The Urbanna
- California
- Santa Monica
Property Information
- Address: 834 2nd Street
- City: Santa Monica
- State: California
- Zip Code: 90403
- Units: 15
- Price: $7,000,000
Property Financials
- Price per Unit: $466,667
- Price per SF: $528
- Current Cap Rate: 4.96%
- Market Cap Rate: 6.72%
- Current GRM: 13.14
- Market GRM: 11.86
Property Description
Highlights
- Prime North of Wilshire Santa Monica Location
- Two Blocks from the Beach and Palisades Park Offering an Exceptional Coastal Lifestyle
- Highly Walkable Location Near Montana Avenue Restaurants, Cafés, Shopping & Entertainment
- Select Units Offer Ocean Views, Providing Strong Rental Appeal and Premium Rental Pricing
- Updated Apartment Interiors with Quartz Countertops, Stainless Steel Appliances, Wood-Style Flooring and Contemporary Finishes
- Desirable Unit Mix with One-and Two-Bedrooms with Private Balconies and Large Windows
- Gated / Controlled-Access Property with On-Site Parking and Common Laundry Facilities
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