1661 Appian Way - Apartments FOR SALE


Santa Monica, CA 90401- Downtown Santa Monica
$6,750,000 USD
310-968-5303
1661 Appian Way, Santa Monica, CA for Sale
$6,750,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

1661 Appian Way
Santa Monica, CA 90401
Downtown Santa Monica


OVERVIEW

Rarely does a coastal offering of this caliber ever come to market. Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 1661 Appian Way, an extraordinary opportunity to acquire a fully vacant, extensively renovated 12-unit apartment building positioned along Santa Monica’s iconic beachfront—right by the edge of the sand and within the city’s famed Hotel Row. With breathtaking ocean, pier, coastline, mountain, and city views from every unit—stretching from Palos Verdes to Malibu—this is a truly generational asset in one of Southern California’s most irreplaceable locations. The property features an ideal unit mix of six studios and six efficiency units, thoughtfully designed with highly functional layouts. A buyer has the rare option to combine a studio with an efficiency unit, creating exceptionally large onebedroom residences—a compelling strategy to further differentiate the asset and push long-term rental performance. Delivered 100% vacant, the building offers an immediate opportunity to set the highest market rents, eliminating any rent-control friction and allowing a new owner to capitalize on Santa Monica’s robust demand for luxury coastal rentals from day one.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$1,545 USD /SF

# OF UNITS

12

PRICE/UNIT

$562,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All Ocean View Units: Vacant Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,373 SF

ZONING

R4, Santa Monica

APN/PARCEL ID

4290-018-007

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.