35 Arcadia Ter Santa Monica, CA 90401
- Apartment buildings
- 3,810 SF
- 0.08 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 35 Arcadia Ter
- Year built
- 1912
- Construction
- WOOD
- Lot size
- 0.08 lot acres
- Property size
- 3,810 SF
- Zone code
- SMR3*
- Property type
- Apartment buildings
- APN
- 4290-018-011
- APU
- 4290018011
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.494
- Latitude
- 34.0099
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
