Skip To Content

953 11th Street

Santa Monica, CA 90403
  • $10,600,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 22182887
UPDATED: 3 min ago
$10,600,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

Listing Agent(s): Alexander Halimi of Douglas Elliman (310-595-3888) and Elizabeth Clark of ()


Description

The Voss Apartments at 947-953 11th Street in the City of Santa Monica. Situated between Montana Avenue and Wilshire Boulevard, the Offering is comprised of two properties on individual parcels. 947 11th Street consists of 8 apartment units and 953 11th Street has 7 units, 15 units with 20 parking spaces provided. The unit types range from singles to one, and two-bedroom units. Private patios, garages, and balconies are featured in select units. Notably, new ownership can take advantage of the property tax benefits through the Mills Act, a California state law that incentivizes historic preservation. The Offering is ideal for a savvy investor seeking to own a trophy asset while also having access to the immediate upside in current collections as the property will be delivered with 2 vacancies at the close of escrow.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. 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/131284394
Print Image

953 11th Street Santa Monica, CA 90403

  • Price: $10,600,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 3 min ago
  • ID#: 22182887
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1937
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
The Voss Apartments at 947-953 11th Street in the City of Santa Monica. Situated between Montana Avenue and Wilshire Boulevard, the Offering is comprised of two properties on individual parcels. 947 11th Street consists of 8 apartment units and 953 11th Street has 7 units, 15 units with 20 parking spaces provided. The unit types range from singles to one, and two-bedroom units. Private patios, garages, and balconies are featured in select units. Notably, new ownership can take advantage of the property tax benefits through the Mills Act, a California state law that incentivizes historic preservation. The Offering is ideal for a savvy investor seeking to own a trophy asset while also having access to the immediate upside in current collections as the property will be delivered with 2 vacancies at the close of escrow.
Exterior Features

Carport Spaces 9 Carport YN Yes Parking Features Assigned Parking Total 9

Interior Features

Cooling None Cooling YN No Fireplace Features Bonus RoomBathDenDining RoomKitchenLiving RoomMaster Bedroom Fireplace YN Yes Flooring Wood Heating None Heating YN No

Property Features

Additional Parcels YN Yes Association Fee 0 Garage YN Yes Gross Income 474462 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 326179 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Smr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. 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.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369452152-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369452152-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369452152-1.jpg
Logo
Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent(s): Alexander Halimi of Douglas Elliman (310-595-3888) and Elizabeth Clark of ()