcus & Millichap 213-943-1800

522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica.. Located in the highly desirable, Wilshire/Montana neighborhood, the subject property is just one block south of Montana Avenue & only five blocks from Ocean Avenue. The majority of the units are leased at below market rents, providing an investor the opportunity to capture 35% rental upside as units turn. 522-532 Idaho Ave is situated on the corner of a quiet, tree-lined street. The property is separately metered for electric and will be delivered with one vacancy.Santa Monica is one of the most sought-after rental markets in all of Los Angeles. Located just below Brentwood, this booming area is home to young professionals and families alike. Companies such as Activision Blizzard, Universal Music Group, Snap, and Lionsgate attract top talent to this neighborhood.. Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views.

23269600

MLS ID

April 27, 2023

Listed

October 24, 2023

Updated

Map

522 Idaho Avenue
Santa Monica CA, 90403

Interior Features

Total Stories

1


Bedrooms

6 Beds


Bathrooms

6 Baths


Appliances

Refrigerator


Fireplace

No


Cooling

Yes


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.17 acres

Other Property Details

Days on Market

179


Garage

No


Parking

None


View

No


County

Los Angeles


Pool

No

Listing Contact: 213-943-1800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/24/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/24/2023 at 6:41 AM UTC

 

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