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911 Lincoln Blvd

Santa Monica, CA 90403
  • $5,600,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 21-782156
UPDATED: 40 min ago
$5,600,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,076
    SQFT
  • $693
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

Presenting 911 Lincoln Boulevard, located north of Wilshire Boulevard in prime Santa Monica, only one block south of prestigious Montana Avenue. Tenants can enjoy close proximity to Santa Monica beaches, as well as shopping, dining and nightlife on Third Street Promenade and Main Street.The desirable unit mix consists of (2) two-bedroom/one-bathroom and (8) one-bedroom/one-bathroom units. Some units offer private garage parking and have been updated with stainless steel appliances, quartz countertops and custom cabinetry. All units have spacious floorplans, dishwashers and lots of natural light. With 25% upside potential in rents, this property offers investors a value-add opportunity for future rent growth.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. 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/121382686
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911 Lincoln Blvd Santa Monica, CA 90403

  • Price: $5,600,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 40 min ago
  • MLS #: 21-782156
12
Beds
0
Baths
0
½ Baths
0.17
Acres
8,076
SQFT
$693
$/SQFT
1958
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Presenting 911 Lincoln Boulevard, located north of Wilshire Boulevard in prime Santa Monica, only one block south of prestigious Montana Avenue. Tenants can enjoy close proximity to Santa Monica beaches, as well as shopping, dining and nightlife on Third Street Promenade and Main Street.The desirable unit mix consists of (2) two-bedroom/one-bathroom and (8) one-bedroom/one-bathroom units. Some units offer private garage parking and have been updated with stainless steel appliances, quartz countertops and custom cabinetry. All units have spacious floorplans, dishwashers and lots of natural light. With 25% upside potential in rents, this property offers investors a value-add opportunity for future rent growth.
Exterior Features

Lot Size Area 7501 Other Structures None Parking Garage Carport Total Parking 11

Interior Features

Bathroom Features Shower Over TubRemodeledTile Baths Total 10.00 Cooking Appliances MicrowaveOven-GasGas/Electric RangeRange Hood Cooling Wall/Window Equipment Ceiling FanDishwasherRange/OvenRefrigeratorMicrowave Heating Wall Laundry In UnitLaundry Area

Property Features

Gross Income 316776 Gross Operating Income 307273 Like Units1 2 Like Units2 8 Net Operating Income 200143.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 39981 Type Of Units Apartment Year Built Source Seller Zoning Smr2*

Listing provided courtesy of Kimberly Roberts Stepp DRE#01251767 of Stepp Commercial.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. 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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