INCREDIBLE 5.23 CAP AND 13.43 GIM WITH UPSIDE NEAR THE BEACH!!! One of the BEST priced properties in Santa Monica!! We are pleased to offer for sale an incredible multifamily asset located at 443 Bay Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1971, the building boasts an ideal unit mix consisting of very large 2 & 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a brand new roof, as well as an on-site laundry facility. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 1-bath units, and (3) 2-bed, 1-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units) and central HVAC (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to the beach and Main Street, this property is situated close to all SantaMonica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 443 Bay Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.
Property Details
Property Features
Property Information:
Year Built: 1971
Stories: 2
Living Area: 5,532 SqFt
Listing Office:
Office Name: Remax Commercial and Investment Realty
This property is $1.0M more than the Median Sold Price and $580/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #23333469
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Jonathan Taksa
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/5/2024, 7:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,394
$588,193
2020
$8,249
$581,925
2019
$7,747
$570,515
2018
$7,659
$559,329
2017
$7,659
$548,363
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
John Muir Elementary School
2526 6th St
Distance between this listing and this school0.41 miles
Public District Grades KG-5
Middle School
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school0.97 miles
Public District Grades 6-8
High School
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.12 miles
Public District Grades 9-12
Assigned Schools
6
/10
John Muir Elementary School
2526 6th St
Distance between this listing and this school0.41 miles
Public District Grades KG-5
Nearby Schools
6
/10
Will Rogers Elementary School
2401 14th St
Distance between this listing and this school0.84 miles
Public District Grades KG-5
5
/10
Westminster Avenue Elementary School
1010 Abbot Kinney Blvd
Distance between this listing and this school1.48 miles
Public Magnet Grades KG-5
Assigned Schools
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school0.97 miles
Public District Grades 6-8
Nearby Schools
9
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.35 miles
Public District Grades 6-8
6
/10
Mark Twain Middle School
2224 Walgrove Ave
Distance between this listing and this school2.37 miles
Public Magnet Grades 6-8
Assigned Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.12 miles
Public District Grades 9-12
Nearby Schools
3
/10
Animo Venice Charter High School
820 Broadway St
Distance between this listing and this school1.59 miles
Public Charter Grades 9-12
6
/10
Venice Senior High School
13000 Venice Blvd
Distance between this listing and this school2.46 miles
The neighbors living near this home have an average income of $67,724. Most Santa Monica, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 443 Bay St
What is the listing price of this property?
The listing price of 443 Bay St property is $2,875,000.
What type of property is this?
The property 443 Bay St is a house located in Santa Monica, California, 90405.
Is this property for sale now?
Active Listing: 443 Bay St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 443 Bay St are: John Muir Elementary School: GreatSchools Rating 6/10John Adams Middle School: GreatSchools Rating 7/10Santa Monica High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $8,394 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 443 Bay St has 13 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 443 Bay St is 5,532 SqFt (source: MLS/tax record).
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This home is located at 443 Bay St in Santa Monica, CA and zip code 90405 in the Ocean Park neighborhood. This 5,532 square foot home, which was built in 1971, sits on a 0.13 acre lot. Features: 13 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 28, 2023 and is currently priced at $2,875,000.
While more than 22 listings in Santa Monica, CA in April 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 21 were sold below. In April 2024 in Santa Monica, CA there were 24.5% more homes for sale than in March 2024. While the average time on the market in April 2024 was 29 days, the median list price was $1,789,833.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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