NOT LISTED FOR SALE

522 Idaho Ave Santa Monica, CA 90403

Wilshire Montana Neighborhood
6 Beds
6 Baths
3,360 Sq Ft
7,480 Sq Ft Lot

Last Sold December 01, 2023

Last sale price $2,375,000 $707 Per Sq Ft

218 Days on Market

About This Home

As of December 2023

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.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 04/27/2023

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 04/27/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,480

Interior Spaces

  • 3,360 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • 7,480 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4292-010-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3360
  • Lot Acreage: 0.1717
  • Year Built: 1922
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 729.17

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 24.62
  • Assessed Improvement Value: 633670
  • Assessed Land Percent: 75.38
  • Assessed Land Value: 1939612
  • Total Assessed Value: 2573282
  • Assessor Parcel Number: 4292-010-001
  • Lot Size Area: 7480

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.39
  • Number Of Units: 6
  • Total Annual Expense: 47667
  • Type Of Units: apartments
  • Vacancy Rate: 1

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $2,375,000 -3.1% $707 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $2,450,000 -- $729 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    88 Total Sales

    Neema Ahadian
    Section Image
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Map

Source: The MLS

MLS Number: 23-269600

The MLS
California Los Angeles County Santa Monica 90403 Wilshire Montana

522 Idaho Ave, Santa Monica, CA

This home is located at 522 Idaho Ave, Santa Monica, CA 90403 since 27 April 2023. This property was built in 1922. 522 Idaho Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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