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1323 11th St
Santa Monica, CA 90401 Mid-City Santa Monica

$3,950,000 USD

Apartments For Sale  •  7,098 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,098 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1958
  • Zoning SMR3*
70 Transit Score
70 Walk Score

Highlights

Extremely rare opportunity to acquire a renovated apartment building north of Santa Monica Boulevard in Santa Monica
The government-required seismic retrofit work has been completed which saves a new investor substantially in capital and time
Residents can easily access the 10 freeway and major thoroughfares such as Wilshire, Santa Monica, and Olympic Boulevards within five minutes
15-Minute walk to the 3rd Street Promenade
The two legacy 1BR/1BA units average $1,578/mo vs. $2,495 market rent — a $918/unit gap offering upside through turnover and renovation
Investors can expect to have low repair & maintenance expenses as current ownership has made extensive renovations over the last few years

Public Transportation

Transit/SubwayDriveWalkDistance
17 St/ SMC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 13 min 0.7 mi
Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 18 min - 9.0 mi
Bob Hope 36 min - 21.2 mi
Long Beach (Daugherty Field) 39 min - 29.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Covered
Included in Rent: Yes
Sean Rosenzweig 213-943-1897 Marcus & Millichap
Sean Rosenzweig 213-943-1897 Marcus & Millichap