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1118 11Th St

Santa Monica, CA 90403
  • $4,200,000
  • STATUS: Pending
  • ON SITE: 22 Days
  • MLS #: 21-104069
Pending
UPDATED: 42 min ago
$4,200,000
  • 13
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,948
    SQFT
  • $604
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

Located among the "Rare Air" of Northwest Santa Monica, we are proud to present: 1118 11th Street, an incredible 11-unit investment opportunity! The property is comprised of one (1) 3 bedroom, 2 bath unit, one (1) 2 bedroom 1.5 bath unit, eight (8) 1 bedroom, 1 bath units and one (1) studio 1 bath unit. The building also features a common laundry room, 5 single car garages off the alley and 3 tandem parking spaces in the front of the building (11 parking in total).Ideally located North of Wilshire Blvd, it offers everything within walking distance. From local cuisine to the quick access to the 10 & 405 freeways, and boasting some of the highest walk, bike, and transit scores in the city, 11th street is the place to own property in! The area itself is highly coveted, just eleven blocks from Ocean Avenue, close to hotels and famous dining spots, while still holding small-town charm in one of the most popular cities in Silicon Beach.A rare find for a savvy investor to add to their real estate portfolio, the property will be delivered with 3 vacant units, and the potential to add ADUs.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-03T11:42:37.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/123189616
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1118 11Th St Santa Monica, CA 90403

  • Price: $4,200,000
  • Status: Pending
  • On Site: 22 Days
  • Updated: 42 min ago
  • MLS #: 21-104069
13
Beds
0
Baths
0
½ Baths
0.17
Acres
6,948
SQFT
$604
$/SQFT
1958
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Located among the "Rare Air" of Northwest Santa Monica, we are proud to present: 1118 11th Street, an incredible 11-unit investment opportunity! The property is comprised of one (1) 3 bedroom, 2 bath unit, one (1) 2 bedroom 1.5 bath unit, eight (8) 1 bedroom, 1 bath units and one (1) studio 1 bath unit. The building also features a common laundry room, 5 single car garages off the alley and 3 tandem parking spaces in the front of the building (11 parking in total).Ideally located North of Wilshire Blvd, it offers everything within walking distance. From local cuisine to the quick access to the 10 & 405 freeways, and boasting some of the highest walk, bike, and transit scores in the city, 11th street is the place to own property in! The area itself is highly coveted, just eleven blocks from Ocean Avenue, close to hotels and famous dining spots, while still holding small-town charm in one of the most popular cities in Silicon Beach.A rare find for a savvy investor to add to their real estate portfolio, the property will be delivered with 3 vacant units, and the potential to add ADUs.
Exterior Features

Carport Spaces Total 0 Covered Parking 8 Direction Faces East Garage Structures Total 1 Lot Size Area 7497 Other Structures None Parking Garage GarageTandem Pool Description None Pool YN No Spa None Spa YN No Total Parking 11

Interior Features

Baths Total 13.00 Cooling Wall/Window Equipment Ceiling FanMicrowaveDryerGas Dryer Hookup Heating Wall Gas Laundry Community Laundry Equipment Lease

Property Features

Alley YN Yes Assessed Total Value 330169 Gross Income 250750 Gross Operating Income 243228 Like Units1 1 Like Units2 1 Like Units3 8 Like Units4 1 Net Operating Income 164054.00 Number Of Buildings 2 Number Of Units 11 Owner Pays WaterGardenerOther Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvGasElectricity Total Annual Expense 79174 Type Of Units Multi-Family Water Heaters YN Yes Year Built Source Assessor Zoning Smr2*

Listing provided courtesy of Don Favia DRE#01841258 of Realty Investment Advisors, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-03T11:42:37.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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