$3,999,000
- Beds
- 18
- sq ft
- 10,356
1111 Lincoln Blvd, Santa Monica, CA 90403
1111 Lincoln Blvd
Santa Monica, CA 90403
- 85 days on market
This classic Mid-Centry Modern property in the Wilshire-Montana neighborhood is available for the 1st time in decades. It features 10 Huge Units averaging 1,000 SF each, and there is over 35% upside on rents. The unit mix is outstanding with (8) 2BR/2BA units, and (2) 1BR/1BA units. The low Price per SF for the area ($441) makes this property the best value North of Wilshire. The building front features a lovely facade with brick planters and wainscotting that creates visually stunning curb appeal. There is secure subterannian parking with automatic gate, controlled access, and on-site laundry so tenants will feel safe and secure. There is no seismic retrofit required. The building systems have recently been updated with new paint/stucco exterior, parking gates front & back, and a new re-circulation pump, expansion tank and sump pump. Some of the plumbing supply lines have been re-piped with copper, and there is new carpeting in the exterior stairwells. The roof was also recently repaired and coated with silicone sealant, and there are new gutters & downspouts. The location is spectacular! It is just a few blocks from Inspiration Point, Palisades Park, the renowned Saint Monica's Prep School and Church, the 3rd Street Promenade, and across the street from Emerson Park with tennis & basketball courts, etc. The family has lovingly maintained this charming property for over 50 years and is now ready to a set a place at the table for a new owner. Your investment in this Prime location will be lucrative with a property that will be cost-effective to operate and easy to maintain.
Details
Property type
Lot size
7,519 sq ft
Price per sq ft
$387
Year built
1968
HOA
No
Price History
06/06/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #24378867
Price change
$3,999,000
+0.1%
06/05/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #24378867
Price change
$3,995,000
-4.88%
05/20/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #24378867
Pending
$4,200,000
Schools & Community
Neighborhood:
Wilshire/Montana
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 07/05/2024 at 9:45 PM
Listing updated: 06/06/2024 at 10:13 AM
Listed by: Keith Moret, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CLAW #24378867
![CLAW logo](/_next/static/media/clawLogo.95a18e7e.png)
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