Property Details

Price $6,250,000

Year Built 1960

# of Units 10

Price P/ Unit $625,000

Sq. ft. 12,771 SF

Price p/ Sq. ft. $489

Current Cap Rate 3.91%

Proforma Cap Rate 5.38%

Lot Size 7,497 SF

Zoning SMR2

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About the Property

929 Idaho is a well-maintained ten unit property, located one block south of Montana Ave in Santa Monica, offering the quintessential Westside lifestyle for high-income professionals. Featuring over 12,500 SF in living space, 929 Idaho features an enticing unit mix comprised of (4) three-bdrm. townhouses, (2) 2-bdrm. townhouses and (4) 1-bdrm. units. A select number of interiors have been upgrade to include wood laminate flooring, quartz/marble countertops, recessed lighting, and custom cabinetry and backsplash. Please note, soft-story retrofitting has been completed. In addition, the property has received a number of capital improvements including a new roof, copper pluming, updated electrical system and vinyl windows.

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