tomo logo

$3,850,000

Beds
24
sq ft
10,434

1143 Lincoln Blvd, Santa Monica, CA 90403

1143 Lincoln Blvd

Santa Monica, CA 90403

  • 25 days on market
    • Price drop $300,000↓
We are pleased to offer for sale an incredible multifamily asset located at 1143 Lincoln Blvd. in the heart of LA's famed beach city of Santa Monica. Originally built in1976, the building boasts an incredibly unique unit mix consisting of all very large 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (8) 3-bed, 2-bath units. Many of the units have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. Additionally, units feature fireplaces and balconies. This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 1143 Lincoln Blvd. gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.

Details

Property type

Lot size

7,520 sq ft

Price per sq ft

$369

Year built

1976

HOA

No

Price History

02/13/2025
CLAW

CLAW #25491091

Price change
$3,850,000
-7.23%
01/29/2025
CLAW

CLAW #25491091

Listed
$4,150,000

Schools & Community

Neighborhood: 

Wilshire/Montana

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 02/23/2025 at 6:35 AM

Listing updated: 02/13/2025 at 11:15 AM

Listed by: Jonathan Taksa, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #25491091

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