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1137 11th St 11 Unit Apartment Building $6,370,785 CAD ($579,162 CAD/Unit) 3.82% Cap Rate Santa Monica, CA 90403
Executive Summary
939 11th Street presents a rare opportunity to acquire a well-located multifamily asset in the highly desirable Santa Monica market, just moments from world-class retail, dining, and the Pacific coastline. The property offers stable in-place income with strong long-term upside potential supported by limited new supply and consistently high tenant demand. Situated in a premier coastal submarket, the asset is well-positioned for investors seeking a durable hold with attractive fundamentals and long-term appreciation potential.
Property Facts
| Price | $6,370,785 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $579,162 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.82% | Building Size | 13,913 SF |
| Gross Rent Multiplier | 11.77 | No. Stories | 3 |
| No. Units | 11 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.93/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SMR2* - SMR2 zoning allows low- to medium-density multifamily residential use in Santa Monica, subject to local development standards and regulations. | ||
| Price | $6,370,785 CAD |
| Price Per Unit | $579,162 CAD |
| Sale Type | Investment |
| Cap Rate | 3.82% |
| Gross Rent Multiplier | 11.77 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 13,913 SF |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | SMR2* - SMR2 zoning allows low- to medium-density multifamily residential use in Santa Monica, subject to local development standards and regulations. |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 900 |
| 2+2 | 6 | - | 1,300 |
| 3+2 | 3 | - | 1,300 |
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Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4281-020-016 | Improvements Assessment | $2,938,056 CAD |
| Land Assessment | $5,184,809 CAD | Total Assessment | $8,122,865 CAD |
Property Taxes
Parcel Number
4281-020-016
Land Assessment
$5,184,809 CAD
Improvements Assessment
$2,938,056 CAD
Total Assessment
$8,122,865 CAD
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1137 11th St
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