1323 11th Street, Santa Monica CA, 90401

Active

1323 11th Street

Santa Monica CA, 90401

$4,800,000

$676.25 per sqft

Active

13 Beds

10 Baths

7,098 sqft

Residential

Built in 1958

Listed by Sean Rosenzweig with 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.

24363513

MLSⓇ ID

February 29, 2024

Listed

April 2, 2024

Updated

Map

1323 11th Street
Santa Monica CA, 90401

Interior Features

Total Stories: 2
Bedrooms: 13
Total Bathrooms: 10
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres

Other Property Details

Area Name: C14 - Santa Monica
Days on Market: 33
Garage: No
Parking: Carport
Parking Total: 13
View: No
County: Los Angeles
Pool: No
Zoning: SMR3*
Buyer Agency Compensation: 1.5%

Listing Contact: 310-909-5500

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/2/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 4/2/2024 at 7:40 PM UTC