Year-One 4.76% Cap Rate!!! Central Realty Advisors Is pleased to present 724 Ashland Ave, a modern, fully renovated quadruplex conveniently located in prime Santa Monica, one of the highest demand apartment rental markets in the country. Built in 1956 and repositioned in 2019/2020, the complex offers an incredible unit mix of three newly complete 3 Bed/2 Bath units and one 2 Bed/1 Bath unit (delivered vacant after escrow, convertible to a 3 Bed/2 Bath like others). Designed by architect Michael Tersigni, each tailored home features wide plank white oak flooring, expansive windows, and custom LED lighting. Each kitchen is outfitted with Ceaserstone counters, Bertazzoni appliances, including dishwasher, and Moen hardware. Baths feature Duravit deep soaking tubs and rain showers. The property features a large patio/common area and ample parking & storage for all units. Located moments away from Santa Monica Beach and Pier, the Third St Promenade, and Venice, this meticulously maintained four-plex presents a rare opportunity for an investor to acquire a remodeled asset and finish the final unit to achieve a ~5.15% Cap Rate.