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1401 Palisades Beach Rd

Santa Monica, CA 90401
  • $7,250,000
  • STATUS: Active
  • ON SITE: 135 days
  • MLS #: 21-685982
$7,250,000
  • 9
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,780
    SQFT
  • $1,517
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:
Area:

School Ratings & Info

Description

1401 Palisades Beach Rd is located on the sand of Santa Monica Beach. Offering investors a once-in-a-lifetime opportunity to reposition a 11-unit building with an attractive unit mix. Steps from world famous Santa Monica Pier, 3rd Street Promenade and Montana Avenue. The property has 1920s charm with modern updates, hardwood flooring, lots of natural light and breathtaking ocean views. The large beach front patio has a fully functioning kitchen including Viking grill and stainless steel appliances. Only blocks from bustling Santa Monica Blvd and the Pacific Ocean, this desirable location earns a Walk Score of 91. Tenants can enjoy the amenities of Third Street Promenade boutique shops, dining and nightlife. 15 minute walk to the new Santa Monica Expo, allowing access to areas all over LA County. With it's convenient Westside location Santa Monica is hub for world-class tech, e-commerce, media & entertainment companies. Delivered vacant with 22 parking spaces.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/113827598
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1401 Palisades Beach Rd Santa Monica, CA 90401

  • Price: $7,250,000
  • Status: Active
  • MLS #: 21-685982
9
Beds
0
Baths
0
½ Baths
0.11
Acres
4,780
SQFT
$1,517
$/SQFT
1912
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
1401 Palisades Beach Rd is located on the sand of Santa Monica Beach. Offering investors a once-in-a-lifetime opportunity to reposition a 11-unit building with an attractive unit mix. Steps from world famous Santa Monica Pier, 3rd Street Promenade and Montana Avenue. The property has 1920s charm with modern updates, hardwood flooring, lots of natural light and breathtaking ocean views. The large beach front patio has a fully functioning kitchen including Viking grill and stainless steel appliances. Only blocks from bustling Santa Monica Blvd and the Pacific Ocean, this desirable location earns a Walk Score of 91. Tenants can enjoy the amenities of Third Street Promenade boutique shops, dining and nightlife. 15 minute walk to the new Santa Monica Expo, allowing access to areas all over LA County. With it's convenient Westside location Santa Monica is hub for world-class tech, e-commerce, media & entertainment companies. Delivered vacant with 22 parking spaces.
Exterior Features

Lot Size Area 4763 Other Structures None Parking Garage None Spa Hot Tub Spa YN Yes Total Parking 0

Interior Features

Baths Total 11.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 5598098 Gross Income 426000 Gross Operating Income 427800 Like Units1 1 Like Units2 5 Like Units3 5 Net Operating Income 281965.00 Number Of Buildings 2 Number Of Units 11 Sale Type Standard Security Features GatedCard/Code Access Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 128723 Type Of Units Apartments Year Built Source Seller Zoning Smr2b*

Listing provided courtesy of Kimberly Roberts Stepp DRE#01251767 of Stepp Commercial.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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