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1015 3rd St
Santa Monica, CA 90403
TWO Trophy Properties in A+ Locations · Multifamily Property For Sale
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46 Units
Investment Highlights
- Generational opportunity to acquire two trophy multifamily assets totaling 46 units in a prestigious "North of Wilshire" Santa Monica location
- Exceptional unit mix of 1-, 2-, and 3-bedroom floor plans, all designed to maximize natural light
- Opportunity to establish a dominant rental footprint in one of the most supply-constrained and prestigious rental markets in Los Angeles
- Both properties extensively renovated with luxury finishes and systems:new plumbing, new electrical, split system AC, fireplaces, in-unit washer/dryer
- Prime location steps from the Pacific Ocean, Montana Avenue, and Santa Monica’s finest dining, retail, and cultural amenities
- Irreplaceable coastal real estate with high barriers to entry and limited future multifamily development potential
Property Facts
| No. Units | 46 | Lot Size | 0.78 AC |
| Property Type | Multifamily | Building Size | 38,871 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Zoning | R4 - restricted Density Multiple Dwelling | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 38,871 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R4 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | - | 1,450 |
| 2+2 | 6 | - | 1,200 |
| 1+1 | 39 | - | 761 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,017,453 | |
| Land Assessment | $18,781,686 | Total Assessment | $24,799,139 |
Property Taxes
Parcel Numbers
Land Assessment
$18,781,686
Improvements Assessment
$6,017,453
Total Assessment
$24,799,139
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