$5,400,000
$6,850,000
21.2%For more information regarding the value of a property, please contact us for a free consultation.
4,373 Sqft Lot
SOLD DATE : 10/02/2024
Key Details
Sold Price $5,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24383839
Sold Date 10/02/24
HOA Y/N No
Year Built 1948
Lot Size 4,373 Sqft
Property Description
In 1948, the Sun & Sea Motel was built nestled at the base of the iconic Santa Monica Pier. Today, you have the extraordinary opportunity to purchase 1661 Appian Way. This beachside oasis offers 12 units, each with breathtaking ocean and pier views, plus 8 private garages and extra spaces, ensuring convenient parking for residents. The building has an expansive, zen backyard that includes areas for sun lounging and al fresco dining, perfect for savoring warm coastal evenings. Originally constructed in 1948 as 6 apartments and 6 guest rooms, public records indicate the Land Use as "Motel" and County Use as "Motel Under 50 Units". Prospective buyers are encouraged to conduct their own research to determine the future potential of this remarkable property. Picture owning an investment asset with such promising possibilities where the vibrant energy of the pier and the tranquil beauty of the ocean converge. Whether you're seeking an income property for tenants to enjoy a serene retreat or an exhilarating coastal escape, this building offers the best of both worlds. Don't miss this rare opportunity to own a piece of beachside paradise in the heart of Santa Monica. Schedule a viewing today and transform your dream of owning an income property by the iconic Santa Monica Pier into a reality!
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Heating Wall Furnace
Fireplace No
Exterior
Total Parking Spaces 8
Building
Story 3
Others
Tax ID 4290018007
Special Listing Condition Standard
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