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Multifamily

522-532 Idaho Ave

522 Idaho Ave, Santa Monica, CA 90403

Listing Price: $2,450,000

Cap Rate
3.97%
Number of Units
6
Price/Unit
$408,333
Price/Gross SF
$729.17
Gross SF
3,360

Investment Overview

Marcus & Millichap is pleased to present 522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica.. Located in the highly desirable, Wilshire/Montana neighborhood, the subject property is just one block south of Montana Avenue & only five blocks from Ocean Avenue. The majority of the units are leased at below market rents, providing an investor the opportunity to capture 35% rental upside as units turn. 522-532 Idaho Ave is situated on the corner of a quiet, tree-lined street. The property is separately metered for electric and will be delivered with one vacancy. Santa Monica is one of the most sought-after rental markets in all of Los Angeles. Located just below Brentwood, this booming area is home to young professionals and families alike. Companies such as Activision Blizzard, Universal Music Group, Snap, and Lionsgate attract top talent to this neighborhood.. Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views.

Investment Highlights

  • Marcus & Millichap is pleased to present 522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica
  • Located in the highly desirable, prime Wilshire/ Montana neighborhood, just one block south of Montana Avenue & only five blocks from Ocean Avenue
  • The majority of the units are leased at below market rents, 35% rental upside
  • Separately metered for electric
  • Santa Monica is one of the best locations in Los Angeles, located just below Brentwood, this booming area is home to young professionals and families alike
  • Companies such as Activision Blizzard, Universal Music Group, Snap, and Lionsgate attract top talent to this neighborhood
  • Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views

Exclusively Listed By

Financing By

Multifamily

522-532 Idaho Ave

Listing Price: $2,450,000

Cap Rate
3.97%
Number of Units
6
Price/Unit
$408,333
Price/Gross SF
$729.17
Gross SF
3,360

Investment Highlights

  • Marcus & Millichap is pleased to present 522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica
  • Located in the highly desirable, prime Wilshire/ Montana neighborhood, just one block south of Montana Avenue & only five blocks from Ocean Avenue
  • The majority of the units are leased at below market rents, 35% rental upside
  • Separately metered for electric
  • Santa Monica is one of the best locations in Los Angeles, located just below Brentwood, this booming area is home to young professionals and families alike
  • Companies such as Activision Blizzard, Universal Music Group, Snap, and Lionsgate attract top talent to this neighborhood
  • Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views

Investment Overview

Marcus & Millichap is pleased to present 522-532 Idaho Ave, a six-unit investment opportunity in the coastal city of Santa Monica.. Located in the highly desirable, Wilshire/Montana neighborhood, the subject property is just one block south of Montana Avenue & only five blocks from Ocean Avenue. The majority of the units are leased at below market rents, providing an investor the opportunity to capture 35% rental upside as units turn. 522-532 Idaho Ave is situated on the corner of a quiet, tree-lined street. The property is separately metered for electric and will be delivered with one vacancy. Santa Monica is one of the most sought-after rental markets in all of Los Angeles. Located just below Brentwood, this booming area is home to young professionals and families alike. Companies such as Activision Blizzard, Universal Music Group, Snap, and Lionsgate attract top talent to this neighborhood.. Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views.

Exclusively Listed By

Financing By

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