824 Lincoln blvd, Santa Monica, CA 90403
Pending
$3,600,000
10 Units
10 Beds
11 Baths
6,480 Area(sq.ft.)
Lot: 7,521 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 1,877 | $ 1,877 | $ 2,450 |
| Unit 10 | 1 | 2 | 2 | No | $ 2,157 | $ 2,157 | $ 4,250 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,192 | $ 1,192 | $ 2,950 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,938 | $ 1,938 | $ 2,950 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,002 | $ 1,002 | $ 2,950 |
| Unit 5 | 1 | 2 | 1 | No | $ 3,800 | $ 3,800 | $ 3,800 |
| Unit 6 | 1 | 1 | 1 | No | $ 2,950 | $ 2,950 | $ 2,950 |
| Unit 7 | 1 | 1 | 1 | No | $ 2,950 | $ 2,950 | $ 2,950 |
| Unit 8 | 1 | 1 | 1 | No | $ 1,050 | $ 1,050 | $ 2,950 |
| Unit 9 | 1 | studio | 1 | No | $ 2,450 | $ 2,450 | $ 2,450 |
| 10 | 10 | 11 | $ 21,366 | $ 21,366 | $ 30,650 |
| MLS #: | 25496427 |
| Days On Market: | 299 |
| Listing Date: | February 10, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 556 |
| Price per unit: | $ 360,000 |
| Year Built: | 1955 |
Property Details
4 units will be VACANT - (1) 2+1, (2) 1+1, (1) Studio - 4 VACANT Front Garages (Extra Income/ADU Potential) 824 Lincoln Blvd offers an investor a 10-unit apartment building in prime North of Wilshire, Santa Monica. These 10 units are situated just south of Santa Monica's famous Montana Ave boasting a highly desirable unit mix of a 2-bedroom units, 1-bedroom units and a couple of studios. Montana Ave is a highly desired area in Santa Monica to live in due to its many restaurants, shopping, and cafes, which is why this area commands higher than average rents. Please do not disturb the tenants.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 40% |
| Gross Operating Income: | $ 269,574 |
| Total Annual Expense: | $ 94,374 |
| Net Operating Income: | $ 167,113 |
| Gross Annual Income: | $ 269,574 |
| Gross Rent Multiplier: | 13.35 |
Structure
| Type of Units: | 2+2,2+1,1+1 |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Garage - 1 Car |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Ceiling Fan |
| Equipment: | None |
| Heating: | Wall |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
