Active

522 Idaho Ave

Santa Monica CA, 90403

$2,450,000


$729.17 per sqft

Active

6 Beds

6 Baths

3,360 sqft

Multi-family

Built in 1922

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.

23-269600

MLS ID

April 27, 2023

Listed

October 24, 2023

Updated

Map

522 Idaho Ave
Santa Monica CA, 90403

Interior Features

Bedrooms

6 Beds


Bathrooms

6 Baths


Fireplace

No


Cooling

Yes


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.17 acres


Exterior Features

None

Other Property Details

Days on Market

179


Garage

No


Parking

None


View

No


County

Los Angeles


Pool

No

Courtesy of Neema Ahadian with Marcus & Millichap
Listing Contact: 310-909-5444 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Feil Group | CA DRE# 01843291 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/24/2023

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