1007 Lincoln Blvd | Santa Monica, CA 90403
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- LoopNet Team
1007 Lincoln Blvd
Santa Monica, CA 90403
Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Unit Mix: (4) 1Bed/1Bath, (6) 2Bed/2Bath & (1) 2Bed/2Bath
- 45% of Units Delivered Vacant
- Parking for Every Unit | Subterranean Parking & Soft-Story Retrofit Complete
- Value-Add Opportunity | 55% Rental Upside
- Average Unit Size ±840 SF
- Outdoor Balconies for Select Units
PROPERTY FACTS
| No. Units | 11 | Building Size | 8,982 SF |
| Property Type | Multifamily | Average Occupancy | 55% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | SMR3YY | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,982 SF |
| Average Occupancy | 55% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | SMR3YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+2 | 7 | - | 900 - 1,250 |
PROPERTY TAXES
| Parcel Number | 4281-034-024 | Improvements Assessment | $1,606,500 |
| Land Assessment | $2,983,500 | Total Assessment | $4,590,000 |
PROPERTY TAXES
Parcel Number
4281-034-024
Land Assessment
$2,983,500
Improvements Assessment
$1,606,500
Total Assessment
$4,590,000
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