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    1323 11Th St

    Santa Monica, CA 90401
    • $4,950,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 21-681732
    UPDATED: 32 min ago
    $4,950,000
    • 13
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,098
      SQFT
    • $697
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    I am pleased to offer the opportunity to acquire 1323 11thStreet, a 10 unit renovated apartment community located in prime Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located within walking distance to the 3rd Street Promenade and provides easy access to everyday amenities. Consisting of one building on a 7,483 square foot parcel, the property comprises of seven one-bedroom units, and three two-bedroom units. Current Ownership has extensively renovated eight units and features new flooring throughout, newly remodeled kitchen with modern quartz countertops, all brand-new stainless steel appliances including large stainless-steel fridge, 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, lots of closet and cabinet space throughout unit, and much more.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T22:42:40.113. 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.desertarealuxuryhomes.com/homes/113437510
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    1323 11Th St Santa Monica, CA 90401

    • Price: $4,950,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 21-681732
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,098
    SQFT
    $697
    $/SQFT
    1958
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    I am pleased to offer the opportunity to acquire 1323 11thStreet, a 10 unit renovated apartment community located in prime Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located within walking distance to the 3rd Street Promenade and provides easy access to everyday amenities. Consisting of one building on a 7,483 square foot parcel, the property comprises of seven one-bedroom units, and three two-bedroom units. Current Ownership has extensively renovated eight units and features new flooring throughout, newly remodeled kitchen with modern quartz countertops, all brand-new stainless steel appliances including large stainless-steel fridge, 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, lots of closet and cabinet space throughout unit, and much more.
    Exterior Features

    Lot Size Area 7483 Other Structures None Parking Garage Covered Parking Total Parking 13

    Interior Features

    Baths Total 10.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 861020 Gross Income 333180 Gross Operating Income 326815 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 233209.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 93605 Type Of Units Residential Year Built Source Assessor Zoning Smr3*

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T22:42:40.113. 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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