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821 3rd Street

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821 3rd Street
Santa Monica, CA 90403
Type: Multi-Family
Size: 27 Units
Built: 1965
Investment Date: August 2020
Strategy: Value Add
821 3rd Street is a Class B low-rise multifamily property totaling 27 units located 3 blocks from the beach within Santa Monica.  Santa Monica is known as one of the top multifamily submarkets in Southern California due to the quality of life, strong market for highly skilled labor, and tight market fundamentals.  New supply is rarely brought online.