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1118 11Th Street

Santa Monica, CA 90403
  • $4,200,000
  • STATUS: Pending
  • ON SITE: 21 Days
  • ID#: 21104069
Pending
UPDATED: 27 min ago
$4,200,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing provided courtesy of Don Favia of Realty Investment Advisors, Inc. and Benjamin J. Hsiang of Realty Investment Advisors, Inc.

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 California Regional Multiple Listing Service, Inc. as of 2021-12-02T19:29:30.38. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123191479
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1118 11Th Street Santa Monica, CA 90403

  • Price: $4,200,000
  • Status: Pending
  • On Site: 21 Days
  • Updated: 27 min ago
  • ID#: 21104069
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1958
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - 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 0 Direction Faces East Parking Features GarageTandem Parking Total 11 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances MicrowaveDryer Cooling Wall/Window Unit(S) Cooling YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Disclosures Rent Control Garage YN Yes Gross Income 250750 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 164054 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Zoning Smr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T19:29:30.38. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Don Favia of Realty Investment Advisors, Inc. and Benjamin J. Hsiang of Realty Investment Advisors, Inc.