1147 Lincoln blvd, Santa Monica, CA 90403
Active
$4,695,000
10 Units
18 Beds
18 Baths
10,400 Area(sq.ft.)
Lot: 7,479 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 1 | 1 | No | $ 2,989 | $ 2,989 | $ 4,800 |
| Unit 2 | 8 | 2 | 1.75 | No | $ 20,205 | $ 20,205 | $ 25,600 |
| 10 | 18 | 18 | $ 167,617 | $ 167,617 | $ 214,400 |
| MLS #: | 25513301 |
| Days On Market: | 323 |
| Listing Date: | March 18, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 451 |
| Price per unit: | $ 469,500 |
| Year Built: | 1969 |
Property Details
Investment opportunity in prime Santa Monica location! 10-unit apartment building North of Wilshire Blvd. across from Christine Emerson Reed Park. Situated near Downtown and Midcity Santa Monica, surrounded by restaurants and shops, and just minutes from the beach and 10 Freeway. Strong unit mix consisting eight 2-Bedrooms and two 1-Bedrooms, all occupied. Gated garage parking. Bread and butter investment opportunity! Unique potential for development as our listing is located between two properties separately listed for sale. A once in a lifetime chance to develop on the corner of Wilshire and Lincoln!Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 269,978 |
| Total Annual Expense: | $ 103,992 |
| Net Operating Income: | $ 165,985 |
| Gross Annual Income: | $ 278,328 |
| Cap Rate: | 3.54% |
| Gross Rent Multiplier: | 16.87 |
Structure
| Type of Units: | 2Bd & 1Bd |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Garage |
| Total Parking: | 10 |
Interior
| AC/Cooling: | None |
| Equipment: | Other |
| Heating: | Wall |
Exterior
Detailed Map
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Income
