1145 11TH Street

    Santa Monica, CA 90403
    • $4,800,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 18306866
    UPDATED: 41 min ago
    $4,800,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,040
      SQFT
    • $952
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    We are proud to present an excellent opportunity to acquire an eleven (11) unit apartment complex in Santa Monica. Just one visit between the twin olive trees and through the wrought iron gate will transport you away from excitement of Santa Monica to a bright and beautifully landscaped, spacious courtyard complete with multiple shaded patio seating areas, convenient built-in BBQ, and bubbling water fountain add even more to the existing character of the building. Additionally, multiple bike parking areas make it easy for your tenants to minimize their carbon footprint by living the "green" lifestyle in sunny Santa Monica! The two buildings consist of five (5) 1 bedroom 1 bath units, and six (6) studios with many units renovated with newer appliances, windows, and doors. All units also feature hardwood floors & tile. Parking consists of mix of carports, garage, and preferential permit parking. See assessor and city to verify all building data. This excellent North of Wilshire location

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T09:25:54.41. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.inlandempiresold.com/homes/80256804

    1145 11TH Street Santa Monica, CA 90403

    • Price: $4,800,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 18306866
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,040
    SQFT
    $952
    $/SQFT
    1930
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are proud to present an excellent opportunity to acquire an eleven (11) unit apartment complex in Santa Monica. Just one visit between the twin olive trees and through the wrought iron gate will transport you away from excitement of Santa Monica to a bright and beautifully landscaped, spacious courtyard complete with multiple shaded patio seating areas, convenient built-in BBQ, and bubbling water fountain add even more to the existing character of the building. Additionally, multiple bike parking areas make it easy for your tenants to minimize their carbon footprint by living the "green" lifestyle in sunny Santa Monica! The two buildings consist of five (5) 1 bedroom 1 bath units, and six (6) studios with many units renovated with newer appliances, windows, and doors. All units also feature hardwood floors & tile. Parking consists of mix of carports, garage, and preferential permit parking. See assessor and city to verify all building data. This excellent North of Wilshire location
    Exterior Features

    Lot Features Sprinklers None Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Electric Expense 3000.00 Fuel Expense 2500.00 Gross Multiplier 17.62 Gross Operating Income 264251.00 Improvements Amount 463505 Insurance Expense 2016.00 Land Value 728373 Laundry YN Yes Maintenance Expense 13621.00 Net Operating Income 176894.00 Other Expense 1000.00 Special Listing Conditions Standard Total Expenses 87357.00 Trash Expense 2500.00 Water Sewer Expense 4100.00 Zoning Smr2*

    Listing provided courtesy of Benjamin J. Hsiang of Benjamin Hsiang.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T09:25:54.41. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    RE/MAX Estate Properties
    street
    Hemet CA, 92545