SoldSep 20, 2022Residential Income
$12,800,000
Listed for $10,995,000 · Sold Sep 20, 2022
Listing provided by Warren Berzack, Lee & Associates
DRIVE BY ONLY PLEASE. This attractive 28-unit apartment complex is located in a fabulous Santa Monica neighborhood, walking distance from the beach with ocean views from some units! Featuring 40%+ rental upside, the well-maintained property comprises a great unit mix of one- and two-bedrooms. It spans 28,842 square… feet of rentable space, set on a 23,962 square foot lot. Built in 1960, Tiki Apartments also presents a tremendous reposition opportunity. * Superb Santa Monica Location * Excellent 40%+ Rental Upside * Coveted Neighborhood * Huge Reposition Opportunity
Listing Snapshot
Days online75
Last updatedSep 20, 2022
Property typeResidential Income
Beds0
Full baths0
Square ft.28,842
Lot size0.55 Acres
Year built1960
MLS numberSR-22147750
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