35 Arcadia TerSanta Monica, CA 90401

Property Details for 35 Arcadia Ter

Year built

1912

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

3,810 SF

Zone code

SMR3*

Property type

Apartment buildings

APN

4290-018-011

APU

4290018011

Description

This exceptional Santa Monica retail property, located at 35 Arcadia Terrace, presents a compelling investment opportunity. The 3,810 square foot building sits on a 3,332 square foot lot and boasts nine units: eight one-bedroom, one-bathroom apartments and one studio. All units have undergone complete renovations, featuring updated kitchens, bathrooms, flooring, HVAC systems, and in-unit washer/dryers. There are no below-market rents, ensuring immediate positive cash flow. The property's prime location, steps from the beach, pier, and Promenade, guarantees high occupancy and strong rental demand. Built in 1912, the building is zoned SMR3. The asking price is $4,500,000, representing a price per square foot of $1,181.10 and a projected cap rate of 5.33%, with a current Net Operating Income (NOI) of $239,991. This property offers a significant return on investment with substantial upside potential due to its irreplaceable location and recently renovated units. The property's strong financial performance and prime location make it an exceptional addition to any investment portfolio. The Los Angeles County Assessor's Parcel Number (APN) is 4290-018-011. This is a rare opportunity to acquire a high-performing retail property in one of the most desirable locations in Southern California.

• CAP approach

  CAP return

  Valuation

  6%

  $1,139,626

  6.5%

  $1,051,962

  7%

  $976,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,121,690

  Geo Method

  $1,122,990

• Alternative Use

  Use

  Valuation

  Residential

  $1,051,962

  Hospitality

  $963,592

  Educational

  $801,697

  Medical

  $829,269

  Retail

  $1,247,084

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0099

Longitude

-118.494

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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