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… Read More 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
Courtesy of Remax Commercial and Investment Realty 213-817-1000
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
6
Square Ft.
4,368
Lot Size
0.1 Acres
Year Built
1948
MLS Number
26633755
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Range/Oven, Refrigerator
Building
4,368 sq ft, Built in 1948, Levels: One
Cooling
Wall/Window
Disclosures
As Is
Garage
Attached, Converted Garage
Heating
Wall
Lot
LotAcreage: 0.1004, LotSizeArea: 4,372
Parking
TotalParking: 8
Property
NumberOfUnits: 12, Zoning: SMR3*
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