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511 Pier Ave
Santa Monica, CA 90405
8 Units | Prime Ocean Park Location · Multifamily Property For Sale
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8 Units
Investment Highlights
- Built in 1973
- Approx. 70% Upside in Rents
- Large Townhouse Style Units
- Prime Ocean Park Location
- Balconies with Ocean Views
- First Time on Market in 25 Years
Property Facts
| No. Units | 8 | Building Size | 6,999 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | R2, Santa Monica | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,999 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | R2, Santa Monica |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,654 | 800 |
| 2+1 | 1 | $3,409 | 1,000 |
| Studios | 1 | $1,130 | 350 |
Property Taxes
| Parcel Number | 4287-026-017 | Improvements Assessment | $408,000 |
| Land Assessment | $2,295,000 | Total Assessment | $2,703,000 |
Property Taxes
Parcel Number
4287-026-017
Land Assessment
$2,295,000
Improvements Assessment
$408,000
Total Assessment
$2,703,000
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