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10-Units Renovated in Santa Monica 1323 11th St Immeuble residentiel 10 lots 3 230 175 € (323 017 €/Lot) Taux de capitalisation 6,06 % Santa Monica, CA 90401
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Extremely rare opportunity to acquire a renovated apartment building north of Santa Monica Boulevard in Santa Monica
- Residents can easily access the 10 freeway and major thoroughfares such as Wilshire, Santa Monica, and Olympic Boulevards within five minutes
- The two legacy 1BR/1BA units average $1,578/mo vs. $2,495 market rent — a $918/unit gap offering upside through turnover and renovation
- The government-required seismic retrofit work has been completed which saves a new investor substantially in capital and time
- 15-Minute walk to the 3rd Street Promenade
- Investors can expect to have low repair & maintenance expenses as current ownership has made extensive renovations over the last few years
Résumé analytique
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer the opportunity to acquire 1323 11th Street, a 10-unit partially renovated apartment community located in Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located within walking distance to the 3rd Street Promenade and provides easy access to everyday amenities.
Situated on a 7,483 square foot lot, the property consists of a single building with seven one-bedroom units and three two-bedroom units. Current ownership has extensively renovated 80% of the units, featuring new flooring throughout, modern kitchens with quartz countertops, stainless steel appliances—including dishwasher, stove/oven, and farmhouse-style sink—and open-concept dining and living areas. Renovated units also include updated bathrooms, contemporary vanities, spacious closets, and ample cabinet space.
The two remaining legacy 1Bdr/1Bath units average $1,578/month against a market rent of $2,495, representing a $918 per-unit gap that offers meaningful upside through unit turnover and renovation.
1323 11th Street provides investors a rare buying opportunity that delivers an immediate healthy income stream, with remaining rental upside in a prime coastal market.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Situated on a 7,483 square foot lot, the property consists of a single building with seven one-bedroom units and three two-bedroom units. Current ownership has extensively renovated 80% of the units, featuring new flooring throughout, modern kitchens with quartz countertops, stainless steel appliances—including dishwasher, stove/oven, and farmhouse-style sink—and open-concept dining and living areas. Renovated units also include updated bathrooms, contemporary vanities, spacious closets, and ample cabinet space.
The two remaining legacy 1Bdr/1Bath units average $1,578/month against a market rent of $2,495, representing a $918 per-unit gap that offers meaningful upside through unit turnover and renovation.
1323 11th Street provides investors a rare buying opportunity that delivers an immediate healthy income stream, with remaining rental upside in a prime coastal market.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
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Informations sur l’immeuble
| Prix | 3 230 175 € | Style d’appartement | De faible hauteur |
| Prix par lot | 323 017 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,07 ha |
| Taux de capitalisation | 6,06 % | Surface de l’immeuble | 659 m² |
| Multiplicateur du loyer brut | 11.46 | Nb d’étages | 2 |
| Nb de lots | 10 | Année de construction | 1958 |
| Type de bien | Immeuble residentiel | Ratio de stationnement | 0,17/1 000 m² |
| Sous-type de bien | Appartement | ||
| Zonage | SMR3* | ||
| Prix | 3 230 175 € |
| Prix par lot | 323 017 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,06 % |
| Multiplicateur du loyer brut | 11.46 |
| Nb de lots | 10 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,07 ha |
| Surface de l’immeuble | 659 m² |
| Nb d’étages | 2 |
| Année de construction | 1958 |
| Ratio de stationnement | 0,17/1 000 m² |
| Zonage | SMR3* |
Caractéristiques
Caractéristiques du lot
- Lave-vaisselle
- Four
- Électroménager en acier inoxydable
- Cuisinière
- Baignoire/Douche
- Salle à manger
Caractéristiques du site
- Accès 24 h/24
- Sentiers pédestres et cyclables
- Espace d’entreposage
- Transports en commun
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 7 | - | 65 - 84 |
| 2+1 | 3 | - | 84 - 102 |
1 1
Moyennement praticable à pied
70/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
70/100
Moyennement praticable en vélo
70/100
Taxes foncières
| Numéro de parcelle | 4282-013-018 | Évaluation des aménagements | 687 691 € |
| Évaluation du terrain | 2 826 133 € | Évaluation totale | 3 513 825 € |
Taxes foncières
Numéro de parcelle
4282-013-018
Évaluation du terrain
2 826 133 €
Évaluation des aménagements
687 691 €
Évaluation totale
3 513 825 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
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10-Units Renovated in Santa Monica | 1323 11th St
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