1111 Lincoln Boulevard Santa Monica, CA 90403
This classic Mid-Centry Modern property in the Wilshire-Montana neighborhood is available for the 1st time in decades. It features 10 Huge Units averaging 1, 000 SF each, and there is over 35% upside on rents. The unit mix is outstanding with (8) 2BR/2BA units, and (2) 1BR/1BA units. The low Price per SF for the area ($441) makes this property the best value North of Wilshire. The building front features a lovely facade with brick planters and wainscotting that creates visually stunning curb appeal. There is secure subterannian parking with automatic gate, controlled access, and on-site laundry so tenants will feel safe and secure. There is no seismic retrofit required. The building systems have recently been updated with new paint/stucco exterior, parking gates front & back, and a new re-circulation pump, expansion tank and sump pump. Some of the plumbing supply lines have been re-piped with copper, and there is new carpeting in the exterior stairwells. The roof was also recently repaired and coated with silicone sealant, and there are new gutters & downspouts. The location is spectacular! It is just a few blocks from Inspiration Point, Palisades Park, the renowned Saint Monica's Prep School and Church, the 3rd Street Promenade, and across the street from Emerson Park with tennis & basketball courts, etc. The family has lovingly maintained this charming property for over 50 years and is now ready to a set a place at the table for a new owner. Your investment in this Prime location will be lucrative with a property that will be cost-effective to operate and easy to maintain.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive
- MLS ID Number24378867
- Home Size Source Assessor
- Year Built1968
- Lot Size0.1726 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 10
- Number of Stories Multi/Split2
- Acreage 0.1726
- Security Automatic GateCarbon Monoxide Detector(s)Gated CommunityFire Sprinkler System
- Zoning SMR2*
- Listing Conditions Standard
- Direction Faces West
Interior Features
- Cooling None
- Heating Wall Furnace
- Appliances Disposal
- Laundry Features In Garage
Community Features
- Senior Community No
- MLS Area C14 - Santa Monica
- Security Features Automatic GateCarbon Monoxide Detector(s)Gated CommunityFire Sprinkler System