Voss Apartments 947-953 11th St 15 Unit Apartment Building $11,720,990 CAD ($781,399 CAD/Unit) 6.04% Cap Rate Santa Monica, CA 90403

The Appel Group is proud to present the exclusive listing of 947-953 11th St, the Voss Apartments a generationally rare multifamily asset in the heart of Santa Monica’s coveted Wilshire/Montana neighborhood. Built in 1937 and preserved as Streamline Moderne architecture, this 15-unit trophy property represents the kind of asset that trades once and can disappear from the market for decades. Set across four buildings and two parcels on a 15,016-square-foot lot, the Voss Apartments combines architectural distinction, meaningful scale, exceptional parking, and an irreplaceable coastal location in a market where new supply is inherently constrained.
The property features 11,850 square feet of bright living space comprising a two-bedroom, two-bathroom townhouse, four two-bedroom, one-bathroom residences, six one-bedroom, one-bathroom units, and four studios. Select residences feature private patios or balconies, while the grounds offer manicured landscaping and a sunny central courtyard with butterflies in the spring and summer. Nine total parking spaces, along with on-site laundry and generous storage, further distinguish the asset and enhance its long-term resident appeal. Architecturally, the Voss Apartments captures the defining language of the Streamline Moderne era, with horizontal massing, smooth stucco façades, rounded forms, and streamlined detailing.
Its 1937 vintage is more than a design attribute; it is a source of scarcity and potential ownership advantage. Qualified new ownership may be eligible for meaningful property tax benefits under California’s Mills Act in exchange for preserving the property’s historic character. The location is equally compelling. Two blocks from Montana Avenue, residents have immediate access to one of Santa Monica’s most established neighborhood corridors, with acclaimed restaurants, boutique retailers, cafés, salons, and Whole Foods Market nearby. An 86 Walk Score, and 96 Bike Score reinforce the exceptional connectivity, while the beach, Santa Monica Pier, and Santa Monica Mountains remain within easy reach.
Santa Monica’s geography further protects the long-term scarcity of an asset like 947-953 11th St. Bordered by the Pacific Ocean to the west and the Santa Monica Mountains to the north and east, the city has limited capacity for meaningful new residential supply in its most desirable neighborhoods. Against that backdrop, an intact 1937 multifamily property of this scale, character, parking, and location becomes increasingly difficult to replicate. For an investor seeking a feather in their cap in one of Southern California’s most coveted coastal markets, 947-953 11th St stands in a category of its own a distinctive piece of Santa Monica architectural history, an established income-producing asset with meaningful rental upside, and the type of irreplaceable property that can remain in an ownership portfolio for generations.