1528 11th Street

Santa Monica, CA 90401

$2,599,000
Price
12
Beds
7
Baths
6,414 Sq. Ft.
$405 / Sq. Ft.
6,414
Sq. Ft.
$405
per Sq. Ft.

Description

Looking for the perfect investment opportunity in the heart of Santa Monica? Look no further than this stunning 6-unit complex, approximately 11 blocks from the beach and walking distance to the famous 3rd St. Promenade. Built in 1962, this 6414 square foot complex boasts 6 large, well-maintained units that are sure to impress. Whether you're an investor looking for a turn-key rental property or an owner-occupier seeking a slice of coastal paradise, this property is the perfect choice. With a prime...Looking for the perfect investment opportunity in the heart of Santa Monica? Look no further than this stunning 6-unit complex, approximately 11 blocks from the beach and walking distance to the famous 3rd St. Promenade. Built in 1962, this 6414 square foot complex boasts 6 large, well-maintained units that are sure to impress. Whether you're an investor looking for a turn-key rental property or an owner-occupier seeking a slice of coastal paradise, this property is the perfect choice. With a prime location just a short stroll from the beach and all the best shopping, dining, and entertainment that Santa Monica has to offer, this complex is a true gem. And with pride of ownership evident in every detail, you can be sure that you're making a wise investment in your future. So why wait? Contact us today to schedule a showing and see for yourself why this commercial 6-unit complex is the perfect choice for your next investment opportunity.
  1. Listed by Peter Mendez • DRE #01036303 • Brokerage DRE #01526842 • RE/MAX TOP PRODUCERS • 626-786-5487

Property Details for 1528 11th Street

Architectural Style
Contemporary, Mid Century Modern
View
None
Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
6414

Location

Listing Courtesy of RE/MAX TOP PRODUCERS, Peter Mendez, DRE #01036303
Add your commute
LISTING UPDATED: 03/29/2024 10:09 AM

Property Details for 1528 11th Street

StatusActive
MLS #CV23067440
Days on Market368
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX TOP PRODUCERS, Peter Mendez, DRE #01036303
Add your commute

Building Information for 1528 11th Street

Building/Complex1528 11th StFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Payment Calculator

$15,583 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,184

Property Taxes

$1,399

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1528 11th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $152,208
  • Gross Scheduled Income: $148,908
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $105,487
  • Laundry Income: $3,300
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $35,975
  • Fuel Expense: $0
  • Licenses Expense: $1,500
  • Electric Expense: $2,100
  • Insurance Expense: $2,500
  • Maintenance Expense: $4,000
  • Professional Management Expense: $0
  • Other Expense: $16,575
  • Other Expense Description: TAXES
  • Trash Expense: $1,000
  • Water Sewer Expense: $7,000
  • Supplies Expense: $1,300
  • Total Expenses: $35,975
Tax / Assessment Info
  • Tax Tract Number: BLK...
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: F
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Gas Water Heater
  • Equipment: Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Laundry Area
  • Interior Features: Ceramic Counters, Recessed Lighting, Tile Counters
  • Room Type: All Bedrooms Down, Living Room
  • Bedroom Features: All Bedrooms Down
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
  • Flooring: Carpet, Vinyl
Exterior Features
  • Door Features: Sliding Doors
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Rain Gutters, Stable
  • Entry Location: At DOORS!
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Block, Good Condition, Wrought Iron
  • Foundation Details: Slab
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Garden, Landscaped, Level with Street
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Frontage Type: Alley, City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 6500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,611
  • Unit Type Total Rent: $2,611
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,264
  • Unit Type Total Rent: $2,264
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $937
  • Unit Type Total Rent: $937
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $797
  • Unit Type Total Rent: $797
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1528 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 1528 11th Street

Taxable ValueLand$877,293Additions$409,724Total$1,287,017
Tax Record2023$16,790 ($1,399 / month)
Home Facts
Total Finished SqFt6,414 SqFtAbove Grade Finished SqFt6,414 SqFtLot Size7,489 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningSMR3*CountyLOS ANGELESAPN4282-030-006

Schools near 1528 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 - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

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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1528 11th Street is a multi-family home for sale in Santa Monica, CA 90401. This property was listed for sale on April 21, 2023 by RE/MAX TOP PRODUCERS, it's currently listed at $2,599,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Roosevelt Elementary School, Lincoln Middle School and Santa Monica High School. 1528 11th Street is a 12-bed, 7-bath, 6,414 sqft multi-family home built in 1962.

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 RE/MAX TOP PRODUCERS, Peter Mendez, DRE #01036303

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.