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10-Units Renovated in Santa Monica 1323 11th St 10 Unité Immeuble d’appartements 5 308 987 $ CAD (530 899 $ CAD/Unité) 6,06% Taux de capitalisation Santa Monica, CA 90401
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Faits saillants de l'investissement
- Extremely rare opportunity to acquire a renovated apartment building north of Santa Monica Boulevard in Santa Monica
- Residents can easily access the 10 freeway and major thoroughfares such as Wilshire, Santa Monica, and Olympic Boulevards within five minutes
- The two legacy 1BR/1BA units average $1,578/mo vs. $2,495 market rent — a $918/unit gap offering upside through turnover and renovation
- The government-required seismic retrofit work has been completed which saves a new investor substantially in capital and time
- 15-Minute walk to the 3rd Street Promenade
- Investors can expect to have low repair & maintenance expenses as current ownership has made extensive renovations over the last few years
Résumé de l'annonce
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer the opportunity to acquire 1323 11th Street, a 10-unit partially renovated apartment community located in Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located within walking distance to the 3rd Street Promenade and provides easy access to everyday amenities.
Situated on a 7,483 square foot lot, the property consists of a single building with seven one-bedroom units and three two-bedroom units. Current ownership has extensively renovated 80% of the units, featuring new flooring throughout, modern kitchens with quartz countertops, stainless steel appliances—including dishwasher, stove/oven, and farmhouse-style sink—and open-concept dining and living areas. Renovated units also include updated bathrooms, contemporary vanities, spacious closets, and ample cabinet space.
The two remaining legacy 1Bdr/1Bath units average $1,578/month against a market rent of $2,495, representing a $918 per-unit gap that offers meaningful upside through unit turnover and renovation.
1323 11th Street provides investors a rare buying opportunity that delivers an immediate healthy income stream, with remaining rental upside in a prime coastal market.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Situated on a 7,483 square foot lot, the property consists of a single building with seven one-bedroom units and three two-bedroom units. Current ownership has extensively renovated 80% of the units, featuring new flooring throughout, modern kitchens with quartz countertops, stainless steel appliances—including dishwasher, stove/oven, and farmhouse-style sink—and open-concept dining and living areas. Renovated units also include updated bathrooms, contemporary vanities, spacious closets, and ample cabinet space.
The two remaining legacy 1Bdr/1Bath units average $1,578/month against a market rent of $2,495, representing a $918 per-unit gap that offers meaningful upside through unit turnover and renovation.
1323 11th Street provides investors a rare buying opportunity that delivers an immediate healthy income stream, with remaining rental upside in a prime coastal market.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Salle de données Cliquez ici pour accéder à
Faits sur la propriété
| Prix | 5 308 987 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 530 899 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,17 AC |
| Taux de capitalisation | 6,06% | Taille du bâtiment | 7 098 pi² |
| Multiplicateur du loyer brut | 11.46 | Nombre d’étages | 2 |
| Nombre d’unités | 10 | Année de construction | 1958 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,83/1 000 pi² |
| Sous-type de propriété | Appartement | ||
| Zonage | SMR3* | ||
| Prix | 5 308 987 $ CAD |
| Prix par unité | 530 899 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,06% |
| Multiplicateur du loyer brut | 11.46 |
| Nombre d’unités | 10 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,17 AC |
| Taille du bâtiment | 7 098 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1958 |
| Ratio de stationnement | 1,83/1 000 pi² |
| Zonage | SMR3* |
Commodités
Commodités des unités
- Lave-vaisselle
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Bain/Douche
- Salle à manger
- Comptoirs en quartz
Commodités du site
- Accès 24 heures
- Pistes cyclables/Piétonnières
- Espace d'entreposage
- Transport en commun
- Sans ascenseur
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 7 | - | 700 - 900 |
| 2+1 | 3 | - | 900 - 1 100 |
1 1
Moyennement accessible à pied
70/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
70/100
Moyennement accessible en vélo
70/100
Impôts fonciers
| Numéro de lot | 4282-013-018 | Évaluation des bâtiments | 1 109 936 $ CAD |
| Évaluation du terrain | 4 561 388 $ CAD | Évaluation totale | 5 671 324 $ CAD |
Impôts fonciers
Numéro de lot
4282-013-018
Évaluation du terrain
4 561 388 $ CAD
Évaluation des bâtiments
1 109 936 $ CAD
Évaluation totale
5 671 324 $ CAD
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10-Units Renovated in Santa Monica | 1323 11th St
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