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About This Home

This 6-bedroom, 12-bathroom residential multi family at 1661 Appian Way in Santa Monica, CA is listed for $6,750,000 ($1,545 per sqft). Built in 1948, the home offers 4,368 sqft of living space on a 0.10 acres lot.

Agent Description

FULLY VACANT AND OCEAN VIEWS. Rarely does a coastal offering of this caliber ever come to market. We are pleased to present 1661 Appian Way, an extraordinary opportunity to acquire a fully vacant, extensively renovated 12-unit apartment building positioned along Santa Monica's iconic beach front right by the edge of the sand and within the city's famed Hotel Row.

With breathtaking ocean, pier, coastline, mountain, and city views from every unit stretching from Palos Verdes to Malibu, this is a truly generational asset in one of Southern California's most irreplaceable locations. The property features an ideal unit mix of six studios and six efficiency units, thoughtfully designed with highly functional layouts.

A buyer has the rare option to combine a studio with an efficiency unit, creating exceptionally large one bedroom residences a compelling strategy to further differentiate the asset and push long-term rental performance. Delivered 100% VACANT, the building offers an immediate opportunity to set the highest market rents, eliminating any rent-control friction and allowing a new owner to capitalize on Santa Monica's robust demand for luxury coastal rentals from day one.

Key Features

  • Built in 1948
  • 0.10 acre lot
  • 2 stories
  • 8 parking spaces

Property Details

2 stories
2 full
8 spaces
1948

Monthly Cost Estimate

$36,100/mo

20% down · 6.5% · 30 years

Principal$4,882
Interest$29,250
Insurance$1,969

Estimates only. Actual payments may vary.

Location

1661 Appian Way

Santa Monica, CA 90401

Property Details

Parking

Garage

Cooling

Wall/Window Unit(s)

Questions & Answers

This 6-bedroom, 12-bathroom residential multi family at 1661 Appian Way is listed at $6,750,000 ($1,545/sqft). The estimated monthly payment is $29,250 based on 20% down at 6.5% interest.

Key features include: Built in 1948, 0.10 acre lot, 2 stories, 8 parking spaces.

This property is listed by Jonathan Taksa and can be reached at 3109685303 or jon@taksainvestment.com.

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JT

Jonathan Taksa

Agent at Remax Commercial and Investment Realty

(310) 968-5303

Listed by Remax Commercial and Investment Realty

MLS# 26633755· Source: listhub· Updated 94 days ago

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1661 Appian Way, Santa Monica, CA 90401

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