511 Pier Ave | Santa Monica, CA 90405
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- LoopNet Team
511 Pier Ave
Santa Monica, CA 90405
8 Units | Prime Ocean Park Location · Multifamily Property For Sale · 8 Units
Investment Highlights
- Built in 1973
- Approx. 70% Upside in Rents
- Large Townhouse Style Units
- Prime Ocean Park Location
- Balconies with Ocean Views
- First Time on Market in 25 Years
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,999 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 0.14 AC |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,999 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.71/1,000 SF |
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,654 | 800 |
| 2+1 | 1 | $3,409 | 1,000 |
| Studios | 1 | $1,130 | 350 |
PROPERTY TAXES
| Parcel Number | 4287-026-017 | Improvements Assessment | $587,034 |
| Land Assessment | $469,628 | Total Assessment | $1,056,662 |
PROPERTY TAXES
Parcel Number
4287-026-017
Land Assessment
$469,628
Improvements Assessment
$587,034
Total Assessment
$1,056,662
zoning
| Zoning Code | R2, Santa Monica |
| R2, Santa Monica |
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