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Apartments For Sale • 7,200 SF
| Prime Santa Monica Investment | Located in one of the most sought-after rental markets, this well-maintained 1990 construction asset is very rare. |
| Recent Capital Improvements | Ownership has recently tented the property for termites, replaced the roof with a 15-year warranty, and upgraded units. |
| Strong Day-1 Return Upside | Priced at a 5.24% cap rate and 12.82 GRM on current income, with substantial rent growth potential and one unit vacant. |
| Favorable Rent Control Status | Four units are not subject to rent control; three units have a deed restriction until 2045. |
| Strong Unit Mix | Features six spacious 2-bedroom/2-bath units and one large 3-bedroom/2-bath unit, all with in-unit washer/dryer hookups. |
| Outstanding Parking | 13 subterranean parking spaces plus 3 single-car garages—an unmatched parking amenity in Santa Monica. |
| Total Expenses: | $81,183 USD |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles International | 18 min | - | 10.4 mi |
| Bob Hope | 34 min | - | 22.1 mi |
| Long Beach (Daugherty Field) | 37 min | - | 27.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 13 |
| Type: | Covered |
| Included in Rent: | Yes |
