1045 Ocean Ave - Apartments FOR SALE
Santa Monica, CA 90403 |
1045 Ocean Ave
Santa Monica, CA 90403
HIGHLIGHTS
- OCEAN AVENUE location in Santa Monica; Considered as one of the best locations for an apartment in Southern California!
- NINE (9) out of twenty (20) units will be delivered vacant at close of escrow; 45% vacancy delivered!
- Walking distance to Santa Monica state beach, Santa Monica Pier, Downtown Santa Monica Third Street Promenade, Downtown Santa Monica Metrolink light
- Favorable unit mix for a rent control area; R3 zoning, surrounded by properties of much higher density
- Several units have ocean view, private deck area; 6 garage parking in the back
- Significant rental upside potential! High Proforma CAP Rate; Strong demographics of ±$143,040 average household income
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
20 units - 45% vacant - Ocean view apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
15005
STORIES
3
YEAR BUILT
1922
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
4292-027-011
