For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $4,408,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,387 sqft
Price per Sqft $690
MLS Listing ID OC21137859
Sold Date 12/17/21
Construction Status Turnkey
HOA Y/N No
Year Built 1964
Lot Size 7,509 Sqft
Acres 0.1724
Property Description
1850 11th Street is a stunning, newly redeveloped 6-unit garden-style, boutique apartment building, where residents Live, Work and Play in this Iconic, Santa Monica retreat.
The striking, soft-contemporary apartments incorporate tranquil seaside elements & organic materials with airy sunlit open spaces, each opening to private garden spaces blocks to the sand.
At the epicenter of Silicon Beach, the Beach Community of Santa Monica is home to world-class technology, media, and entertainment companies such as Google, Facebook, Hulu, Electronic Arts, among many others, providing a steady source of high-income professional renters.
There is an exceptional 10-year fixed loan with a 10-year float that provides the in-place leverage to bump the investment returns on these custom Santa Monica Apartment Residences.
The opportunity features strong & stable in-place income plus meaningful rental upside in one of LA's best rental markets.
100% Occupied, with a waiting list of 14 prospective Tenants.
Ocean Breezes, gorgeous Tree-Lined Residential Street, a Secluded Entry Courtyard, all, with the tranquil Gardens that your Tenant’s crave.
Stunningly Re-Designed & Upgraded Beach-Apartment meets Prime Santa Monica. The units feature High-End finishes, Custom, Architectural Kitchens with Euro Cabinetry, Gleaming New Quartz Waterfall-Edge Counters, wide Plank Floors, a full suite of Stainless Appliances, Sunlit Dining Areas, & Spa-Like Baths.
Tenants enjoy their Own, In-Unit, Washers and Dryers, Ample Closet Spaces, Fully Enclosed, Patio's or Sundecks, all within fully Gated and Enclosed Gardens with Barbecue and Entertaining areas. Ample parking for 11 cars.
Your Tenants will enjoy California Living at its Finest. Living Seconds to open air restaurants, shops, & breath-taking Santa Monica Beaches.
We expect this rare, Newly Redeveloped Apartment to be received exceptionally well. This one will not last long! Call today to schedule your viewing.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Interior Features Ceiling Fan(s), Living Room Deck Attached, Open Floorplan, Stone Counters, Recessed Lighting, Storage, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Main Level Master
Heating Wall Furnace
Cooling Central Air, See Remarks, Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Gas Oven, Gas Range, Refrigerator, Range Hood, Dryer, Washer
Exterior
Exterior Feature Lighting
Garage Assigned
Garage Spaces 1.0
Garage Description 1.0
Fence Block, Wood
Pool None
Community Features Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Preserve/Public Land, Street Lights, Suburban, Sidewalks, Water Sports, Park
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
View Y/N Yes
View Courtyard, Park/Greenbelt, Neighborhood, Trees/Woods
Roof Type Flat
Accessibility None
Parking Type Assigned
Total Parking Spaces 9
Private Pool No
Building
Lot Description Front Yard, Garden, Sprinklers In Front, Near Park, Sprinklers On Side, Sprinkler System, Trees, Walkstreet, Yard
Story 2
Entry Level Two
Foundation Raised
Sewer Sewer Tap Paid
Water Public
Architectural Style Contemporary, Mid-Century Modern, Other
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 4283024010
Security Features Security Lights
Energy Description 591.18
Acceptable Financing Cash to Existing Loan
Listing Terms Cash to Existing Loan
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Julie Boyd • Home Buyers Realty
Get More Information
- San Francisco, CA
- Oakland, CA
- San Diego, CA
- Berkeley, CA
- Palo Alto, CA
- San Jose, CA
- Concord, CA
- Fremont, CA
- Marin, CA
- Santa Clara, CA
- Daly City, CA
- San Ramon, CA
- Hercules, CA
- Vallejo, CA
- Benicia, CA
- Fairfield, CA
- Redwood City, CA
- Richmond, CA
- Atherton, CA
- Alameda, CA
- Hayward, CA
- Pleasanton, CA
- Livermore, CA
- San Leandro, CA
- Vacaville, CA
- Cupertino, CA
- Walnut Creek, CA
- Dublin, CA
- Castro Valley, CA
- Mill Valley, CA
- Tiburon, CA
- Sausalito, CA
- Napa, CA
- American Canyon , CA
- San Rafael, CA
- Mountain View, CA
- Sunnyvale, CA
- Los Gatos, CA
- Tracy, CA
- Brentwood, CA
- Oakley, CA
- Discovery Bay, CA
- Orinda, CA
- Moraga, CA
- Lafayette, CA
- Alamo, CA
- Foster City, CA