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1401 Palisades Beach Road, Santa Monica, CA 90401
5
beds
3
baths
4780
ft2
· 4763
ft2 lot
$7,250,000
$1,517 / ft2
Listing provided courtesy of , Stepp Commercial.
Source CRMLS.
1401 Palisades Beach Rd is located on the sand of Santa Monica Beach. Offering investors a once-in-a-lifetime opportunity to reposition a 11-unit building with an attractive unit mix. Steps from world famous Santa Monica Pier, 3rd Street Promenade and Montana Avenue. The property has 1920s charm with modern updates, hardwood flooring, lots of natural light and breathtaking ocean views. The large beach front patio has a fully functioning kitchen including Viking grill and stainless steel appliances. Only blocks from bustling Santa Monica Blvd and the Pacific Ocean, this desirable location earns a Walk Score of 91. Tenants can enjoy the amenities of Third Street Promenade boutique shops, dining and nightlife. 15 minute walk to the new Santa Monica Expo, allowing access to areas all over LA County. With it's convenient Westside location Santa Monica is hub for world-class tech, e-commerce, media & entertainment companies. Delivered vacant with 22 parking spaces.
HOA
$—/month
On market
3 months
Year built
1912
Property type
Multi-Family
Parking
MLS
21685982
Price / Sq.Ft.
$1,517 / ft2
Status
Active
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Based on a price of $7,250,000
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Property Details
Interior Features & Layout
Appliances
•   
Security Features: Gated Community, Card/Code Access
Interior Size
•   
Building Area Total: 4780.00
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: SMR2B*
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Owner
•   
Lot Size Acres: 0.1000
•   
Lot Size Area: 4763.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 11
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 427800.00
•   
Total Expenses: 128723.00
•   
Gross Multiplier: 16.95
Tax/Assessment Info
•   
Gross Income: 426000.00
•   
Tax Year: 2020
•   
Taxes: 70764.0
Lease Info
•   
Net Operating Income: 281965.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 3400.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 5
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 17000.00
Unit 3 Information
•   
Unit 3 Actual Rent: 2500.00
•   
Unit 3 Total Units: 5
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 12500.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 6000.00
•   
Unit 1 Total Rent: 6000.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: South on PCH
Other
Calculation
•   
Dom: 66
•   
Cdom: 66
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 23, 2021 5:25am
Neighborhood snapshot
29
Properties for sale
97
Median days on market
$922.37
Median sold price/sqft
95.52%
Sold/List %
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walk score® :
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bike score® :
Property History
02/01/2021
02/01/2021
CRMLS #21685982
active
CRMLS #21685982
$7,250,000
+36.79%
06/04/2014
06/04/2014
Public Record
sold
Public Record
$5,300,000
+60.61%
09/28/2005
09/28/2005
Public Record
sold
Public Record
$3,300,000
+87.50%
11/26/2002
11/26/2002
Public Record
sold
Public Record
$1,760,000
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