1323 11th Street, Santa Monica

$4,800,000

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13 Beds
10 Baths
7,098 Sqft
.17 Acre
0 Garage

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.

Essential Information

MLS® #
24363513
Price
$4,800,000
Bedrooms
13
Bathrooms
10.00
Square Footage
7,098
Acres
0.17
Year Built
1958
Type
Residential Income
Status
Active

Community Information

Address
1323 11th Street
Area
C14 - Santa Monica
City
Santa Monica
County
Los Angeles
Zip Code
90401
Senior Community
N

Amenities

Parking Spaces
13
Parking
Carport
Garages
Carport

Interior

# of Stories
2
Stories
Two, Multi/Split

Additional Information

Date Listed
February 29th, 2024
Days on Market
59
Zoning
SMR3*

Listing Details

Agent
Sean Rosenzweig
Office
Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 7:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.