14-Bedroom Residential Income — 1301 11th Street, Santa Monica, CA
$2,975,000
1301 11th Street, Santa Monica, CA
About this property
Large 11 unit building in Santa Monica offered at 12.9 GRM and cap rate of approximately 5.1%. 9,485 square ft. building. Priced at $314 per foot. Excellent unitmix of 3 two-bedroom one bathroom and 7 one-bedroom one bathroom and 1 studio apartment, 8 onsite parking. Landlord will deliver 2 one car garages vacant. Well maintained building in the heart of Santa Monica. Located across the street from the Broad Stage on 11th. All units are occupied. Please do not walk on property or disturb tenants. Inside with acceptable offer. Rent roll and OM are attached under docs. Expenses are estimated at 35% including new property tax, excluding management expense. All units have private patio or balcony.
Property details
Location
1301 11th Street • Santa Monica, CA 90401
Listed by
David Putnam · Berkshire Hathaway HomeServices California Properties
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