This south-facing, oceanfront residence, is truly move-in ready. Unit has been completely gut renovated & redesigned w/ the highest-quality finishes & a sophisticated, on-trend aesthetic & smart home full functionality w/ RH lighting & Kohler fixtures. 2 true bdrms, split-floorplan layout, ea. w/ its own ensuite bathroom & custom California closets. The primary is exceptionally appointed, w/ 2 walk-in closets. South exposure provides abundant natural light all day. The kitchen is designed for both functionality & style, equipped w/ high-end KitchenAid SS appliances, including a gas range, perfect for the serious home chef. Enjoy ocean vws from your glass enclosed balcony. W/D may be added to the unit, but laundry room/storage is directly across the hall. (owner has an additional storage ROOM at $1500/yr). An iconic Morris Lapidus–designed building, the property has been fully brought up to current inspection and SIRS standards. A special assessment of $340 per month is in place and may be assumed by the buyer. This assessment services a $16.5 million draw on the building’s line of credit used for mandated improvements, with an additional $6 million remaining available if needed. The special assessment may be paid in full at closing, paid semi-annually, or assumed at the monthly rate. No lease 1sr yr. owned. Min lease term of 3 months, 1x/year. Amenities include 24-hour security, valet service, fitness center, pool, sauna, whirlpool, & an on-site convenience store.
