Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage offers new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Trust Sale / Court Confirmation Required. Must be sold together with 1454 12th Street (Listed at $2.5M).Subject properties are centered in a prime Santa Monica location. In close proximity (less than one mile) to Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
