911-915 Lincoln Blvd | Santa Monica, CA 90403
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- LoopNet Team
911-915 Lincoln Blvd
Santa Monica, CA 90403
Multifamily Property For Sale · 10 Units
Investment Highlights
- Located north of Wilshire Boulevard in prime Santa Monica
- 3.5% cap rate with current rents; 4.9% cap rate with rents at market
- 6.7% cash-on-cash return with rents at market and 3.8% cash-on-cash return with current rents
- ±25% upside potential in rental income
- Priced at only 17.84 x current rents; 14.2 x market rents
- One block south of prestigious Montana Avenue
PROPERTY FACTS
| No. Units | 10 | Building Size | 8,076 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.36/1,000 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 | 8,076 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.36/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $3,300 | - |
| 2+1 | 2 | $3,400 | - |
PROPERTY TAXES
| Parcel Number | 4281-033-021 | Improvements Assessment | $1,716,660 |
| Land Assessment | $4,005,540 | Total Assessment | $5,722,200 |
PROPERTY TAXES
Parcel Number
4281-033-021
Land Assessment
$4,005,540
Improvements Assessment
$1,716,660
Total Assessment
$5,722,200
zoning
| Zoning Code | SMR2 |
| SMR2 |
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