Santa Monica, CA 90401 1528 11th Street

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Presented By: PETER MENDEZ with RE/MAX TOP PRODUCERS; 626-786-5487
  • MLS# CV23067440
  • 04/21/2023
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 7
  • FootageSQFT • 6,414

Home Details

Looking for the perfect investment opportunity in the heart of Santa Monica? Look no further than this stunning 6-unit complex, approximately 11 blocks from the beach and walking distance to the famous 3rd St. Promenade. Built in 1962, this 6414 square foot complex boasts 6 large, well-maintained units that are sure to impress. Whether you're an investor looking for a turn-key rental property or an owner-occupier seeking a slice of coastal paradise, this property is the perfect choice. With a prime location just a short stroll from the beach and all the best shopping, dining, and entertainment that Santa Monica has to offer, this complex is a true gem. And with pride of ownership evident in every detail, you can be sure that you're making a wise investment in your future. So why wait? Contact us today to schedule a showing and see for yourself why this commercial 6-unit complex is the perfect choice for your next investment opportunity.
Presented By: PETER MENDEZ with RE/MAX TOP PRODUCERS; 626-786-5487

Interior Features for 1528 11th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall, EndUnit
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea, ElectricDryerHookup, GasDryerHookup
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 1528 11th Street

AccessibilityParking
Additional Parcels Y/NNo
AppliancesGasRange, GasWaterHeater
Architectural StyleContemporary, MidCenturyModern
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NYes
CitySanta Monica
Community FeaturesBiking, Curbs, Sidewalks, Urban
Construction MaterialsDrywall, Stucco
Contingency**2.5% TO S.O. PRIVATE REMARKS: ***PLEASE DO NOT JUST GO ON TO THE PROPERTY**DRIVEBY ONLY. ALL OFFERS MADE SUBJECT TO INTERIOR INSPECTION. ONLY ACCEPTED OFFER NO EXCEPTION!!!! SELLER INTENDS TO EXER
CountyLos Angeles
Current FinancingConventional
Days on Market342
DirectionsN/10 FWY, S/SANTA MONICA BLVD, N/LINCOLN
ElectricElectricityOnProperty
Electric Expense2100.0
Entry LocationAt DOORS!
Exterior FeaturesRainGutters
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income152208.0
HOA0.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense2500.0
Interior FeaturesCeramicCounters, RecessedLighting, TileCounters, AllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional, Submit
Lot Size Square Feet7489.0
MLS AreaC14 - Santa Monica
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income105487.0
New ConstructionNo
Operating Expense35975.0
Other StructuresStables
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer, SewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name11th
Tax LotF
Tenant PaysElectricity, Gas
Total Units6
Trash Expense1000.0
UtilitiesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense7000.0
Waterfront Y/NNo
Year Built1962
Year Built SourcePublicRecords
ZoningSMR3

Exterior for 1528 11th Street

Building Area Total6414.0
Crops Included Y/NNo
Door FeaturesSlidingDoors
FencingBlock, GoodCondition, WroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre, Garden, Landscaped, StreetLevel
Lot Size Acres0.1719
Lot Size Area7489.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport
Road Frontage TypeAlley, CityStreet
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,599,000
MLS#CV23067440
List Date 04/21/2023
Property Type Multi-Family
Phone 714.964.3311
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