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821 3rd St
Santa Monica, CA 90403
Multifamily Property For Sale
·
27 Units
PROPERTY FACTS
| No. Units | 27 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 28,485 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2021 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Zoning | SMR3* | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 28,485 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2021 |
| Parking Ratio | 1/1,000 SF |
| Zoning | SMR3* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Fireplace
- Washer/Dryer
- Tile Floors
- Stainless Steel Appliances
- Walk-In Closets
- Patio
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Pool
- Elevator
- Lounge
ABOUT 821 3RD ST , SANTA MONICA, CA 90403
* Mid-century, low-rise apartment complex comprising 27 units on a large 15,298-square-foot double lot * Apartments are configured in spacious one- and two-bedroom layouts with private balconies and fireplaces in every unit * Community amenities include a pool, roof deck, gated subterranean/covered parking and shared laundry facilities * Fully entitled for a complete overhaul to the lobby, hallways, pool area, roof deck, façade and landscaping * Property will be delivered with 14 vacant units, some of which have been partially taken down to the studs and primed for upgrades * Potential to add further value by converting underutilized common area space into a resident gym and roof deck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $2,472 | 766 |
| 2+2 | 12 | $3,695 | 1,280 - 1,390 |
PROPERTY TAXES
| Parcel Number | 4292-017-029 | Improvements Assessment | $7,198,173 |
| Land Assessment | $9,741,889 | Total Assessment | $16,940,062 |
PROPERTY TAXES
