Multifamily
522-532 Idaho Ave
522 Idaho Ave, Santa Monica, CA 90403
Listing Price: $3,395,000
Cap Rate
2.27%
Number of Units
6
GRM
19.46
Price/Unit
$565,833
Price/Gross SF
$1,010.42
Gross SF
3,360
Investment Overview
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 522-532 Idaho Avenue, a six-unit investment opportunity located in the highly desirable 90403 zip code of Santa Monica.
Investment Highlights
- 6 bungalow style Casitas with one owner-user unit with large 600 Sq Foot front yard
- Located six blocks to famous Ocean Avenue, and one block from bustling Montana Avenue filled with retail and shops.
- Separate meter for gas and electric
- Each unit features two entrances and side patio
- Huge potential upside in rents
- New copper plumbing
- Select units have been completely upgraded with hardwood floors, new windows, new kitchens, new cabinets, new vanity, new bathrooms, and recessed lighting
- 7500 ft.² corner lot potential development site
Exclusively Listed By
Listing Price: $3,395,000
Cap Rate
2.27%
Number of Units
6
GRM
19.46
Price/Unit
$565,833
Price/Gross SF
$1,010.42
Gross SF
3,360
Investment Highlights
- 6 bungalow style Casitas with one owner-user unit with large 600 Sq Foot front yard
- Located six blocks to famous Ocean Avenue, and one block from bustling Montana Avenue filled with retail and shops.
- Separate meter for gas and electric
- Each unit features two entrances and side patio
- Huge potential upside in rents
- New copper plumbing
- Select units have been completely upgraded with hardwood floors, new windows, new kitchens, new cabinets, new vanity, new bathrooms, and recessed lighting
- 7500 ft.² corner lot potential development site
Investment Overview
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 522-532 Idaho Avenue, a six-unit investment opportunity located in the highly desirable 90403 zip code of Santa Monica.