210 California AveSanta Monica, CA 90401

Property Details for 210 California Ave

Property size (Sq ft)

9,346 SF

Property type

Land

Property subtype

Apartment buildings

Description

This exceptional redevelopment opportunity presents a 100% vacant, 11-unit apartment building situated at 210 California Ave, Santa Monica, CA 90401. The property boasts a total of 9,346 square feet across two stories, offering significant potential for value-add improvements. Currently listed at $6,500,000, this translates to a price per square foot of $695.48 and a price per unit of $590,909.09. The property includes nine parking spaces and is identified by APN 4292021020. Its prime location just one block from Santa Monica Beach places it within a highly desirable, walkable neighborhood brimming with amenities. The property benefits from its proximity to the thriving Silicon Beach employment hub, ensuring strong rental demand following redevelopment. The existing structure, classified as an apartment building and land, presents a unique chance to capitalize on the area's high property values and robust rental market. This is a rare chance to acquire a completely vacant multifamily property in a coveted location, ideal for investors seeking a significant return on investment through redevelopment. The Los Angeles County location and its proximity to the beach and Silicon Beach offer unparalleled potential for future growth and profitability. This is a truly unique opportunity to create a high-value property in a highly sought-after area.

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0191

Longitude

-118.501

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