605 San Vicente Blvd - Apartments FOR SALE
Santa Monica, CA 90402 |
605 San Vicente Blvd
Santa Monica, CA 90402
HIGHLIGHTS
- 30 Unit multifamily community including 56, first floor gate parking spaces
- Five units have been remodeled to feature stainless steel appliances, quartz countertops, mini-split HVAC systems , new cabinetry and finishes, walk
- Property comes with 10 vacant units, five of which are not renovated allowing new owner to immediately upgrade and capture market rents
- Opportunity to achieve over 62% rental upside by continuing renovations to remaining units once vacated
- Community rec room can either be remodeled into various amenities, including a gym, business center, and/or community room, or converted into an ADU
- Favorably positioned in world-renowned Santa Monica—one of the most sought-after multifamily rental markets in the country
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
41832
STORIES
3
YEAR BUILT
1973
PARKING SPACES
30
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
4293-001-031
