Description
We are pleased to offer for sale an incredible multifamily asset located at 1143 lincoln blvd. in the heart of la's famed beach city of santa monica. originally built in1976, the building boasts an incredibly unique unit mix consisting of all very large 3-bedroom floor plans. each of these units is spacious, has a terrific layout, and offers an abundance of natural light. perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a newer roof, as well as an on-site laundry facility. the unit mix includes (8) 3-bed, 2-bath units. many of the units have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. additionally, units feature fireplaces and balconies. this is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. a quick stroll to downtown santa monica, montana avenue, and the beach, this property is situated close to all santa monica has to offer. with incredible in-place income, enormous rental upside potential, and a secured tenant base, 1143 lincoln blvd. gives buyers the unique opportunity to own a generational asset in one of la's most prized and coveted locations.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48458677
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 24
Bathroom Information
- Total Baths: 16
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Dishwasher,Microwave
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1976
- Building Area Total: 10,434
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1726
- Lot Size Dimensions: 50x150
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 7520
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Listing Information
Listing Price Information
- Original List Price: 3,850,000
- Listing Contract Date: 2025-01-29
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 4281035013
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C14 - Santa Monica
- Directions: North of Wilshire, blocks to the Ocean.
- Zoning: SMR2*
- Source Property Type: Residential Income
- Area: C14 - Santa Monica
Building and Construction
- Property Age: 49
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 10434
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 02/22/2025 @ 02:40
- MLS: 25491091
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 24 bedrooms which is for sale, it has 10,434 sqft, 7,520 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Monica , in zip code 90403, this Los Angeles County Home are nearby neighborhoods.