Courtesy of: Julie Boyd 01051535 | Home Buyers Realty
Purchase Type: Sale
MLS ID: OC21137859
Days On Market: 152
Year Build: 1964
Lot size: 0.173
Status: Active Under Contract
Style: Contemporary,Mid Century Modern,See Remarks
Property Type: Residential Income
Property Subtype: Apartment
New Construction: No
Heating: Wall Furnace
Fireplaces Features: None
Exterior Features: Lighting
Swimming Pool: No
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Address: 1850 11th Street
County: Los Angeles
City: Santa Monica
Neighborhood: C14 - Santa Monica
Pool Features: None
1850 11th Street is a stunning, newly redeveloped 6-unit garden-style, boutique apartment building, where residents Live, Work and Play in this Iconic, Santa Monica retreat.
The striking, soft-contemporary apartments incorporate tranquil seaside elements & organic materials with airy sunlit open spaces, each opening to private garden spaces blocks to the sand.
At the epicenter of Silicon Beach, the Beach Community of Santa Monica is home to world-class technology, media, and entertainment companies such as Google, Facebook, Hulu, Electronic Arts, among many others, providing a steady source of high-income professional renters.
There is an exceptional 10-year fixed loan with a 10-year float that provides the in-place leverage to bump the investment returns on these custom Santa Monica Apartment Residences.
The opportunity features strong & stable in-place income plus meaningful rental upside in one of LA's best rental markets.
100% Occupied, with a waiting list of 14 prospective Tenants.
Ocean Breezes, gorgeous Tree-Lined Residential Street, a Secluded Entry Courtyard, all, with the tranquil Gardens that your Tenant’s crave.
Stunningly Re-Designed & Upgraded Beach-Apartment meets Prime Santa Monica. The units feature High-End finishes, Custom, Architectural Kitchens with Euro Cabinetry, Gleaming New Quartz Waterfall-Edge Counters, wide Plank Floors, a full suite of Stainless Appliances, Sunlit Dining Areas, & Spa-Like Baths.
Tenants enjoy their Own, In-Unit, Washers and Dryers, Ample Closet Spaces, Fully Enclosed, Patio's or Sundecks, all within fully Gated and Enclosed Gardens with Barbecue and Entertaining areas. Ample parking for 11 cars.
Your Tenants will enjoy California Living at its Finest. Living Seconds to open air restaurants, shops, & breath-taking Santa Monica Beaches.
We expect this rare, Newly Redeveloped Apartment to be received exceptionally well. This one will not last long! Call today to schedule your viewing.
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