1323 11th Street, Santa Monica, CA 90401
Local realty services provided by:ERA Carlile Realty Group
1323 11th Street,Santa Monica, CA 90401
$3,500,000
- 13 Beds
- 10 Baths
- 7,098 sq. ft.
- Multi-family
- Active
Listed by: sean rosenzweig
Office: marcus & millichap310-909-5500
MLS#:26828455
Source:CRMLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$493.1
About this home
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 within walking distance to the 3rd Street Promenade and provides easy access to everyday amenities.Situated on a 7,483 square foot lot, the property consists of a single building with seven one-bedroom units and three two-bedroom units. Current ownership has extensively renovated 80% of the units, featuring new flooring throughout, modern kitchens with quartz countertops, stainless steel appliancesincluding dishwasher, stove/oven, and farmhouse-style sinkand open-concept dining and living areas. Renovated units also include updated bathrooms, contemporary vanities, spacious closets, and ample cabinet space.The two remaining legacy 1Bdr/1Bath units average $1,578/month against a market rent of $2,495, representing a $918 per-unit gap that offers meaningful upside through unit turnover and renovation.1323 11th Street provides investors a rare buying opportunity that delivers an immediate healthy income stream, with remaining rental upside in a prime coastal market.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS....
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Home facts
- Year built:1958
- Listing ID #:26828455
- Added:147 day(s) ago
- Updated:September 26, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:13
- Total bathrooms:10
- Living area:7,098 sq. ft.
Structure and exterior
- Year built:1958
- Building area:7,098 sq. ft.
- Lot area:0.17 Acres
- Levels:2 Story
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$493.1
Parking
- Total parking spaces:13
- Parking description:Covered
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