Keith Moret
This listing was posted on RealtyWW.
$4,400,000
Home For Sale In Santa Monica, California
Price:
$4,400,000
BR/BA:
10+ BR, 10+ BA
Location:
1111 Lincoln Blvd Apt 1, Santa Monica, CA
Description:
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 and 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 and 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 and 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.For more details: https://realtyww.info/homes_santa-monica-d526236/for-sale_i70576243
Property Type:
Single-Family Houses
Amenities:
Basketball, Parking, Tennis
Posted:
April 13 on RealtyWW
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More About this Listing: Home For Sale In Santa Monica, California
Home For Sale In Santa Monica, California is a 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale at 1111 Lincoln Blvd Apt 1 in Santa Monica CA. Find other listings like Home For Sale In Santa Monica, California and listings near 1111 Lincoln Blvd Apt 1 by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale in Santa Monica CA.
Home For Sale In Santa Monica, California is a 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale at 1111 Lincoln Blvd Apt 1 in Santa Monica CA. Find other listings like Home For Sale In Santa Monica, California and listings near 1111 Lincoln Blvd Apt 1 by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale in Santa Monica CA.