Investment highlight
- Coveted Coast Highway Address
- Approximately 300 Feet from Beach Access
- WalkScore® of 92 – Walker’s Paradise
- Located in the Heart of The Village
- 5 Apartment Units + 2 Retail Spaces
- First Time on the Market in Over 20 Years
executive summary
On the market for the first time in over 20 years, Morgan Skenderian, Inc. is pleased to present 826-830 S. Coast Highway. Nestled in The Village, the property is surrounded by cafes, restaurants, and boutique retail shops. It is also just steps from both St. Ann’s Beach and Thalia Street Beach. With frontage along Coast Highway, the retail component is an estimated 800 square feet, and is currently utilized as two separate storefronts – a hair salon, and a jewelry store. Perched above that are five 1-Bedroom apartments, with peek-a-boo ocean views from select units, a common courtyard area, and patio or balcony space for each unit.
property facts
| Price | $3,795,000 | Apartment Style | Low Rise |
| Price Per Unit | $759,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 1.77% | Building Size | 3,775 SF |
| Gross Rent Multiplier | 29.03 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment |
site amenities
- Balcony
- Views
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $1,859 | – |
| 0+1 | 2 | $800.00 | – |
