901 3rd St
Santa Monica, CA 90403

Located at 901 Third Street, the Wave @ 3rd provides the astute investor with the opportunity to purchase a Generational , Value Add asset in one of the most sought after Core locations in Southern California. Constructed in 1973, this 32-unit apartment building contains four stories of warm and inviting living space above two convenient parking garages, one on grade with alley access and another that is semi-subterranean and accessed via 3rd Street. Situated on more than 1/3 of an acre at the corner of Third Street and Idaho Avenue, tenants on both the North and the West sides of the building enjoy abundant sunshine and partial views of tree-lined streets. 3rd and forth floor units face west and provided a glimpse of Santa Monica Bay. The WAVE' s highly desirable unit mix includes (6) one bedroom/one bathroom units, (3) one bedroom/one bathroom + den units, (22) two bedroom/two bathroom units, and (1) two bedroom/two bathroom + den unit. Units Average of 1,166 SF and have full size balconies, some of which offer spectacular views of the city and ocean. The Wave @ 3rd is at the core of a friendly, walkable neighborhood. With an average income within 3 miles of the Property in excess of $111,000 your tenants will appreciate the access to boutiques, restaurants, coffee houses along Montana Avenue and a multitude of entertainment and shopping venues in Santa Monica that include Third Street Promenade, Ocean Avenue Hotels and Restaurants, Palisades Park and access to Santa Monica' s most pristine beaches. Pedestrian-friendly streets like 3rd Street, Ocean Avenue, Wilshire Boulevard, and Montana Avenue are minutes away and teeming with fashionable eateries, well-known retailers, boutiques and movie theatres