FOR SALE
1323 11th St
Santa Monica, CA 90401
Downtown/Third Street Promenade
13 Beds
10 Baths
7,098 sqft
- 13 Beds
- 10 Baths
- 7,098 sqft
13 Beds
10 Baths
7,098 sqft
Local Information
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Commute Destination
Description
We are pleased to offer the opportunity to acquire 1323 11th Street, a 10 unit partially renovated apartment community located in Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located only 0.7 miles from the 3rd Street Promenade and provides easy access to everyday amenities. Consisting of one building on a 7,485 square foot parcel, the property is comprised of seven one-bedroom units, and three two-bedroom units. Current Ownership has extensively renovated 80 percent of the units and feature new flooring throughout, newly remodeled kitchen with modern quartz countertops, new stainless-steel appliances, stainless-steel dishwasher, stainless-steel stove/oven, large farmhouse style stainless-steel sink, large open dining area and living room area. Renovated Units also include new remodeled bathrooms, modern vanity, spacious closets, and cabinet space throughout unit. 1323 11th Street provides investors a rare buying opportunity that provides an immediate healthy income stream, with remaining rental upside in a prime coastal market.
Home Highlights
Parking
Carport
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$676
Listed
59 days ago
Home Details for 1323 11th St
Interior Features |
|---|
Beds & Baths Number of Bedrooms: 13Number of Bathrooms: 10 |
Dimensions and Layout Living Area: 7098 Square Feet |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 2Levels: Two, Multi/Split |
Exterior Features |
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Exterior Home Features Other Structures: Other |
Parking & Garage Has a CarportNo GarageNo Attached GarageParking Spaces: 13Parking: Carport |
Days on Market |
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Days on Market: 59 |
Property Information |
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Year Built Year Built: 1958 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Price & Status |
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Price List Price: $4,800,000Price Per Sqft: $676 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Santa Monica |
Agent Information |
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Listing Agent Listing ID: 24-363513 |
Building |
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Building Area Building Area: 7098 Square Feet |
Lot Information |
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Lot Area: 7483.608 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 1.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 24-363513 |
Last check for updates: about 14 hours ago
Listing courtesy of Sean Rosenzweig DRE # 01406343, (310) 513-3144
Marcus & Millichap, (310) 909-5500
Source: CLAW, MLS#24-363513
Price History for 1323 11th St
| Date | Price | Event | Source |
|---|---|---|---|
| 02/29/2024 | $4,800,000 | Listed For Sale | CLAW #24-363513 |
| 03/15/2021 | ListingRemoved | CRMLS #21681732 | |
| 01/20/2021 | $4,950,000 | Listed For Sale | CRMLS #21681732 |
| 03/01/2017 | $3,690,000 | ListingRemoved | Agent Provided |
| 02/06/2017 | $3,690,000 | PendingToActive | Agent Provided |
| 01/28/2017 | $3,690,000 | Pending | Agent Provided |
| 01/19/2017 | $3,690,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 1323 11th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.14 | Multi-Family Home | $3,000,000 | 01/11/24 | 14 | 10 | 7,280 | |
0.14 | Multi-Family Home | $3,500,000 | 09/25/23 | 16 | 18 | 7,248 | |
0.11 | Multi-Family Home | $3,100,000 | 06/20/23 | 9 | 7 | 5,387 | |
0.28 | Multi-Family Home | $2,400,000 | 04/01/24 | 8 | 8 | 5,388 | |
0.20 | Multi-Family Home | $5,220,000 | 03/18/24 | 16 | 16 | 15,621 | |
0.54 | Multi-Family Home | $4,518,000 | 09/29/23 | 12 | 12 | 8,348 | |
0.43 | Multi-Family Home | $3,700,000 | 06/12/23 | 17 | 14 | 8,762 | |
0.20 | Multi-Family Home | $2,220,000 | 03/18/24 | 8 | 6 | 3,462 | |
0.13 | Multi-Family Home | $2,298,000 | 03/22/24 | 6 | 5 | 3,190 | |
0.67 | Multi-Family Home | $3,700,000 | 09/20/23 | 15 | 13 | 8,616 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown/Third Street Promenade
- Nate Stevens
- Resident
- 2mo ago
"Great place to live if you want to be in the mix, but I would not recommend it at all if you have young kids or are uncomfortable with homeless interactions. Love living here, but the homeless situation is incredibly obnoxious. "
- Trulia User
- Visitor
- 2y ago
"Looks good. It’s a nice developed area. Very desirable & vibrant night life. Close to all important Los Angeles attractions . Excellent Beaxh & pier. Need to address the traffic issue. A few more years & it will get excellent rating"
- Trulia User
- Resident
- 2y ago
"The homeless community is unfortunate but it’s quiet for the most part. Just not the safest to live alone "
- Trulia User
- Visitor
- 2y ago
"It’s the friendliest neighborhood in Santa Monica. I don’t live there - but several of our friends do (I live in mid-city SM). sunset Park is my favorite section of the city though."
