SANTA MONICA – Silicon Beach,

7,750 Sq. Ft. 8 Units - 18 Bedrooms 16 Bathrooms
ADDRESS UPON REQUEST, Santa Monica, CA 90405
8112 SQ FT. | 7,750 SQ FT. LOT SIZE | 8 UNITS
0% OCCUPANCY | DELIVERED VACANT & FULLY RENOVATED
Currently Off-Market | $9,000,000

A LUXURY Newly Renovated 8 Unit in the Heart of Silicon Beach with OCEAN VIEWS

Location is everything and this modern architectural trophy building is positioned perfectly in the heart of Silicon Beach. Within waking distance to the beach, Main street’s multitude of shops and restaurants, Google, Snapchat and many other tech companies, this luxury multi-family building will attract the most discerning tenants.  Current unit mix is two 3 bedroom/2 bathrooms and six 2 bedroom/2 bathrooms in an 8,112 sq ft building

Delivered with 0% occupancy, this vacant 8 unit building in Santa Monica offers several upside options for the savvy investor.

Designed by award winning architect, Margaret Griffin of Griffin Enright Architects, these luxury units include a modern floor to ceiling glass loft-style floor plans and some with ocean views.  The building offers a roof top deck with panoramic and unobstructed ocean views and 19 parking spots.

 

Unit Type

Proforma Rent

Monthly Total

Unit # 2, 3, 6 & 7

$6000

$24,000

Unit # 1, 4, 5 & 8

$7,500

$30,000

Proforma Monthly Gross

$54,000

Proforma Annual Gross Income

$648,000

Estimated Operating Expenses

$140,000

Estimated Net Operating Income

$508,000

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