Market Overview

Three Rare Multi-Family Properties Newly Listed in Southern California's Hottest Area - Santa Monica

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LOS ANGELES, Aug. 14, 2019 /PRNewswire-PRWeb/ -- Presented by David Weinberger of The Seymour Group at Keller Williams Studio City - three rare opportunities to own investment properties in some of Santa Monica's most highly coveted areas. Near beaches, city life, and trendy shopping, these three multifamily complexes are on the market for the first time in nearly 62 years. For all the details, photos, floorplans, and more - Visit https://www.santamonica4sale.com.

The opportunity consists of a fourplex, plus two additional structures--one with 16 units and the second with 18 units. The three buildings can be purchased separately or together. This is a unique opportunity to invest in the most desirable area of Santa Monica while also positioning for future long term cash flow and appreciation. Listing agent, David Weinberger, notes, "These are extremely special properties in a stellar location. The Beverley is setting market rents for the area. It features three- bedroom units, which are a rare in the Santa Monica market!"

Celebrated for its legendary beaches, contemporary culture, and famed attractions, Santa Monica remains at the top of the list for those seeking to live in a paradise like environment.

The properties:

"The Beverley"
2400 Beverley Ave | Santa Monica | 90405

  • Asking Price $9,350,000
  • 18 Units
  • (10) large 3 Bed | 2 Bath units
  • (8) large 2 Bed | 2 Bath units
  • Amenities: pool, courtyard, balconies, security entry system, on-site laundry facility
  • 20,334 SF building | 18,412 SF lot
  • 33 parking Spaces
  • First time on the market in 57 years
  • Built in 1962
  • The Beverley is setting market rents for Santa Monica

"The 24th St Manor"
1455 24th St | Santa Monica | 90404

  • Asking price $5,825,000
  • 16 Units
  • (15) large 1 Bed | 1 Bath Units
  • (1) large 2 Bed | 1 Bath Unit
  • One unit delivered vacant
  • Amenities: pool, Courtyard, Security entry system, on-site laundry facility
  • 14 Parking Spaces
  • Built in 1957
  • 11,470 SF building | 11,064 SF lot

"Pier Ave Apartments"
714 Pier Ave | Santa Monica | 90405

  • Asking price $2,050,000
  • Fourplex
  • (4) large 2 Bed | 1 Bath units
  • 4 Parking Spaces
  • 3,416 SF building | 5,010 SF lot
  • Blocks Away From The Beach
  • Built in 1957
  • Secluded Area Between The Ocean and City Life

For more information, offering memorandums, and all the details, visit SantaMonica4Sale.com or contact David Weinberger at 818.432.1612 - DavidWeinberger(at)kw.com.

 

SOURCE Keller Williams Studio City

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