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1401 Palisades Beach Rd, Santa Monica, CA 90401
$6,250,000
1401 Palisades Beach Rd, Santa Monica, CA 90401View this property at 1401 Palisades Beach Rd, Santa Monica, CA 90401
1401 Palisades Beach RdSanta MonicaCA90401
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Property Description
1401 Palisades Beach Rd is located on the sand of Santa Monica Beach. Offering investors a once-in-a-lifetime opportunity to reposition a 11-unit building with an attractive unit mix. Steps from world famous Santa Monica Pier, 3rd Street Promenade and Montana Avenue. The property has 1920s charm with modern updates, hardwood flooring, lots of natural light and breathtaking ocean views. The large beach front patio has a fully functioning kitchen including Viking grill and stainless steel appliances. Only blocks from bustling Santa Monica Blvd and the Pacific Ocean, this desirable location earns a Walk Score of 91. Tenants can enjoy the amenities of Third Street Promenade boutique shops, dining and nightlife. 15 minute walk to the new Santa Monica Expo, allowing access to areas all over LA County. With it's convenient Westside location Santa Monica is hub for world-class tech, e-commerce, media & entertainment companies. Delivered vacant with 22 parking spaces.
Full Property Details
Full Property Details for 1401 Palisades Beach Rd
General
- Sold For: $6,250,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 21-685982
- Added to Site: 1, 193 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 9
Additional Information
- Spa: Yes
- Spa Description: Hot Tub
- Security/Safety: Gated, Card/Code Access
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Santa Monica
- County: Los Angeles
- Driving Directions: South on PCH
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 4,780
- Sq. Ft. Source: Owner
- Year Built: 1912
- Year Built Source: Seller
Unit Information
- Units in Complex: 11
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 4
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1094
- Lot Size: 4763
- Lot Size Source: Owner
- Zoning: SMR2B*
Financial Considerations
- Price Per Sq. Ft.: $1,516.74
- Assessment Year: 1912
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4291-031-008
Listed by Stepp Commercial, Kimberly Roberts Stepp
Sold by Jason Vogel, Broker, Jason Vogel
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Schools
Schools serving 1401 Palisades Beach Rd
School District:Santa Monica-Malibu Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
801 Montana Ave, Santa Monica, CA 90403 | K-5 | 1 mi | |
1501 California Ave, Santa Monica, CA 90403 | 6-8 | 1.2 mi | |
601 Pico Blvd, Santa Monica, CA 90405 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1401 Palisades Beach Rd
Date
Details
Price
Change
Source
3/03/2022
Sold
$6,250,000
-13.79%
MLS
2/01/2021
Listed
$7,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1401 Palisades Beach Rd, Santa Monica, CA 90401 (MLS# 21-685982) is a Multi-Family property that was sold at $6,250,000 on March 03, 2022. Want to learn more about 1401 Palisades Beach Rd? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.