1015 3rd St - Apartments FOR SALE
Santa Monica, CA 90403 |
1015 3rd St
Santa Monica, CA 90403
HIGHLIGHTS
- Generational opportunity to acquire two trophy multifamily assets totaling 46 units in a prestigious "North of Wilshire" Santa Monica location
- Both properties extensively renovated with luxury finishes and systems:new plumbing, new electrical, split system AC, fireplaces, in-unit washer/dryer
- Exceptional unit mix of 1-, 2-, and 3-bedroom floor plans, all designed to maximize natural light
- Prime location steps from the Pacific Ocean, Montana Avenue, and Santa Monica’s finest dining, retail, and cultural amenities
- Opportunity to establish a dominant rental footprint in one of the most supply-constrained and prestigious rental markets in Los Angeles
- Irreplaceable coastal real estate with high barriers to entry and limited future multifamily development potential
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
TWO Trophy Properties in A+ Locations
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
38871
STORIES
2
YEAR BUILT
1954
PARKING SPACES
45
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
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APN/PARCEL ID
4281-027-032,4292-019-014
