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Multifamily

1307 17th St

1307 17th St, Santa Monica, CA 90404

Listing Price: $3,100,000

Cap Rate
4.61%
Number of Units
7
Price/Unit
$442,857
Price/Gross SF
$774.23
Gross SF
4,004

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 1307 17th Street, a seven-unit multifamily investment located in the supply constrained city of Santa Monica, CA. The property features 4,004 square feet of rentable area and is situated on a 11,259-square foot lot. The seven-unit building is composed of a all one-bedroom bungalow style units. The building has been well-maintained and offers on-site parking and laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just south of Wilshire Boulevard, sandwiched between 18th Street to the east and 16th Street to the west. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being a short commute to major employment centers such as Brentwood, Beverly Hills, West Hollywood, Venice Beach, and Culver City. 1307 17th Street provides a qualified investor with the rare opportunity to acquire an irreplaceable asset in the highly desirable beach front neighborhood of Santa Monica.

Investment Highlights

  • Situated on a Large 11,259-Square Foot Lot Zoned SMR2.
  • Separately Metered for Gas and Electric.
  • Affluent Population with Average Household Income More Than $125,000 in a 3-mile Radius
  • Walking Distance to Wilshire Boulevard and Santa Monica Boulevard Offering Countless Coffee Shops, Restaurants, Shopping and Dining Options.
  • Excellent Unit Mix Composed of all One-Bedroom Units -Well Suited for Today's Market.
  • Charming 1920's Construction, Offering Bungalow Style Units!
  • On-Site Parking and Laundry Facilities for Tenants.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

Listing Price: $3,100,000

Cap Rate
4.61%
Number of Units
7
Price/Unit
$442,857
Price/Gross SF
$774.23
Gross SF
4,004

Investment Highlights

  • Situated on a Large 11,259-Square Foot Lot Zoned SMR2.
  • Separately Metered for Gas and Electric.
  • Affluent Population with Average Household Income More Than $125,000 in a 3-mile Radius
  • Walking Distance to Wilshire Boulevard and Santa Monica Boulevard Offering Countless Coffee Shops, Restaurants, Shopping and Dining Options.
  • Excellent Unit Mix Composed of all One-Bedroom Units -Well Suited for Today's Market.
  • Charming 1920's Construction, Offering Bungalow Style Units!
  • On-Site Parking and Laundry Facilities for Tenants.

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 1307 17th Street, a seven-unit multifamily investment located in the supply constrained city of Santa Monica, CA. The property features 4,004 square feet of rentable area and is situated on a 11,259-square foot lot. The seven-unit building is composed of a all one-bedroom bungalow style units. The building has been well-maintained and offers on-site parking and laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just south of Wilshire Boulevard, sandwiched between 18th Street to the east and 16th Street to the west. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being a short commute to major employment centers such as Brentwood, Beverly Hills, West Hollywood, Venice Beach, and Culver City. 1307 17th Street provides a qualified investor with the rare opportunity to acquire an irreplaceable asset in the highly desirable beach front neighborhood of Santa Monica.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

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