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$ 2,390,000
Est. payment /mo
Pending
1904 11th Street Santa Monica, CA 90404
3 Beds
2 Baths
7,486 Sqft Lot
UPDATED:
02/23/2025 03:07 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SC25017110
Bedrooms 3
HOA Y/N No
Lot Size 7,486 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
MAJOR PRICE REDUCTION. 5.53% current CAP factoring new taxes. No City of Santa Monica rent control; CA rent control only. Current 5.53% CAP with upside! Excellent curb appeal, pride of ownership property. The building is located in high tenant demand Pico area in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the City, and the Los Angeles area, with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and easy access to the 10 Freeway. Neighboring communities include the prime areas of Brentwood, West Los Angeles, Venice Beach and Marina Del Rey. Charming building with serene garden and beautiful buildings surrounding the property. Four units have been fully upgraded including in-unit laundry. One additional unit with partially upgraded kitchen and flooring and one unit has new bathroom. The unit mix consists of seven 1 bed/1 bath and one 2 bed/ 1 bath. Newly finished ADU unit being delivered tenant-ready, offering immediate upside. Property has been well maintained. New copper piping throughout the attic. Staircase redone 2014; New front fence 2021. Minimum maintenance requirements with upside potential from remaining non-upgraded units. Parking spaces in the back plus attached garage. No soft-story required. There is potential to convert garage to a second bedroom for the ADU. (Buyer to verify.) Two units deeded as low and moderate income until 2042. Buyer to verify any and all information regarding property. PLEASE DO NO
MAJOR PRICE REDUCTION. 5.53% current CAP factoring new taxes. No City of Santa Monica rent control; CA rent control only. Current 5.53% CAP with upside! Excellent curb appeal, pride of ownership property. The building is located in high tenant demand Pico area in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the City, and the Los Angeles area, with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and easy access to the 10 Freeway. Neighboring communities include the prime areas of Brentwood, West Los Angeles, Venice Beach and Marina Del Rey. Charming building with serene garden and beautiful buildings surrounding the property. Four units have been fully upgraded including in-unit laundry. One additional unit with partially upgraded kitchen and flooring and one unit has new bathroom. The unit mix consists of seven 1 bed/1 bath and one 2 bed/ 1 bath. Newly finished ADU unit being delivered tenant-ready, offering immediate upside. Property has been well maintained. New copper piping throughout the attic. Staircase redone 2014; New front fence 2021. Minimum maintenance requirements with upside potential from remaining non-upgraded units. Parking spaces in the back plus attached garage. No soft-story required. There is potential to convert garage to a second bedroom for the ADU. (Buyer to verify.) Two units deeded as low and moderate income until 2042. Buyer to verify any and all information regarding property. PLEASE DO NOT DISTURB TENANTS.
MAJOR PRICE REDUCTION. 5.53% current CAP factoring new taxes. No City of Santa Monica rent control; CA rent control only. Current 5.53% CAP with upside! Excellent curb appeal, pride of ownership property. The building is located in high tenant demand Pico area in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the City, and the Los Angeles area, with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and easy access to the 10 Freeway. Neighboring communities include the prime areas of Brentwood, West Los Angeles, Venice Beach and Marina Del Rey. Charming building with serene garden and beautiful buildings surrounding the property. Four units have been fully upgraded including in-unit laundry. One additional unit with partially upgraded kitchen and flooring and one unit has new bathroom. The unit mix consists of seven 1 bed/1 bath and one 2 bed/ 1 bath. Newly finished ADU unit being delivered tenant-ready, offering immediate upside. Property has been well maintained. New copper piping throughout the attic. Staircase redone 2014; New front fence 2021. Minimum maintenance requirements with upside potential from remaining non-upgraded units. Parking spaces in the back plus attached garage. No soft-story required. There is potential to convert garage to a second bedroom for the ADU. (Buyer to verify.) Two units deeded as low and moderate income until 2042. Buyer to verify any and all information regarding property. PLEASE DO NOT DISTURB TENANTS.
Location
State CA
County Los Angeles
Area Santa Monica (90404)
Zoning Seller
Building
Lot Description Curbs
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $138
Acceptable Financing Cash, Conventional
Space Rent $13,969
Listing Terms Cash, Conventional
Listed by Mark Epstein • Mark Epstein & Associates
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