1401 Palisades Beach Road

1401 Palisades Beach Road, Santa Monica, CA 90401

Sale Price

$7,950,000

Investment Overview

Units

11

Year Built

1912

The Offering

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.

Investment 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