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$29,950,000
Est. payment /mo
38,781 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 38,781 sqft
Price per Sqft $772
MLS Listing ID CL25605467
HOA Y/N No
Year Built 1954
Lot Size 0.775 Acres
Acres 0.78
Property Sub-Type Other
Property Description
We are proud to present a generational opportunity to acquire two premier, extensively renovated apartment buildings in the coveted North of Wilshire neighborhood of Santa Monica: 1015 3rd Street and 1133 10th Street. Together, these assets total 46 units and offer investors the ability to establish a commanding rental presence in one of the most supply-constrained and high-barrier-to-entry markets in the country. 1015 3rd Street (25 units) and 1133 10th Street (21 units) have both undergone transformative renovations with no expense spared. Across both properties, the majority of units feature brand-new plumbing and electrical systems, split system air conditioning, fireplaces, in-unit washer/dryers, enhanced sound proofing on walls, floors, and ceilings, stainless steel appliances, new cabinetry, vanities, closets, and upgraded finishes throughout. The result is a portfolio of luxury residences designed to satisfy Santa Monica's most discerning tenant base. Situated just blocks from the Pacific Ocean, Montana Avenue's boutiques and cafes, and Santa Monica's renowned fine dining, shopping, and entertainment, the properties blend timeless courtyard-style architecture with state-of-the-art interiors, making them irreplaceable assets in one of Los Angeles' most sought after coastal
Location
State CA
County Los Angeles
Zoning SMR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 4292019014
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Listed by Jonathan Taksa • Remax Commercial and Investment Realty
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