Santa Monica, CA Multi-Family Commercial Real Estate
2 results
Address
Asking Price
10th Street Apartments
1224-1228 10th St.
Downtown/Third Street Promenade, Santa Monica, CA
Lot Size:0.34Acres
$300,000 (~5%) PRICE REDUCTION! SVN is pleased to present an opportunity to acquire two adjacent apartment buildings with a combined 15 units consisting of all 1 Bedroom/1 Bath apartments. The subject property is situated on a double lot located just south of Wilshire Boulevard with approximately 15,026 lot SF, zoned R3 in the heart of Santa Monica. Subsequently, the property offers an Investor the opportunity to create additional value by rehabbing the existing units to achieve market rents with over 25% upside in rent growth. Alternatively, the current Owner has undergone though an entitlement process for 13 luxury condo units pre-approved by the city of Santa Monica for a Developer to build in the near future. 1224 10th Street is built in 1951 with (5) 1 bedroom/1 bath units each with a private outdoor patio space averaging 453 SF per unit. 1228 10th Street is a 2-story walk-up apartment building built in 1958 and is comprised of (10) 1 bedroom units averaging 788 SF per unit. SVN is pleased to present an opportunity to acquire two adjacent apartment buildings with combined 15 units consisting of all 1 bedroom/1 bath apartments. The subject property is situated on a double lot located just south of Wilshire Boulevard with approximately 15,026 lot SF, zoned R3 in the heart of Santa Monica. Subsequently, the property offers an Investor the opportunity to create additional value by rehabbing the existing units to achieve market rents with over 25% upside in rent growth. Alternatively, the current Owner has undergone though an entitlement process for 13 luxury condo units pre-approved by the city of Santa Monica for a Developer to build in the near future. 1224 10th Street is built in 1951 with (5) 1 bedroom/1 bath units each with a private outdoor patio space averaging 453 SF per unit. 1228 10th Street is a 2-story walk-up apartment building built in 1958 and is comprised of (10) 1 bedroom units averaging 788 SF per unit.
$5,850,000
Entitled Residential Renovation Project - SFR + Duplex
1419 Franklin St
Mid-City, Santa Monica, CA
Lot Size:0.17Acres
Prime Santa Monica location just south of Santa Monica Boulevard. SVN - Rich Investment Real Estate is pleased to present a fully entitled renovation project to add 4,254 SF to an existing house with two attached units located on 1419 Franklin Street Santa Monica, CA 90404. The subject property currently consists of a 2 bedroom/1 bath single family residence and a duplex with (2) 1 bedroom/1 bath units at a combined existing building size of 2,052 SF. Property will be delivered with Ready-To-Issue (RTI) permits and city approved plans to expand each unit to a combined building size of 6,306 SF. Each unit will feature it's own separate entrance, private backyard/outdoor yard, sundeck, and a 2-car garage. The modern architectural design offers an owner/user or developer to build a sleek high-end luxury dream home with additional two (2) 3 bedroom, 2 bath units to rent out for additional income without any affordable restrictions. The improved SFR will contain approximately 2,897 SF & the units in the rear will contain approximately 3,409 SF (1,704 SF/unit). Located directly south of Santa Monica Boulevard, the property is conveniently located within walking distance to myriad of scrumptious eateries, coffee shops, bars, and local retail shops. With a walk-shore of 91 out of 100, the property offers residence a walker's paradise.
$2,295,000
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Market Stats
Santa Monica has 499 commercial real estate spaces for lease, representing 2,062,028 sqft space.
114 buildings are available for sale.
In the past 30 days, Santa Monica has had 17 spaces leased.
Metropolitan areas near Santa Monica, CA
Counties near Santa Monica, CA
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