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1112 11th Street

Santa Monica, CA 90403
  • $3,000,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 24352039
UPDATED: 57 min ago
$3,000,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,388
    SQFT
  • $557
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Wes Wellman of Wellman Realty Co. (310-829-7423)


Description

5 vacant 1BR/1BA units in 8-unit building (2-Uppers and 3-Lowers). Charming mid-century traditional style. Rare opportunity providing a virtual blank slate to reimagine a building and create amenity-rich homes in a destination neighborhood for affluent professionals. Vacant units available for showings. Vacant unit and laundry rents are projected. GRM is based on these rents. Units are separately metered for gas and electricity. Walk score 87, Bike Score 95, Transit Score 70 .

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T18:32:51.543. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147090374
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1112 11th Street Santa Monica, CA 90403

  • Price: $3,000,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 57 min ago
  • ID#: 24352039
8
Beds
0
Baths
0
½ Baths
0.17
Acres
5,388
SQFT
$557
$/SQFT
1954
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
5 vacant 1BR/1BA units in 8-unit building (2-Uppers and 3-Lowers). Charming mid-century traditional style. Rare opportunity providing a virtual blank slate to reimagine a building and create amenity-rich homes in a destination neighborhood for affluent professionals. Vacant units available for showings. Vacant unit and laundry rents are projected. GRM is based on these rents. Units are separately metered for gas and electricity. Walk score 87, Bike Score 95, Transit Score 70 .
Exterior Features

Parking Features DrivewayCommunity Structure Parking Total 6

Interior Features

Cooling None Cooling YN No

Property Features

Association YN No Cap Rate 5.02 Disclosures Seller Disclosure Gross Income 210096 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 150640 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning SMR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T18:32:51.543. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Wes Wellman of Wellman Realty Co. (310-829-7423)