Property listed by Remax Commercial and Investment Realty, Jonathan Taksa 213-817-1000
$6,750,000
FULLY VACANT AND OCEAN VIEWS. Rarely does a coastal offering of this caliber ever come to market. Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 1661 Appian Way, an extraordinary opportunity to acquire a fully vacant, extensively renovated 12-unit… Read More apartment building positioned along Santa Monica's iconic beach front right by the edge of the sand and within the city's famed Hotel Row. With breathtaking ocean, pier, coastline, mountain, and city views from every unit stretching from Palos Verdes to Malibu, this is a truly generational asset in one of Southern California's most irreplaceable locations. The property features an ideal unit mix of six studios and six efficiency units, thoughtfully designed with highly functional layouts. A buyer has the rare option to combine a studio with an efficiency unit, creating exceptionally large one bedroom residences a compelling strategy to further differentiate the asset and push long-term rental performance. Delivered 100% VACANT, the building offers an immediate opportunity to set the highest market rents, eliminating any rent-control friction and allowing a new owner to capitalize on Santa Monica's robust demand for luxury coastal rentals from day one. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
6
Square Ft.
4,368
Lot Size
0.1 Acres
Year Built
1948
MLS Number
26633755
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 1948, Living area: 4368.0, 1 building, 2 stories, Levels: One
Cooling
WallWindowUnits
Heating
WallFurnace
Lot
0.1004 acres
Parking
8 total parking spaces, ConvertedGarage
Taxes
Parcel Number: 4290018007, Zoning: SMR3*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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