1850 11TH STREET, SANTA MONICA, CA 90404

  • 6,387 sqft
  • Lot Size: 7,510 sqft
  • Built in 1964
  • MLS #OC21137859
For Sale $4,598,000

Description

1850 11th Street is a stunning, newly redeveloped 6-unit garden-style, boutique apartment building, where residents Live, Work and Play in this Iconic, Santa Monica retreat. The striking, soft-contemporary apartments incorporate tranquil seaside elements & organic materials with airy sunlit open spaces, each opening to private garden spaces blocks to the sand. At the epicenter of Silicon Beach, the Beach Community of Santa Monica is home to world-class technology, media, and entertainment companies such as Google, Facebook, Hulu, Electronic Arts, among many others, providing a steady source of high-income professional renters. There is an exceptional 10-year fixed loan with a 10-year float that provides the in-place leverage to bump the investment returns on these custom Santa Monica Apartment Residences. The opportunity features strong & stable in-place income plus meaningful rental upside in one of LA's best rental markets. 100% Occupied, with a waiting list of 14 prospective Tenants. Ocean Breezes, gorgeous Tree-Lined Residential Street, a Secluded Entry Courtyard, all, with the tranquil Gardens that your Tenant’s crave. Stunningly Re-Designed & Upgraded Beach-Apartment meets Prime Santa Monica. The units feature High-End finishes, Custom, Architectural Kitchens with Euro Cabinetry, Gleaming New Quartz Waterfall-Edge Counters, wide Plank Floors, a full suite of Stainless Appliances, Sunlit Dining Areas, & Spa-Like Baths. Tenants enjoy their Own, In-Unit, Washers and Dryers, Ample Closet Spaces, Fully Enclosed, Patio's or Sundecks, all within fully Gated and Enclosed Gardens with Barbecue and Entertaining areas. Ample parking for 11 cars. Your Tenants will enjoy California Living at its Finest. Living Seconds to open air restaurants, shops, & breath-taking Santa Monica Beaches. We expect this rare, Newly Redeveloped Apartment to be received exceptionally well. This one will not last long! Call today to schedule your viewing.

FACTS / FEATURES

  • Built in 1964
  • Lot Size: 7,510 sqft
  • Style: Contemporary,Mid Century Modern,See Remarks
  • View: Courtyard, Neighborhood, Park/Greenbelt, Trees/Woods
  • Cooling: Central Air,Wall/Window Unit(s),See Remarks
  • Heating: Wall Furnace
  • Parking: 9 spaces total

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Listing Provided by Julie Boyd, Home Buyers Realty
Based on information from California Regional Multiple Listing Service, Inc. as of October 15, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.