842 11th St
Property Description
Offered for sale for the very first time, this distinguished trophy property presents an extraordinary investment opportunity less than one block from Santa Monica's prestigious Montana Avenue, renowned for its upscale boutiques, restaurants, and cafes. Generating over $750,000 in annual gross rental income, this luxury property features a highly coveted and seldom-available unit mix: One spectacular 5-bedroom, 6-bathroom luxury residence spanning approximately 4,000 square feet; Two spacious 3-bedroom, 3.5-bathroom residences; and Five generously proportioned 2-bedroom, 2-bathroom residences. Every residence has been extensively remodeled with high-end finishes, offering sophisticated interiors and spacious, thoughtfully designed floor plans. Additional highlights include gated subterranean parking, owner-owned laundry facilities, low maintenance requirements, and no seismic retrofit required. A COMPELLING INVESTMENT OPPORTUNITY: With substantial in-place income, minimal anticipated capital expenditures, and a rare collection of oversized luxury residences, this turnkey property offers immediate cash flow without the renovation costs and lease-up risks associated with traditional value-add investments. Its irreplaceable location, premium finishes, and distinctive unit mix position it for enduring rental demand and long-term appreciation potential. A true legacy asset combining luxury, location, strong income, and long-term investment value in one of Southern California's most prestigious coastal communities.
Broker Details
Real Estate eBroker Inc. (760) 722-3222
MLS ID: C135464 State License Number: 02112648
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $13,995,000 |
| No. of Units: | 9 |
| Year Built: | 1990 |
| Lot Size: | 14,334.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $1,555,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 18 |
| Number of Bathrooms: | 24 |
ID: 3yd-CLAWCA-26101638
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