2922 2nd St - Apartments FOR SALE


Santa Monica, CA 90405- Ocean Park
$2,950,000 USD
510-468-7404
2922 2nd St, Santa Monica, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/19
null | 5.78% Cap Rate

2922 2nd St
Santa Monica, CA 90405
Ocean Park


HIGHLIGHTS

  • WILL BE DELIVERED 100% VACANT, NO TENANT RELOCATION REQUIRED!
  • GREAT UNIT MIX COMPOSED OF ONE AND TWO-BEDROOM UNITS!
  • PROPERTY OFFERS ON-SITE PARKING FOR TENANTS

OVERVIEW

The building is 100% vacant, allowing immediate repositioning at market rents, an exceptional opportunity given Santa Monica’s rent control restrictions. This 3,441 square foot property features one and two bedroom units, on site parking, and separate gas and electric meters. Walkable to the beach, Urth Caffé, and Main Street amenities, the location offers lasting appeal for tenants and investors alike.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$857 USD /SF

# OF UNITS

5

PRICE/UNIT

$590,000

CAP RATE

5.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,988 SF

ZONING

SMOP2*

APN/PARCEL ID

4288-004-007

ASK ABOUT THIS PROPERTY

Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

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Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

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