1603 Idaho Avenue, Santa Monica, CA 91403
Exceptional opportunity to acquire this classically traditional 6 unit apartment building. Located in one of the most coveted areas of Santa Monica, this trophy offering consists of 2 structures commanding an impressive corner lot. Perched on a gentle slope well above the palm-lined street affords all units an abundance of natural light as well as impressive views and ocean breezes! Unit mix consisting of (4) 2 bed+1 bath, and (2) 2 bed + 2 bath units. All units have tremendous upside potential with character details such as hardwood flooring and dental moldings, 2 units with spacious patios.
Excellent parking includes (4) 1-car garages, (1) 2-car garage, and (1) carport space. This rare multi-family property enjoys a premium setting, nestled conveniently between the 2 iconic corridors of Montana Ave and Wilshire Blvd with easy access to the waterfront bluffs and pier, the promenade and all things Santa Monica, including storied tech and industry stalwarts. Massive upside potential here with huge room for income growth and steady CAP rate increases. This is a gem and a true legacy addition to any portfolio. Inside with an accepted offer and please DO NOT DISTURB TENANTS.
- Units 6
- Bedrooms 12
- Baths 8
- Interior Space 6,310 sq ft
- Lot Size 7,488 sq ft
