Bought with Julie Boyd • Home Buyers Realty
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Key Details
Sold Price $4,408,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,387 sqft
Price per Sqft $690
MLS Listing ID CROC21137859
Sold Date 12/17/21
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 7,510 Sqft
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 Ca
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Central Air, Wall/Window Unit(s), See Remarks
Flooring Laminate
Fireplace No
Laundry Dryer, Washer
Exterior
View Greenbelt, Trees/Woods, Other
Parking Type Assigned
Building
Lot Description Other, Front Yard, Garden
Water Public
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