2216 Main St - Apartments FOR SALE


Santa Monica, CA 90405- Ocean Park
$6,799,000 USD
310-892-2244
2216 Main St, Santa Monica, CA for Sale
$6,799,000 USD
Apartments - FOR SALE
1/53
null | Request Cap Rate

2216 Main St
Santa Monica, CA 90405
Ocean Park


HIGHLIGHTS

  • High-quality construction and unit mix
  • NOT subject to local Santa Monica rent control
  • Significant rental upside with market alignment
  • Prime Main Street location just blocks from the beach
  • Stable in-place income with clear value-add potential

OVERVIEW

Call to discuss - Mixed Use - 7 units above Ground floor retail Barber Shop Thank you for your interest in 2216 Main Street in Santa Monica. We’ve received strong early interest in the property and are moving toward a formal call for offers. As you’ve likely seen, this is a rare opportunity to acquire a 2007-built asset not subject to local Santa Monica rent control, allowing for significantly greater operational flexibility. The property is governed by statewide rent regulations (AB 1482), which still permits meaningful annual rent growth and value realization. The property offers a compelling combination of: * High-quality construction and unit mix * Significant rental upside with market alignment * Prime Main Street location just blocks from the beach * Stable in-place income with clear value-add potential **Offer Guidelines:** * Please submit your offer as soon as possible * Include purchase price, proof of funds, and financing terms (if applicable) * Indicate your proposed timeline for due diligence and closing We are prioritizing **clean offers with strong execution certainty**, and ownership is prepared to move quickly with the right buyer. If you would like access to additional information or to schedule a tour, feel free to reach out directly.

FOR SALE DETAILS

PRICE

$6,799,000 USD

PRICE/SF

$484 USD /SF

# OF UNITS

8

PRICE/UNIT

$849,875

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silicon Beach Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

cm

APN/PARCEL ID

4289-022-017

ASK ABOUT THIS PROPERTY

Lee JohnsonWest Realty GroupMore Info
310-892-2244

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Lee JohnsonWest Realty GroupMore Info
310-892-2244

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