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858 3RD ST Santa Monica, CA 90403
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Key Details
Sold Price $12,419,020
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19490948
Sold Date 12/19/19
HOA Y/N No
Year Built 1954
Property Description
PRICE REDUCED by $1.25MM! $473K Per Unit. This Won't Last Long! Rents shown are Averages; Detailed rent roll available on PROPERTY WEBSITE (see private remarks). 858-860 3rd Street Highlights: Irreplaceable Santa Monica location; three blocks to beach. Tremendous rental upside - 6.0% cap at market. Rare opportunity - first time on market in 30 years - Has not been in escrow; 22,527 SF corner lot (courtyard style); Desirable unit mix of 14 one bedrooms and 14 two bedrooms; Walk to Shops, Dining on Montana Avenue and 3rd Street Promenade. Additional APN: 4292-024-011.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Garage Covered
Parking Type Covered
Building
Story 2
Others
Senior Community No
Tax ID 4292024010
Special Listing Condition Standard
Read Less
Bought with Subscriber Non • Non-Participant Office
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