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    1401 Palisades Beach Road

    Santa Monica, CA 90401
    • $7,250,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: 21685982
    UPDATED: 23 min ago
    $7,250,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,780
      SQFT
    • $1,517
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    1401 Palisades Beach Rd is located on the sand of Santa Monica Beach. Offering investors a once-in-a-lifetime opportunity to reposition a 11-unit building with an attractive unit mix. Steps from world famous Santa Monica Pier, 3rd Street Promenade and Montana Avenue. The property has 1920s charm with modern updates, hardwood flooring, lots of natural light and breathtaking ocean views. The large beach front patio has a fully functioning kitchen including Viking grill and stainless steel appliances. Only blocks from bustling Santa Monica Blvd and the Pacific Ocean, this desirable location earns a Walk Score of 91. Tenants can enjoy the amenities of Third Street Promenade boutique shops, dining and nightlife. 15 minute walk to the new Santa Monica Expo, allowing access to areas all over LA County. With it's convenient Westside location Santa Monica is hub for world-class tech, e-commerce, media & entertainment companies. Delivered vacant with 22 parking spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T15:37:29.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/113827039
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    1401 Palisades Beach Road Santa Monica, CA 90401

    • Price: $7,250,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 21685982
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    4,780
    SQFT
    $1,517
    $/SQFT
    1912
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    1401 Palisades Beach Rd is located on the sand of Santa Monica Beach. Offering investors a once-in-a-lifetime opportunity to reposition a 11-unit building with an attractive unit mix. Steps from world famous Santa Monica Pier, 3rd Street Promenade and Montana Avenue. The property has 1920s charm with modern updates, hardwood flooring, lots of natural light and breathtaking ocean views. The large beach front patio has a fully functioning kitchen including Viking grill and stainless steel appliances. Only blocks from bustling Santa Monica Blvd and the Pacific Ocean, this desirable location earns a Walk Score of 91. Tenants can enjoy the amenities of Third Street Promenade boutique shops, dining and nightlife. 15 minute walk to the new Santa Monica Expo, allowing access to areas all over LA County. With it's convenient Westside location Santa Monica is hub for world-class tech, e-commerce, media & entertainment companies. Delivered vacant with 22 parking spaces.
    Exterior Features

    Parking Features None

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Community Features Gated Gross Income 426000 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 281965 Security Features Gated CommunityKey Card Entry Senior Community YN No Special Listing Conditions Standard Zoning Smr2b*

    Listing provided courtesy of Kimberly Roberts Stepp of Stepp Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T15:37:29.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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