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$ 6,750,000
Est. payment /mo
New
1661 Appian WAY Santa Monica, CA 90401
6 Beds
12 Baths
4,368 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,368 sqft
Price per Sqft $1,545
MLS Listing ID 26633755
Bedrooms 6
HOA Y/N No
Year Built 1948
Lot Size 4,373 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Converted Garage
Total Parking Spaces 8
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4290018007
Special Listing Condition Standard
Listed by Jonathan Taksa Remax Commercial and Investment Realty