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    35 Arcadia Ter Santa Monica, CA 90401

    Sponsored
    For Sale
    $4,500,000

    Beachfront Retail, High ROI

    Property size:
    3,810 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Santa Monica retail property, located at 35 Arcadia Terrace, presents a compelling investment opportunity. The 3,810 square foot building sits on a 3,332 square foot lot and boasts nine units: eight one-bedroom, one-bathroom apartments and one studio. All units have undergone complete renovations, featuring updated kitchens, bathrooms, flooring, HVAC systems, and in-unit washer/dryers. There are no below-market rents, ensuring immediate positive cash flow. The property's prime location, steps from the beach, pier, and Promenade, guarantees high occupancy and strong rental demand. Built in 1912, the building is zoned SMR3. The asking price is $4,500,000, representing a price per square foot of $1,181.10 and a projected cap rate of 5.33%, with a current Net Operating Income (NOI) of $239,991. This property offers a significant return on investment with substantial upside potential due to its irreplaceable location and recently renovated units. The property's strong financial performance and prime location make it an exceptional addition to any investment portfolio. The Los Angeles County Assessor's Parcel Number (APN) is 4290-018-011. This is a rare opportunity to acquire a high-performing retail property in one of the most desirable locations in Southern California.

    Property Features for 35 Arcadia Ter

    General Information

    Property type
    Retail properties
    Square Feet
    3,810 SF

    Building Details

    Year Built
    1912
    Units
    9

    HighLights

    • Nine‑unit multifamily property totaling ±3,810 square feet on a ±3,332 square foot lot.
    • Prime Santa Monica beachfront location near the pier and Third Street Promenade.
    • Unit mix: eight one‑bedroom/one‑bathroom units and one studio.
    • Completely remodeled units featuring new kitchens, bathrooms, flooring, HVAC systems, and in‑unit laundry.
    • Market‑rate rents currently in place.
    • Projected 5%+ return on investment upon full occupancy, with significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.4938032
    Latitude
    34.0099333

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    FAQs

    What type of property is this?
    Retail property - Beachfront Retail, High ROI
    Where is this retail property located?
    The property is located at 35 Arcadia Ter Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Nine-unit multifamily property totaling ±3,810 square feet on a ±3,332 square foot lot.; Prime Santa Monica beachfront location near the pier and Third Street Promenade.; Unit mix: eight one-bedroom/one-bathroom units and one studio.
    (310) 272-7381
    Request Owner's contact information
    35 Arcadia Ter Santa Monica, CA 90401
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    Santa Monica, CA 90401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 Arcadia Ter Santa Monica, CA 90401
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