$2,975,000
1301 11th Street
Santa Monica, CA 90401
14
Beds
12
Baths
9,485
Sq. Ft.
1957
Year Built
Los Angeles
County
ResidentialIncome
Property Type
About this home
Large 11 unit building in the heart of Santa Monica. Offered at $314 per foot and $271,000 per unit. 9,485 square ft. building. There is nearly 40% upside in gross rental income when accounting for future vacancies. Excellent unit mix: 3 two-bedroom one bathroom and 7 one-bedroom one bathroom and 1 studio apartment, 8 onsite parking. Landlord will deliver 2 adjacent one car garages vacant. Located at 11th and Arizona, across from the Broad Stage. All units are occupied. Please do not walk on the property or disturb tenants. Inside with acceptable offer. Rent roll and OM are attached under docs. Expenses are estimated at 35% including new property tax, excluding management expense. All units have private patio or balcony.
Property Details
Architecture
Features & Amenities
Property Features
Community
Tax & Financial
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Mortgage Estimate
$15,834/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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