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$ 749,000
Est. payment | /mo
2 Beds
2 Baths
992 SqFt
$ 749,000
Est. payment | /mo
2 Beds
2 Baths
992 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 992 sqft
Price per Sqft $755
MLS Listing ID CL26638989
Bedrooms 2
Full Baths 2
HOA Fees $719/mo
HOA Y/N Yes
Year Built 1964
Lot Size 7,496 Sqft
Acres 0.1721
Property Sub-Type Condominium
Property Description
RARE SANTA MONICA OPPORTUNITY -- BUY BEFORE THIS BUILDING POTENTIALLY UNLOCKS ITS FULL VALUE! Offered at $749,000, this beautiful 2-bedroom, 2-bath corner condo in coveted Wilshire/Montana combines an exceptional coastal lifestyle, a well-funded HOA and unusual potential for appreciation. The seller owns five of this 11-unit building's residences and is offering all five individually to separate buyers. As ownership concentration decreases, a major obstacle to conventional financing may be resolved, potentially opening the building to a much larger buyer pool. The listing broker estimates that restored financing eligibility could support a 15-30% increase in market value. PRIME NORTH-OF-WILSHIRE LOCATION! Enjoy the best of Santa Monica just moments from Montana Avenue's chic boutiques, coffee shops, acclaimed restaurants and neighborhood markets. Blocks to iconic Palisades Park for Pacific Ocean sunsets, spend afternoons at the beach, or explore nearby parks and Third Street Promenade. Highly regarded local schools add to the appeal. This is the quintessential Santa Monica lifestyle, with dining, shopping and coastal recreation close to home. PRIVATE CORNER RESIDENCE! Approximately 1,000 square feet, Unit 5 (also known as 2B) is a north-facing corner home on the quieter side of the complex, with limited shared walls for added privacy. The spacious living room opens through oversized sliding glass doors to a wide, covered private balcony overlooking leafy neighborhood surroundings. Light wood-look flooring and crisp white walls create a bright, inviting feel. A separate dining area provides room to entertain. The kitchen features white cabinetry, light countertops, stainless steel refrigerator, gas range and a window above the sink. Both bedrooms have generous closets; bathrooms feature white vanities and glass-enclosed bathing areas with subway tile. A WELL-RUN, WELL-FUNDED HOA! This intimate 11-residence building has been recently repainted and nicely updated, with consistent maintenance and attractive common areas inlcuded major deferred maintanance projects completed. Reported reserves are over 58% funded, with annual reserve contributions exceeding 15% of budgeted assessments. Buyers can appreciate the building's excellent reported financial position and proactive upkeep. Amenities include elevator access, underground parking, shared laundry and bicycle storage.LIVE HERE OR INVEST! The desirable two-bedroom layout, prime Montana Avenue location and pro
Location
State CA
County Los Angeles
Zoning SMR2*
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), None
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Common Area
Exterior
Pool None
View Y/N true
View City Lights, Trees/Woods
Total Parking Spaces 1
Private Pool false
Building
Story 1
Architectural Style Contemporary
Level or Stories One Story
New Construction No
Others
Tax ID 4281035059
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Listed by Brian Maser • The Condo Experts
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