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1401 Palisades Beach Road

1401 Palisades Beach Road,Santa Monica, CA 90401

1912

Year Build

$7,950,000

Price

Property Details

Current Cap Rate

Market Cap

Current GRM

Market GRM

25907 Oak Street

25907 Oak Street | Lomita, CA 90717

$10,750,000

Price per Unit

Property Details

Tyler Leeson

$10,750,000

Building Size

23,312 SF

Number Of Units

23

Cap Rate

3.69%

Total Lot Size

23,312 SF

Year Built

23

Number Of Units

23

Year Built

23

Description

Stepp Commercial is proud to present 1401 Palisades Beach Road, located on the beach of Santa Monica. Offering investors a once-in-a-lifetime, opportunity to reposition a 11-unit building with an attractive unit mix. Only steps away from the world famous Santa Monica Pier.

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 with stainless steel appliances. Plenty of space for al fresco dinning and relaxing.

Only blocks from bustling Santa Monica Boulevard and the Pacific Ocean, this desirable location earns 1401 Palisades Beach Road a Walk Score of 91. Tenants can easily enjoy the amenities of the Third Street Promenade boutique shops, dining and nightlife. Only a 15 Minute walk to the new Santa Monica Expo, allowing access to area’s all over LA County.

With it’s convenient Westside location Santa Monica is hub for world-class technology, e-commerce, media and entertainment companies such as Google, Facebook, Snapchat, Hulu, and Electronic Arts, among many others.

Highlights

  • Unparalleled Location with 91 on Walkscore.com
  • Rare opportunity to own on the sand in Santa Monica
  • Steps from world famous Santa Monica Pier and Third Street Promenade
  • Controlled access property with security cameras
  • Ocean facing patio with jacuzzi, outdoor kitchen with Viking Grill and ample seating
  • 4 Bed/1 Bath–owner/user opportunity
  • All units delivered vacant at close of escrow

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