Views
Address
1118 11th Street Santa Monica, CA
Price
$ 4,650,000
Property Attributes
  • MLS#SB21012586
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90403
  • Style
  • Price$ 4,650,000
  • Bedrooms11
  • Full Bathrooms11
  • Half Bathrooms0
  • Lot Size7,497 SqFt
Listing Provided Courtesy Of:
Brett Lyon with Lyon Stahl Investment Real Estate, Inc..
Data Source:
CRMLS
Property Description

1118 11th St is an 11-unit building located north of Wilshire Boulevard, in one of the premier residential neighborhoods in the Country. The front building was built in 1940 and the back building was built in 1958. The two buildings consists of 6,948 SF of living space situated on a large 7,497 SF lot. The property offers a great unit mix consisting of (1) 3-Bed/2-Bath, (1) 2-Bed/1-Bath, (8) 1-Bed/1-Bath, and (1) Studio. The property also features an on-site laundry facility and (5) 1-car garages and (3) carports. There is over 50% in upside rent potential & two units can be delivered vacant at the close of escrow. Located exactly 7 blocks from the 3rd Street Promenade, this is an incredible opportunity for any investor seeking growth stability and a hedge against inflation.

Price History
1/20/2021 Listed $4,700,000
3/25/2021 2% - $4,650,000

General Features

Appliances Dryer, Washer
Carport Spaces 3
Carport Y/N Yes
Co-Listing Agent State License # 01399621
Community Features Sidewalks
Cooling None
Garage Spaces 5
Garage Y/N Yes
Listing Agent Brett Lyon - BRE#01717818
Listing Agent State License 01717818
MLS Area C14 - Santa Monica
Parking Features Carport, Garage
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash to New Loan
Total Actual Rent 19855
Total Units 11
View Neighborhood
Virtual Tour https://vimeo.com/499303877
Virtual Tour https://drive.google.com/file/d/14TbJtkvyAO_650JgbxV8qEo9FVZWMECy/view?usp=sharing
Zoning SMR2*

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features Landscaped
Lot Size Acres 0.17
Lot Size Area 7497
Lot Size Source Assessor
Lot Size Square Feet 7497
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 12
Number of Separate Gas Meters 11
Number of Separate Water Meters 1
Total Parking 8
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90403

Price
AVG $5.44M
$4.65M
Visits
AVG 30
58
Year Built
AVG 1958
1940
Walkscore
AVG 87
91
Data Provided by Walkscore ® not using MLS data

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