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1323 11th St
Santa Monica, CA 90401
10 Unit Apartment on 11th St · Multifamily Property For Sale · 10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 7,098 SF |
| Property Type | Multifamily | Average Occupancy | 70% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1958/2019 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 0.17 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,098 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2019 |
| Parking Ratio | 1.83/1,000 SF |
About 1323 11th St , Santa Monica, CA 90401
A rare and great opportunity to acquire one of the most high demanding income properties in Southern California. This 10 unit apartment is in the prime center of Santa Monica between Wilshire Blvd and Santa Monica Blvd., only several blocks away from the famous 3rd St. Promenade with trendy shops and restaurants and the world famous Santa Monica Pier. Located in the heart of the employment hub for numerous high technology companies, this property has enormous potential for future value increase. The property was completed with the Santa Monica Retrofit in 2019. The recent upgrade includes termite completion, new double paned vinyl windows, new water heater, and new exterior painting. (5) 1Br 1Ba with 1 parking spaces each, (1) 1Br 1Ba with no parking, and (3) 2Ba, 1Ba units with 2 tandem parking spaces each. In addition, the laundry room provides extra income. Currently the building is 100% occupied but (1) one bed unit will be delivered vacant at COE.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 4282-013-018 | Improvements Assessment | $782,706 |
| Land Assessment | $3,216,605 | Total Assessment | $3,999,311 |
PROPERTY TAXES
zoning
| Zoning Code | SMR3* |
| SMR3* |
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