821 3rd St - Apartments FOR SALE
Santa Monica, CA 90403 |
821 3rd St
Santa Monica, CA 90403
HIGHLIGHTS
- 27 Unit luxury apartment community just three blocks from Santa Monica Beach
- Exemplary, upgraded units—ranging from 766 to 1,390 square feet
- The property has recently undergone significant building improvements
- An astute Buyer can achieve 46% rental upside and a Pro Forma cap rate of 6.44% through strategic renovations
- 67% of units are fully renovated with a quality exceeding the competitive market set, all fully leased within 45 days
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
The Alyce
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
28485
STORIES
3
YEAR BUILT
1965
PARKING SPACES
27
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
4292-017-029
