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3110 Highland Avenue

Santa Monica, CA 90405

$2,995,000

List Price

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1988

calendar_month Built

Property Description

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

Listing Information

List Price $2,995,000
Status Active
MLS SR24189485
Type Residential Income
Subtype Triplex
Year Built 1988
Lot Size 4,838
Structure Size N/A
DOM 4
Courtesy Of Equity Union
Listing Agent Raymond Rodriguez DRE#01402283

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

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Listing information courtesy of: Raymond Rodriguez, Equity Union . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 15th, 2024 at 9:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.