$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
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CLAW #25491091
Price change
$3,850,000
-7.23%
01/29/2025
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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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