For Sale
$5,595,000

101 Strand St Santa Monica, CA 90405

Beachfront 7-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 7-unit apartment building presents a rare opportunity to own a prime oceanfront property in Santa Monica, California. Located at 101-103 Strand Street, this two-story building (1955) offers 5,728 square feet of living space, boasting stunning ocean views and direct beach access. The property includes seven parking spaces, and three of the seven units feature in-unit laundry

Highlights

  • Prime oceanfront location on Santa Monica Beach.
  • Rare owner-user opportunity with ocean views.
  • Generates rental income.
  • Seller financing available up to 80% for two years.
  • Unique beachfront multifamily property; limited comparable sales or rentals.
  • Comparable condo sales average $1,245/sq ft plus $1,587 in HOA dues.

Property Details for 101 Strand St

Property type
Apartment buildings
Square Feet
5,728 SF
Year Built
1955
Buildings
1
Stories
2
Units
7

Location Insight

City
Santa Monica
County
Los Angeles
State
California
Latitude
34.0040346
Longitude
-118.4880157

FAQs

What type of property is this?
Apartment building - Beachfront 7-unit apartment building, high ROI.
Where is the apartment building located?
The property is located at 101 Strand St Santa Monica, CA.
What is the asking price?
The asking price for this property is $5,595,000.
What are key features of this property?
This property features: Prime oceanfront location on Santa Monica Beach.; Rare owner-user opportunity with ocean views.; Generates rental income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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101 Strand St
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