1143 Lincoln Blvd - Apartments FOR SALE


Santa Monica, CA 90403
$4,150,000 USD
310-968-5303
1143 Lincoln Blvd, Santa Monica, CA for Sale
$4,150,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1143 Lincoln Blvd
Santa Monica, CA 90403


HIGHLIGHTS

  • 8 units ideally located in a premier “North of Wilshire” Santa Monica location
  • Fantastic unit mix of all very large 3-bedroom floor plans
  • Incredible rental upside
  • On-site laundry facilities
  • Ample on-site parking
  • In close proximity to the beach, downtown Santa Monica, and high-end dining and shopping of Montana Avenue

OVERVIEW

Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an incredible multifamily asset located at 1143 Lincoln Blvd in the heart of LA’s famed beach city of Santa Monica. Originally built in 1976, the building boasts an incredibly unique unit mix consisting of all very large 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (8) 3-bed, 2-bath units. Many of the units have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. Additionally, units feature fireplaces and balconies. This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor’s portfolio. A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 1143 Lincoln Blvd gives buyers the unique opportunity to own a generational asset in one of LA’s most prized and coveted locations.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

8

PRICE/UNIT

$518,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALL 3 Bedroom Units North of Wilshire Blvd!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1976

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R3A, Santa Monica

APN/PARCEL ID

4281-035-013

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.