1916-1930 Arizona Ave - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$3,425,000 USD
808-652-3203
1916-1930 Arizona Ave, Santa Monica, CA for Sale
$3,425,000 USD
Apartments - FOR SALE
1/6
null | 4.62% Cap Rate

1916-1930 Arizona Ave
Santa Monica, CA 90404
Mid-City Santa Monica


OVERVIEW

9 Unit Apartment Building for sale by owner in the heart of Santa Monica! Positioned on a desirable corner lot with “Healthcare Mixed-Use” zoning. An excellent mix of unit formats, recent renovations, low vacancies, and desirable location make this property an excellent investment—providing both strong cash-flow and medical development potential. Investment Highlights: - Santa Monica Healthcare Mixed-Use zoning - Offered at strong CAP and low GRM - Low vacancy rate - Centrally located near retail, medical, schools, and entertainment corridors - Recent renovations to multiple units, below market rent with NOI growth potential

FOR SALE DETAILS

PRICE

$3,425,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

9

PRICE/UNIT

$380,556

CAP RATE

4.62%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

SMHMU

APN/PARCEL ID

4276-028-001

ASK ABOUT THIS PROPERTY

Alan HarrisGold Star RealtyMore Info
808-652-3203

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Alan HarrisGold Star RealtyMore Info
808-652-3203

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