821 3rd St | Santa Monica, CA 90403
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- LoopNet Team
821 3rd St
Santa Monica, CA 90403
The Alyce · Multifamily Property For Sale
·
27 Units
INVESTMENT HIGHLIGHTS
- 27 Unit luxury apartment community just three blocks from Santa Monica Beach
- The property has recently undergone significant building improvements
- 67% of units are fully renovated with a quality exceeding the competitive market set, all fully leased within 45 days
- Exemplary, upgraded units—ranging from 766 to 1,390 square feet
- An astute Buyer can achieve 46% rental upside and a Pro Forma cap rate of 6.44% through strategic renovations
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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 766 |
| 2+2 | 12 | - | 1,000 - 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
Parcel Number
4292-017-029
Land Assessment
$9,741,889
Improvements Assessment
$7,198,173
Total Assessment
$16,940,062
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