thank you
Your email has been sent!
All 3 Bedroom Units North of Wilshire Blvd! 1143 Lincoln Blvd 8 Unit Apartment Building $3,725,000 ($465,625/Unit) 4.94% Cap Rate Santa Monica, CA 90403
INVESTMENT HIGHLIGHTS
- Incredibly priced property!!! 8 units ideally located in a premier “North of Wilshire” Santa Monica location
- Incredible rental upside
- Ample on-site parking
- Fantastic unit mix of all very large 3-bedroom floor plans
- On-site laundry facilities
- In close proximity to the beach, downtown Santa Monica, and high-end dining and shopping of Montana Avenue
EXECUTIVE SUMMARY
PRICE IMPROVEMENT. INCREDIBLY PRICED DEAL NORTH OF WILSHIRE!!! Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an incredible multifamily asset located at 1143 Lincoln Blvd in the heart of LA’s famed beach city of Santa Monica. Originally built in 1976, the building boasts an incredibly unique unit mix consisting of all very large 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light.
Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (8) 3-bed, 2-bath units. Many of the units have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. Additionally, units feature fireplaces and balconies. This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor’s portfolio.
A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place
income, enormous rental upside potential, and a secured tenant base, 1143 Lincoln Blvd gives buyers the unique opportunity to own a generational asset in one of LA’s most prized and coveted locations.
Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (8) 3-bed, 2-bath units. Many of the units have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. Additionally, units feature fireplaces and balconies. This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor’s portfolio.
A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place
income, enormous rental upside potential, and a secured tenant base, 1143 Lincoln Blvd gives buyers the unique opportunity to own a generational asset in one of LA’s most prized and coveted locations.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$288,132
|
$27.61
|
| Other Income |
$1,397
|
$0.13
|
| Vacancy Loss |
$8,644
|
$0.83
|
| Effective Gross Income |
$280,885
|
$26.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$96,874
|
$9.28
|
| Net Operating Income |
$184,011
|
$17.64
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $288,132 |
| Annual Per SF | $27.61 |
| Other Income | |
|---|---|
| Annual | $1,397 |
| Annual Per SF | $0.13 |
| Vacancy Loss | |
|---|---|
| Annual | $8,644 |
| Annual Per SF | $0.83 |
| Effective Gross Income | |
|---|---|
| Annual | $280,885 |
| Annual Per SF | $26.92 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $96,874 |
| Annual Per SF | $9.28 |
| Net Operating Income | |
|---|---|
| Annual | $184,011 |
| Annual Per SF | $17.64 |
PROPERTY FACTS
| Price | $3,725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $465,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.94% | Building Size | 10,434 SF |
| Gross Rent Multiplier | 12.87 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.53/1,000 SF |
| Price | $3,725,000 |
| Price Per Unit | $465,625 |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| Gross Rent Multiplier | 12.87 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,434 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1976 |
| Parking Ratio | 1.53/1,000 SF |
UNIT AMENITIES
- Fireplace
- Refrigerator
- Oven
- Range
- Carpet
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 8 | $3,001 | - |
1 of 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 4281-035-013 | Improvements Assessment | $1,254,518 |
| Land Assessment | $2,543,896 | Total Assessment | $3,798,414 |
PROPERTY TAXES
Parcel Number
4281-035-013
Land Assessment
$2,543,896
Improvements Assessment
$1,254,518
Total Assessment
$3,798,414
ZONING
| Zoning Code | R3A, Santa Monica |
| R3A, Santa Monica |
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
All 3 Bedroom Units North of Wilshire Blvd! | 1143 Lincoln Blvd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.