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Property Description

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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Additional Information
Marcus & Millichap
0
CLW-C107850
CLW-X7515101
Sean
4282013018
: Standard
Two,Multi/Split
32

Multi-Family For Sale

1323 11th Street, Santa Monica, California 90401

7,098 Sqft
$4,800,000
Listing ID #24363513
Basic Details
Status : Active
DaysOnMarket : 33
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24363513
Price : $4,800,000
Living Area : 7,098 Sqft
Lot Size : 7,485 Sqft
Year Built : 1958
Country : US
State : California
County : Los Angeles
City : Santa Monica
Zipcode : 90401
Price Per Square Foot : $676
ModificationTimestamp : 2024-04-02 11:45:11
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