1118 11th Street

Santa Monica, CA 90403

$4,050,000
Last Sold Price
13
Beds
13
Baths
6,948 Sq. Ft.
$583 / Sq. Ft.
6,948
Sq. Ft.
$583
per Sq. Ft.

Description

Located among the "Rare Air" of Northwest Santa Monica, we are proud to present: 1118 11th Street, an incredible 11-unit investment opportunity! The property is comprised of one (1) 3 bedroom, 2 bath unit, one (1) 2 bedroom 1.5 bath unit, eight (8) 1 bedroom, 1 bath units and one (1) studio 1 bath unit. The building also features a common laundry room, 5 single car garages off the alley and 3 tandem parking spaces in the front of the building (11 parking in total). Ideally located North of Wilshire...Located among the "Rare Air" of Northwest Santa Monica, we are proud to present: 1118 11th Street, an incredible 11-unit investment opportunity! The property is comprised of one (1) 3 bedroom, 2 bath unit, one (1) 2 bedroom 1.5 bath unit, eight (8) 1 bedroom, 1 bath units and one (1) studio 1 bath unit. The building also features a common laundry room, 5 single car garages off the alley and 3 tandem parking spaces in the front of the building (11 parking in total). Ideally located North of Wilshire Blvd, it offers everything within walking distance. From local cuisine to the quick access to the 10 & 405 freeways, and boasting some of the highest walk, bike, and transit scores in the city, 11th street is the place to own property in! The area itself is highly coveted, just eleven blocks from Ocean Avenue, close to hotels and famous dining spots, while still holding small-town charm in one of the most popular cities in Silicon Beach. A rare find for a savvy investor to add to their real estate portfolio, the property will be delivered with 3 vacant units, and the potential to add ADUs.
  1. Listed by Don Favia • DRE #01841258 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
  2. Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.

Property Details for 1118 11th Street

Zoning
SMR2*
Parcel Number
4281027005
Total Units
11.0
Living Area
6948
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
27%
Lot Size Area
7497

Location

Listing Courtesy of Realty Investment Advisors, Inc., Don Favia, DRE #01841258; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Sold By Realty Investment Advisors, Inc., Don Favia, DRE #01841258; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Add your commute
LISTING UPDATED: 12/17/2021 09:03 PM

Property Details for 1118 11th Street

StatusSold
MLS #21-104069
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.17 AC / 7,497 SF
CountyLos Angeles County

Location

Listing Courtesy of Realty Investment Advisors, Inc., Don Favia, DRE #01841258; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Sold By Realty Investment Advisors, Inc., Don Favia, DRE #01841258; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Add your commute

Building Information for 1118 11th Street

Stories2Residences-Year Built1958Building Size-Lot Size0.17 AC / 7,497 SF

Payment Calculator

$26,585 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,103

Property Taxes

$4,482

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1118 11th Street

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multi-family
  • Direction Faces: East
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $243,228
  • Net Operating Income: $164,054.00
  • Gross Income: $250,750
  • Cap Rate: 3.91%
  • Gross Rent Multiplier: $16.75
  • Actual Annual Gross Rent: $250,750.00
  • Financial Info as Of: 11/10/2021
  • Owner Pays: Water, Gardener, Other
  • Total Annual Expense: 79174
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1721
  • Lot Size Square Feet: 7497
Parking Details
Parking Details
  • Parking Garage: Garage, Tandem
  • Total Parking: 11
  • Covered Parking: 8
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 5
  • Carport Spaces Total: 0
  • Parking Features: Garage, Tandem Garage
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating Type: Wall Gas
  • Equipment: Ceiling Fan, Microwave, Dryer, Gas Dryer Hookup
  • Interior Features: Ceiling Fan(s)
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-10-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $800.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,825.00
  • Unit Actual Rent: $14,601.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 8
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $171,251.00
  • Assessed Improvement Percent: 51.87
  • Assessed Land Value: $158,918.00
  • Assessed Land Percent: 48.13
  • Assessed Total Value: $330,169.00

Property History for 1118 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1118 11th Street

Taxable ValueLand$2,891,700Additions$1,241,300Total$4,133,000
Tax Record2023$53,786 ($4,482 / month)
Home Facts
Total Finished SqFt6,948 SqFtAbove Grade Finished SqFt6,948 SqFtLot Size7,497 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningSMR2*CountyLOS ANGELESAPN4281-027-005

Schools near 1118 11th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Investment Advisors, Inc., Don Favia, DRE #01841258; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.