1323 11th St | Santa Monica, CA 90401
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- LoopNet Team
1323 11th St
Santa Monica, CA 90401
Renovated Apartment with Remaining Value-Add · Multifamily Property For Sale · 10 Units
Investment Highlights
- Extremely Rare Opportunity to Acquire a Renovated Apartment Building North of Santa Monica Boulevard in Santa Monica
- Residents Can Easily Access the 10 Freeway and Major Thoroughfares Such as Wilshire, Santa Monica, and Olympic Boulevards Within Five Minutes
- 80% Renovated and Upgraded Asset with Remaining Value-Add
- The Government Required Seismic Retrofit Work has Been Completed Which Saves a New Investor Substantially in Capital and Time
- Fifteen Minute Walk to the 3rd Street Promenade
- Investors Can Expect to Have Low Repair & Maintenance Expenses as Current Ownership Has Made Extensive Renovations Over the Last Few Years
PROPERTY FACTS
| No. Units | 10 | Building Size | 7,098 SF |
| Property Type | Multifamily | Average Occupancy | 70% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 0.17 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,098 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.83/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 600 |
| 2+1 | 3 | - | 800 |
PROPERTY TAXES
| Parcel Number | 4282-013-018 | Improvements Assessment | $1,113,008 |
| Land Assessment | $4,574,012 | Total Assessment | $5,687,020 |
PROPERTY TAXES
Parcel Number
4282-013-018
Land Assessment
$4,574,012
Improvements Assessment
$1,113,008
Total Assessment
$5,687,020
zoning
| Zoning Code | SMR3* |
| SMR3* |
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