858 3rd Street, Santa Monica, CA 90403

$14,500,000
22,700
SqFt
List Price
$14,500,000
MLS#
19490948
Living Sq. Ft
22,700
Lot Size
22,527
Property Type
Multifamily
Status
Active

Property Description

Rents shown are Averages; Detailed rent roll available on PROPERTY WEBSITE (see private remarks). 858-860 3rd Street Highlights: Irreplaceable Santa Monica location; three blocks to beach. Tremendous rental upside - 5.3% cap at market. Rare opportunity - first time on market in 30 years; 22,500~ SF double, corner lot (courtyard style); Desirable unit mix of 14 one bedrooms and 14 two bedrooms; Walk to Shops, Dining on Montana Avenue and 3rd Street Promenade. Additional APN: 4292-024-011.

Additional Information

Units
28
Net Operating Income
$379,655
Total Parking Spaces
24
Year Built
1954
View
Appliances
Refrigerator
Heat
Wall Heater
Cooling
Wall Unit(s)

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Berkadia, Adrienne Barr.

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