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Off-Market Mid-Century
Apartment Complex in Santa Monica
Remodeled 18-Unit Building at 2929 Colorado
OFFER DETAILS
- Est. monthly income $58,000
- No rent control
- 18 units -14 newly restored
- 15,533sq ft under one roof
- 0.49 acres - 21,208 SF
- Covered parking for all units
- Built in 1963
- Zoned SMR2
ADDITIONAL DETAILS
- 2 - 3 bedroom+2 bath
- 16 -1 bedroom+1 bath
- Electric upgraded to 3 phase
- New roof in 2006
- Tankless waterheaters with submeters
- New HVAC, plumbing and gas lines
- Wood-look tile floors
- Solid wood cabinets
- Quartz, granite and glass countertops
- Commercial appliances
- Green building products
- Fingerprint+camera security with remote access
- Patios on ground floor units
- Parcel #4267-025-028
15 units vacant,
ready to rent
Owner will carry
Amazon Studios
Lionsgate
Center for Media Design
Redbull
Classic California apartment complex is one of the last opportunities of its kind. Situated on a prime corner lot in a hot walking/biking neighborhood a block from Lionsgate Entertainment, The Center for Media Design, Red Bull, Amazon Studios, cafes, restaurants, clubs, gyms and more. Only five blocks to the light rail and 10 blocks to Santa Monica freeway.
Owner will carry. Only three units currently leased and no rent control restrictions apply. New owner can set the rental prices.
CONTACT:
Abbie Roses
928.713.8850
aroses@abbieroses.com
$13,500,000
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