We are 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 in1976, 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.
Property Details
Price:
$3,850,000
MLS #:
25491091
Status:
Active
Baths:
0
Address:
1143 Lincoln Boulevard
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Jan 29, 2025
State:
CA
ZIP:
90403
Lot Size:
7,520 sqft / 0.17 acres (approx)
Year Built:
1976
See this Listing
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Schools
Interior
Appliances
Dishwasher, Microwave
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
16.00
Stories Total
3
Financial
Map
Community
- Address1143 Lincoln Boulevard Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90403
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1143 Lincoln Boulevard
Santa Monica, CA
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