927 Ocean Ave - Apartments FOR SALE
Santa Monica, CA 90403 |
927 Ocean Ave
Santa Monica, CA 90403
HIGHLIGHTS
- RSVP & Confirm Tours - Open House will be available on 6/6, 6/13, 6/20 from 11 AM -2 PM. Final Open House on 6/24.
- 927 Ocean Avenue is a 16-unit multifamily asset with a historic designation currently entitled to four additional units.
- Prime Silicon Beach locale with a highly affluent and demanding renter pool, approximately 17 miles west of Los Angeles.
- Rare opportunity in an oceanfront Santa Monica locale with entitlements supporting the rehabilitation of a local landmark into 20 units.
- Substantial value-add via execution and delivery of additional units and bringing rents up to market value.
- One legacy tenant occupies a unit, generating income for new ownership while pursuing value-add rehabilitation.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Beach-Accessible 16-Unit MFR w/ Entitlements
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
7876
STORIES
2
YEAR BUILT
1922
PARKING SPACES
5
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
4292-026-018
