The 11th Street Apartments, a pride-of-ownership 6-unit complex,in one of the best location in the City of anta Monica, California. A rare opportunity for an investor to acquire a very well located apartment community in one of highest barrier to entry submarket in the Santa Monica.
The property is unique with its ideal location, a few blocks away from the beach and world famous pier. Santa Monica has been rated one of the highest rental markets in the nation, combined with a fantastic locale this real estate investment is perfect for the future upside potential to park your cash and watch it grow. Because of this superb location, it has a high Walking Score ,demonstrating an extremely high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. With its superb demographics and an average household income of ±$120,740 within a 1.5 mile radius. The property is a two story garden style apartment that was built in 1962. It offers an excellent unit mix of one (1) 3bed+2bath, four (4) 2bed+1bath, (1) 1bed+1bath . All units are large with some having a private patio/balcony. Parking is provided by carports in the back and in the center of complex additional 2 parking spaces. Each unit is large and bright with many windows. All units have been well maintained. The property has a shared laundry room,separately metered for electricity and gas.
