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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,725,000

Est. payment - /mo

24 Beds

16 Baths

10,434 SqFt

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Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 10,434 sqft

Price per Sqft $357

MLS Listing ID 25491091

Bedrooms 24

HOA Y/N No

Year Built 1976

Lot Size 7,518 Sqft

Property Description

PRICE IMPROVEMENT. INCREDIBLY PRICED DEAL NORTH OF WILSHIRE!!! 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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Microwave

Exterior

Parking Features Assigned

Total Parking Spaces 16

Building

Story 3

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4281035013

Special Listing Condition Standard

Read Less Info

Listed by Jonathan Taksa • Remax Commercial and Investment Realty

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1143 Lincoln BLVD Santa Monica, CA 90403