SANTA MONICA PROJECT

Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage will offer new owners the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. A generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Subject properties are centered in a prime Santa Monica location. In close proximity to (less than one mile) Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Trust Sale / Court Confirmation Required. Must be sold with neighboring property (1448 12th Street).