1143 11TH ST, Santa Monica, California
1143 11TH ST, Santa Monica, California 90403 - Santa Monica Historical multifamily opportunity north of Wilshire. Enjoy beautiful architecture, cash flow and future upside with this ideally located Multifamily investment. Santa Monica has been rated one of the highest rental markets in the nation, combined with A-Plus locale makes this fantastic real estate to park your cash and watch it grow. One bedroom and studio units equate to less long term tenants common in Santa Monica rent controlled buildings. The interiors of the units are classic 1920s look and feel with tile and hardwood floors and counters for easy and low cost turn-around for new tenants. Added benefit for the new owner would be to apply for the Mills Act to reduce your property tax as well as other incentives to further your return on investment. See assessor and city to verify all building data. Marketing package included under documents with full rent roll. Rent roll includes September 2017 rent increases.
Listing Courtesy of Kenny Stevens~BRE #: 01090251~Concord Real Estate Service