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1904 11th Street

Santa Monica, CA 90404
  • $3,250,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: SC22161884
UPDATED: 53 min ago
$3,250,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Listing Agent(s): Mark Epstein of Mark Epstein & Associates (310-993-8966)


Description

Non-rent control building in superb high demand location in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the city and the Los Angeles area with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and great access to the 10 Freeway. Excellent curb appeal, pride of ownership property. Charming building with a serene garden and beautiful buildings surrounding the property. New copper piping throughout the attic. Staircase redone 2014; New fence 2021. 4 units have been fully upgraded including in-unit laundry. One additional unit partially upgraded with kitchen and flooring. Minimum maintenance requirements with upside potentials on remaining non-upgraded units. Parking spaces in the back plus attached garage. Zero soft story retrofit. Two units deeded as low and moderate income until 2042. Opportunity to covert one non-conforming unit to ADU. Property has been impeccably maintained and offers a pride of ownership opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/131250402
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1904 11th Street Santa Monica, CA 90404

  • Price: $3,250,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 53 min ago
  • ID#: SC22161884
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1986
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
Non-rent control building in superb high demand location in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the city and the Los Angeles area with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and great access to the 10 Freeway. Excellent curb appeal, pride of ownership property. Charming building with a serene garden and beautiful buildings surrounding the property. New copper piping throughout the attic. Staircase redone 2014; New fence 2021. 4 units have been fully upgraded including in-unit laundry. One additional unit partially upgraded with kitchen and flooring. Minimum maintenance requirements with upside potentials on remaining non-upgraded units. Parking spaces in the back plus attached garage. Zero soft story retrofit. Two units deeded as low and moderate income until 2042. Opportunity to covert one non-conforming unit to ADU. Property has been impeccably maintained and offers a pride of ownership opportunity.
Exterior Features

Lot Features 0-1 Unit/AcreLevelNear Public TransitRectangular Lot Number Of Separate Electric Meters 7 Open Parking Spaces 7 Parking Features ConcreteDoor-SingleGarageOn SiteGarage Faces RearOne Space Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.73 Common Interest None Community Features CurbsUrban Electric Expense 1420 Fuel Expense 1676 Garage YN Yes Gross Income 179880 Gross Scheduled Income 179880 Insurance Expense 3415 Land Lease YN No Laundry Features InsideSee Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalSubmit Maintenance Expense 2400 Net Operating Income 121362 New Construction YN No New Taxes Expense 42250 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 58518 Pest Control Expense 780 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 225 Total Actual Rent 179880 Trash Expense 2556 Water Sewer Expense 2116 Water Source Public Zoning Smr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
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Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent(s): Mark Epstein of Mark Epstein & Associates (310-993-8966)