Apartments For Sale • 33,942 SF
| Prime Coastal Location – Six blocks from the beach and steps to 3rd Street Promenade, Montana Avenue, and public transit |
| Spacious Units with Storage – Generous floor plans, ample closet space, and extra storage for tenants |
| Tenant-Friendly Amenities – 40 gated garage parking spaces, controlled-access entry, on-site laundry facilities, and elevator |
| Rental Upside – Value-add potential through interior upgrades and turnover in a high-demand rental market |
| Desirable Unit Mix – 27 units: (9) 1+1, (9) 1+1.5+Den, (7) 2+2, and (2) 2+2+Den. |
| Recent Capital Improvements – Roof replaced two years ago; balcony inspections completed |
| Cap Rate: | 4.72 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| All Security Lock & Key |
| Transit/Subway | Drive | Walk | Distance |
|---|---|---|---|
| Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 3 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Los Angeles International | 19 min | - | 9.2 mi |
| Bob Hope | 36 min | - | 23.7 mi |
| Long Beach (Daugherty Field) | 39 min | - | 29.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 40 |
| Type: | Covered |
| Included in Rent: | Yes |