Thompson Team Real Estate is proud to exclusively offer this exceptional 11-unit apartment building, presented for the first time in over 30 years and located just one minute from the ocean in one of Southern California’s most prestigious and highly sought-after beach communities. This rare coastal investment features a balanced unit mix of 5 two-bedroom/one-bath units, 5 one-bedroom/one-bath units, and 1 studio unit, with all units occupied except the studio, ensuring strong and stable tenancy. The property offers significant value-add benefits including 10 attached garage spaces with alley access, individually metered utilities for each unit, and no city rent control, giving investors flexibility and operational efficiency. With a pro forma cap rate of approximately 3% and an unparalleled location that guarantees consistent demand, this asset represents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of the best-performing coastal markets in Southern California.