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1323 11th St
Santa Monica, CA 90401
A 10-Unit Renovated Apartment with Upside · Multifamily Property For Sale
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10 Units
Investment Highlights
- Extremely rare opportunity to acquire a renovated apartment building north of Santa Monica Boulevard in Santa Monica
- Residents can easily access the 10 freeway and major thoroughfares such as Wilshire, Santa Monica, and Olympic Boulevards within five minutes
- 80% renovated and upgraded asset with remaining value-add
- The government required seismic retrofit work has been completed which saves a new investor substantially in capital and time
- Fifteen minute walk to the 3rd Street Promenade
- Investors can expect to have low repair & maintenance expenses as current ownership has made extensive renovations over the last few years
Property Facts
| No. Units | 10 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,098 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Zoning | SMR3* | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,098 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | SMR3* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 - 900 |
| 2+1 | 3 | - | 900 - 1,100 |
Property Taxes
| Parcel Number | 4282-013-018 | Improvements Assessment | $798,360 |
| Land Assessment | $3,280,937 | Total Assessment | $4,079,297 |
Property Taxes
Parcel Number
4282-013-018
Land Assessment
$3,280,937
Improvements Assessment
$798,360
Total Assessment
$4,079,297
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