101-103 Strand St - Apartments FOR SALE


Santa Monica, CA 90405
$5,595,000 USD
310-720-9299
101-103 Strand St, Santa Monica, CA for Sale
$5,595,000 USD
Apartments - FOR SALE
1/19
null | 3.98% Cap Rate

101-103 Strand St
Santa Monica, CA 90405


HIGHLIGHTS

  • Prime OCEAN FRONT Santa Monica Beach Location
  • A rare opportunity for an Owner User to live at the beach with Ocean Views
  • Seller Financing up to 80% for 2 Years

OVERVIEW

101 - 103 Strand Street is a prime OCEAN FRONT Santa Monica Beach Location! A rare opportunity for an Owner User to live at the beach with Ocean Views and have rental income. Seller Financing up to 80% for 2 Years for qualified buyer. There are no comparable multifamily buildings this close to the beach with Ocean Views that have sold and few comparable rentals. Condo sales in the area that are even close to this location have a comparable average of $1245 Per Sq Ft plus homeowners dues averaging $1587. OWNER'S UNIT: Upstairs 2 Bedrooms & 2 Baths. Ocean Front Views from both Bedrooms & Front Patio. Real hardwood floors throughout. Tiled flooring and granite counter tops in kitchen and bathrooms. Dual paned windows. Stack washer/dryer & lots of closet space. Copper Plumbing. 3 of the 7 units have laundry in the units, the other units have space to add stack washer/dryers and there is a laundry room on site with machines that are owned. This rare 7 unit apartment building directly across from the beach on Ocean Avenue boasts stunning Ocean views, Sunsets and sits just above the sandy shores of Santa Monica Beach. Live the experience of beachfront living. Get right onto the beach bike path or walk to Main Street with great restaurants and shopping. PLEASE DO NOT DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$5,595,000 USD

PRICE/SF

$977 USD /SF

# OF UNITS

7

PRICE/UNIT

$799,286

CAP RATE

3.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,175 SF

ZONING

SMOP3

APN/PARCEL ID

4289-022-006

ASK ABOUT THIS PROPERTY

Francyne LambertLambert Investments IncMore Info
310-720-9299

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Francyne LambertLambert Investments IncMore Info
310-720-9299

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.