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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,700,000

Est. payment - /mo

7,492 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26051364

HOA Y/N No

Year Built 1956

Lot Size 7,492 Sqft

Property Sub-Type Apartment

Property Description

The subject property (Lincoln Park Apartments) is a Classic 1950's two story walkup apartment building with 10 units. There are 3 two bedroom units, 5 one bedroom units, and 2 Studio apartments. The property features a gated central courtyard for access to the common area and entry for all of the units. There is a laundry room on site and 7 parking garages, in addition to the front parking area for 3 more vehicles. The units are subject to City of Santa Monica Rent Control and all units are below market with upside in rental income as units turnover. The property is in one of the most desirable areas of Santa Monica, just north of Wilshire Boulevard across from beautiful Reed Park which encompasses a full city block and has picnic tables, benches, basketball courts, public and private tennis courts. This quiet apartment complex is a short walk or bike ride to, 3rd Street Promenade with it's many shops and restaurants, the park along Ocean Avenue, Santa Monica State Beach, and The Santa Monica Pier. Properties in this area rarely become available, and are in high demand.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Urban

Total Parking Spaces 10

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4281035016

Energy Description 2095.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Stephen Lampe Re/Max Commercial & Investment slampe@remaxcir.com, DRE #01164364

NEARBY SCHOOL & BUSINESS

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1129 Lincoln BLVD Santa Monica, CA 90403