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821 3rd St
Santa Monica, CA 90403

Multifamily Property For Sale · 27 Units

PROPERTY FACTS

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

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

PROPERTY TAXES

Parcel Number
4292-017-029
Land Assessment
$13,806,454
Improvements Assessment
$10,201,435
Total Assessment
$24,007,889

zoning

Zoning Code SMR3*
SMR3*
  • Listing ID: 15370181

  • Date on Market: 2019-03-06

  • Last Updated:

  • Address: 821 3rd St, Santa Monica, CA 90403

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