1301 11th Street, Santa Monica, CA 90401
- $2,975,000
- 14
- BD
- 12
- BA
- 9,485
- SqFt
- List Price
- $2,975,000
- Status
- ACTIVE
- MLS#
- 26987793
- Year Built
- 1957
- Bedrooms
- 14
- Bathrooms
- 12
- Living Sq. Ft
- 9,485
- Lot Size
- 7,477
- Acres
- 0.17
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Large 11 unit building in Santa Monica offered at 12.9 GRM and cap rate of approximately 5.1%. 9,485 square ft. building. Priced at $314 per foot. Excellent unit mix of 3 two-bedroom one bathroom and 8 one-bedroom one bathroom and 1 studio apartment, 8 onsite parking. Landlord will deliver 2 one car garages vacant. Well maintained building in the heart of Santa Monica. New roof, soft story retrofit completed. Located across the street from the Broad Stage on 11th. All units are occupied. Please do not walk on 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.
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Additional Information
- Appliances
- Dishwasher, Disposal, Refrigerator
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Garage Spaces Total
- 3
- Attached Structure
- Detached
- Number Of Units Total
- 11
Listing courtesy of Listing Agent: David Putnam (Davidputnam5@gmail.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
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