Thank you
Sean Rosenzweig
Marcus & Millichap
310-909-5500
We are pleased to offer the opportunity to acquire 1323 11th Street, a 10 unit partially renovated apartment community located in Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located only 0.7 miles from the 3rd Street Promenade and provides easy access to everyday amenities. Consisting of one building on a 7,485 square foot parcel, the property is comprised of seven one-bedroom units, and three two-bedroom units. Current Ownership has extensively renovated 80 percent of the units and feature new flooring throughout, newly remodeled kitchen with modern quartz countertops, new stainless-steel appliances, stainless-steel dishwasher, stainless-steel stove/oven, large farmhouse style stainless-steel sink, large open dining area and living room area. Renovated Units also include new remodeled bathrooms, modern vanity, spacious closets, and cabinet space throughout unit. 1323 11th Street provides investors a rare buying opportunity that provides an immediate healthy income stream, with remaining rental upside in a prime coastal market.
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Total Bedrooms : 13
Total Baths: 10
Full Baths: 0
Half Baths: 0
Year Built: 1958
Building Area Total: 7,098
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1718
Lot Size Source: Assessor
Lot Size Square Feet: 7485
Original List Price: 4,800,000
Listing Contract Date: 2024-02-29
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4282013018
Garage Description: Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Postal Code Plus 4: 2027
Directions: West of Santa Monica Boulevard & North of Lincoln Boulevard
Zoning: SMR3*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 66
Year Built Source: Assessor
Total Square Feet Living: 7098
Levels or Stories: Two,Multi/Split
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1528 11th Street, Santa Monica, CA,90401 | $2,600,000 | -- | -- | 6,414 | 7489 Sqft |
1755 Ocean Avenue #PH1003, Santa Monica, CA,90401 | $3,500,000 | 2 | 2 | 1,736 | 37909 Sqft |
1755 Ocean Avenue #503, Santa Monica, CA,90401 | $3,995,000 | 3 | 3 | 2,096 | 37909 Sqft |
1518 10th Street, Santa Monica, CA,90401 | $4,175,000 | 17 | -- | 10,080 | 7490 Sqft |
1705 Ocean Avenue #509, Santa Monica, CA,90401 | $2,199,000 | 2 | 2 | 1,324 | 40870 Sqft |
1705 Ocean Avenue #302, Santa Monica, CA,90401 | $2,098,000 | 2 | 2 | 1,552 | 40870 Sqft |
1417 10th Street, Santa Monica, CA,90401 | $2,899,000 | 8 | -- | 4,541 | 7507 Sqft |
1755 Ocean Avenue #602, Santa Monica, CA,90401 | $2,095,000 | 2 | 2 | 1,560 | -- |
1755 Ocean Avenue #414, Santa Monica, CA,90401 | $3,400,000 | 2 | 2 | 1,576 | -- |
1755 Ocean Avenue #314, Santa Monica, CA,90401 | $1,895,000 | 2 | 1 | 1,390 | -- |
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ByOwner last updated this listing 05/06/2024 @ 07:44
MLS: 24363513
LISTED BY: Sean Rosenzweig, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.