228 Idaho Ave - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$7,795,000 USD
818-933-0350
228 Idaho Ave, Santa Monica, CA for Sale
$7,795,000 USD
Apartments - FOR SALE
1/27
null | 5.07% Cap Rate

228 Idaho Ave
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Reposition and Renovation Opportunity
  • Prime Santa Monica Location (1 Block South of Montana)
  • 2 Blocks from Palisades Park and the 3rd Street Promenade (80 Walking Score)

OVERVIEW

The Idaho & 3rd Apartments are a well maintained 20-unit apartment community located in the primest of prime locations in Santa Monica, California. Set amid lush surroundings on a 15,006 square foot lot, the 15,640 square foot property offers studios, one- and two-bedroom apartment homes. Built in 1954, the property offers, a phenomenal rental location and superb freeway access. Highlights: * Renovation & Reposition Opportunity * Prime Prime Prime Location * Two Blocks From Palisades Park * 10%+ Upside in Rents on Current Condition

FOR SALE DETAILS

PRICE

$7,795,000 USD

PRICE/SF

$519 USD /SF

# OF UNITS

20

PRICE/UNIT

$389,750

CAP RATE

5.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

& 228 Idaho Ave., Santa Monica, CA 90403

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,006 SF

ZONING

SMR4YY

APN/PARCEL ID

4292-023-001

ASK ABOUT THIS PROPERTY

Warren BerzackLee & Associates Commercial Real EstateMore Info
818-933-0350

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

Warren BerzackLee & Associates Commercial Real EstateMore Info
818-933-0350

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