- Richie U.
- Resident
- 3y ago
"We use to have Twilight Concert Series. This is a series of free concerts once every week during the summer."
- Casey V.
- Resident
- 3y ago
"Very close to Santa Monica Pier, with restaurants and shops within walking distance. Metro is near; but loud. New high rises being built so there will be a lot more traffic here soon."
- Trulia User
- Resident
- 4y ago
"Most people who live in this neighborhood have a dog or two. Great for socializing your own pet. The proximity to palisades park, the beach, and boardwalk is also nice for walking. "
- Michaelkucera
- Resident
- 4y ago
"Parks and walkways are easy to find and navigate. There are a lot of dog parks and pet friendly buildings"
- Nash
- Resident
- 4y ago
"Don’t know. It’s hard to get out when you’re getting attacked left and right from homeless people. Something needs to be done to help this city and the people who pay a lot of rent to feel safe in their own neighborhood "
- Brian B.
- Resident
- 4y ago
"Dogs are a poison for most people here. It's a safe place for them to walk, and it's the best social networking tool available. "
- Colleen O.
- Resident
- 4y ago
"This neighborhood is buzzy! There’s always something to do and someplace to go. All within walking distance"
- Dominic H.
- Resident
- 4y ago
"Please no more dogs. The ground smells of your dogs wee especially when it doesn’t rain much here!!!"
- Jennifer O.
- Prev. Resident
- 4y ago
"Third Street Promenade and city of Santa Monica put on community events. Very supportive of SaMo businesses. "
- Kristian B.
- Visitor
- 4y ago
"Close to everything. Completely walkable. Great restaurants. Close to beach. Easy to find things to do."
- Bbaughman88
- Resident
- 4y ago
"Other dog owners, plenty of disposable bag units for waste, beach near by, some dog friendly restaurants and pet supply shops."
- Kristin K
- Resident
- 5y ago
"Nice to stroll the baby around and take him to play at indoor playground at mall food court. But have to cover baby’s ears when sirens pass bye. It’s safe during the day but not at night. There are a lot of homeless people. "
- Larrymuhlstein
- Resident
- 5y ago
"It's full of tourists, full of things to do, and on the ocean. Easy to get downtown using the train. Lots of energy."
- Haaatt
- Resident
- 5y ago
"I work outside of the city and have to drive. It is easy to walk or cycle if you work in Santa Monica."
- Andrea O.
- Resident
- 5y ago
"The diversity of the people, the proximity to the beach and the 3rd street promenade where shopping is great"
- Justina S.
- Resident
- 5y ago
"It’s like a small city, you have all the services and easily accessible. It’s safe, clean and green."
- Tmckean
- Prev. Resident
- 5y ago
"Constant police activity. Fighting neighbors and loud music. Drunks outside and empty alcohol containers all over "
- Brian B.
- Resident
- 5y ago
"Great neighbors and wonderful convenience for restaurants, stores, etc. Unfortunately, the streets aren't safe at night. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Sean Rosenzweig, Marcus & Millichap
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1323 11th St, Santa Monica, CA 90401 is a 13 bedroom, 10 bathroom, 7,098 sqft multi-family built in 1958. 1323 11th St is located in Downtown/Third Street Promenade, Santa Monica. This property is currently available for sale and was listed by CLAW on Feb 29, 2024. The MLS # for this home is MLS# 24-363513.