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1111 Lincoln Boulevard
Santa Monica, CA 90403
Sold
1111 Lincoln Boulevard
Santa Monica, CA 90403
Sold
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.
PROPERTY INFORMATION
| MLS # | 24378867 | Lot Size | 7,519 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,999,000
Price Per SqFt: $ 386 |
DOM | 465 Days |
| Address | 1111 Lincoln Boulevard | Type | Residential Income |
| City | Santa Monica | Sq.Ft. | 10,356 Sq. Ft. |
| Postal Code | 90403 | Garage | N/A |
| County | Los Angeles | Year Built | 1968 |
| Bed / Bath | 18 / 0 | Parking | 10 |
| Built In | 1968 | Status | Closed |
| Sold Date | 2024-08-23 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | In Garage |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
| SecuritySafety | Automatic Gate, Carbon Monoxide Detector(s), Gated Community, Fire Sprinkler System |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,266
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/07/2023 | Listed | $4,400,000 |
Topfind Realty
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(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Keith Moret, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
