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.
1234 11th St
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
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
