$12,800,000
$10,995,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
0.55 Acres Lot
SOLD DATE : 09/20/2022
Key Details
Sold Price $12,800,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22147750
Sold Date 09/20/22
HOA Y/N No
Year Built 1960
Lot Size 0.550 Acres
Property Description
DRIVE BY ONLY PLEASE. This attractive 28-unit apartment complex is located in a fabulous Santa Monica neighborhood, walking distance from the beach with ocean views from some units!
Featuring 40%+ rental upside, the well-maintained property comprises a great unit mix of one- and two-bedrooms. It spans 28,842 square feet of rentable space, set on a 23,962 square foot lot. Built in 1960, Tiki Apartments also presents a tremendous reposition opportunity.
* Superb Santa Monica Location
* Excellent 40%+ Rental Upside
* Coveted Neighborhood
* Huge Reposition Opportunity
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Pool Community
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban, Pool
Private Pool No
Building
Lot Description Sloped Down, Landscaped
Story Three Or More
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4287003005
Energy Description 5000.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Warren Berzack Lee & Associates
Nearby Locations
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4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States