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Multifamily

1234 11th St

1234 11th St, Santa Monica, CA 90401

Listing Price: $6,000,000

Cap Rate
3.84%
Number of Units
11
Price/Unit
$545,455
Price/Gross SF
$589.80
Gross SF
10,173

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 1234 11th Street, an 11-unit multifamily investment located in the supply constrained beach front city of Santa Monica, CA.

Investment Highlights

  • Spacious Units averaging over 924 SF!
  • Excellent Unit Mix Composed of One-Bedroom, Two-Bedroom and Three-Bedroom Units -Well Suited for Today's Market.
  • Six Units Delivered Vacant!
  • 1234 11th Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations -Current Loss-to-Lease Approx. 32%.
  • Walkscore.com Rates 1234 11th Street a Walker's Paradise; Daily Errands do not Require a Car.

Exclusively Listed By

Financing By

Multifamily

1234 11th St

Listing Price: $6,000,000

Cap Rate
3.84%
Number of Units
11
Price/Unit
$545,455
Price/Gross SF
$589.80
Gross SF
10,173

Investment Highlights

  • Spacious Units averaging over 924 SF!
  • Excellent Unit Mix Composed of One-Bedroom, Two-Bedroom and Three-Bedroom Units -Well Suited for Today's Market.
  • Six Units Delivered Vacant!
  • 1234 11th Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations -Current Loss-to-Lease Approx. 32%.
  • Walkscore.com Rates 1234 11th Street a Walker's Paradise; Daily Errands do not Require a Car.

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 1234 11th Street, an 11-unit multifamily investment located in the supply constrained beach front city of Santa Monica, CA.

Exclusively Listed By

Financing By

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