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$4,300,000
Est. payment /mo
7,098 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,098 sqft
Price per Sqft $605
MLS Listing ID CL25531737
HOA Y/N No
Year Built 1958
Lot Size 7,485 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. 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 within walking distance to the 3rd Street Promenade and provides easy access to everyday amenities. Situated on a 7,485 square foot lot, the property consists of a single building with seven one-bedroom units and three two-bedroom units. Current ownership has extensively renovated 80% of the units, featuring new flooring throughout, modern kitchens with quartz countertops, stainless steel appliances including dishwasher, stove/oven, and farmhouse-style sink and open-concept dining and living areas. Renovated units also include updated bathrooms, contemporary vanities, spacious closets, and ample cabinet space.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.
Location
State CA
County Los Angeles
Zoning SMR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 4282013018
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Listed by Sean Rosenzweig • Marcus & Millichap
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