928 17th Street

01-14-2022
01-19-2022

928 17th St, Santa Monica, CA 90403

Property Description

Prime Location on 17 th Street located just south of Montana Avenue and North Of Wilshire Blvd in Santa Monica CA. Opportunity to add value to a premiere location building that has been in the same family for decades. Consists of 4 - 1 Bedroom 1 Baths and 2 - 2 Bedroom 1 bath units. This is one of the most high demand and desirable rental areas in California and the United States. Santa Monica is known for our beautiful beaches shops restaurants and evolving employment hubs and home to the Santa Monica Pier. Rental market is continuing to grow and thrive as tech giants expand to Silicon Beach. Located in the Santa Monica Malibu Unified School District and close to Santa Monica College. Santa Monica remains to be a growing vibrant diverse community. Located in happening world renowned Silicon Beach headquarters to many high profile entertainment and technology corporate firms. Close to the neighboring communities of Prime WLA, Brentwood, Westwood, Pacific Palisades Venice Beach Marina Del Rey Playa Del Rey and Playa Vista.

For more information and photos, please see offering memorandum.   

 

Key Property Information

Listing Status
Available
Price
$ 2,995,000
No. of Units
6
Cap Rate
3.7%
GRM / GIM
18.1
Year Built
1954
Building Size
6,318 Sq ft
Lot Size
7,478 Sq ft
No. of Parking Spots
4
Opportunity Zone
Off
Price per unit
$ 499,167
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