23-Unit Apartment
420 78th St, Miami Beach, FL 33141
For Sale
New
$4,600,000
The three-story property offers a studio-focused unit mix and full occupancy near the ocean.
Property Size7,821 SF
Price / SF$588.16
Days on Market3
Property Features for 420 78th St
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Elior Levi · License FL #3574869
(954) 743-7594
Source:
Grayprop
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 4:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This 23-unit apartment property contains 22 studios and one one-bedroom, one-bathroom residence. The three-story building encompasses 7,821 square feet and was built in 1940. All units are occupied.
At 420 78th St in Miami Beach, the property is steps from the ocean and minutes from Downtown Miami, employment hubs, retail and dining. The unit mix, building size and year built provide a clear overview of the existing asset.
At 420 78th St in Miami Beach, the property is steps from the ocean and minutes from Downtown Miami, employment hubs, retail and dining. The unit mix, building size and year built provide a clear overview of the existing asset.
Key Highlights
- 23 apartments: 22 studios and one 1‑bedroom/1‑bath unit
- 7,821 SF across three stories
- Built in 1940
Property Analytics
Who owns this building?
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Lease Details
23
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami Beach, FL
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The three-story property offers a studio-focused unit mix and full occupancy near the ocean.
Where is this apartment building located?
The property is located at 420 78th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 23 apartments: 22 studios and one 1‑bedroom/1‑bath unit; 7,821 SF across three stories; Built in 1940
