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(323) 864-4211
Linda Roth Burrell
1301 11th St, Santa Monica, CA 90401
- $2,975,000
- 14
- BD
- 12
- BA
- 9,485
- SqFt
- List Price
- $2,975,000
- MLS#
- 26987793
- Year Built
- 1957
- Bedrooms
- 14
- Bathrooms
- 12
- Living Sq. Ft
- 9,485
- Lot Size
- 7,477
- Days on Market
- 30
- Property Type
- Multifamily
- Stories
- 2
Property Description
Large 11 unit building in the heart of Santa Monica. Offered at $314 per foot and $271,000 per unit. 9,485 square ft. building. There is nearly 40% upside in gross rental income when accounting for future vacancies. Excellent unit mix: 3 two-bedroom one bathroom and 7 one-bedroom one bathroom and 1 studio apartment, 8 onsite parking. Landlord will deliver 2 adjacent one car garages vacant. Located at 11th and Arizona, across from the Broad Stage. All units are occupied. Please do not walk on the property or disturb tenants. Inside with acceptable offer. Rent roll and OM are attached under docs. Expenses are estimated at 35% including new property tax, excluding management expense. All units have private patio or balcony.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Wall/Window
- Number of Cars in Garage
- Carport, Garage - 1 Car
- Garage Spaces Total
- 3
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Courtesy of Berkshire Hathaway HomeServices California Propert, David Putnam - CA DRE#01036004
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