No City of Santa Monica rent control; CA rent control only. Excellent curb appeal, pride of ownership property. The building is located in high tenant demand Pico area in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the City, and the Los Angeles area, with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and easy access to the 10 Freeway. Neighboring communities include the prime areas of Brentwood, West Los Angeles, Venice Beach and Marina Del Rey. Charming building with serene garden and beautiful buildings surrounding the property. Four units have been fully upgraded including in-unit laundry. One additional unit with partially upgraded kitchen and flooring and one unit has new bathroom. The unit mix consists of seven 1 bed/1 bath and one 2 bed/ 1 bath. Newly finished ADU unit being delivered tenant-ready, offering immediate upside. Property has been well maintained. New copper piping throughout the attic. Staircase redone 2014; New front fence 2021. Minimum maintenance requirements with upside potential from remaining non-upgraded units. Parking spaces in the back plus attached garage. No soft-story required. There is potential to convert garage to a second bedroom for the ADU. (Buyer to verify.) Two units deeded as low and moderate income until 2042. Buyer to verify any and all information regarding property. PLEASE DO NOT DISTURB TENANTS.
Listed by Mark Epstein
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License #00820307
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Mark Epstein & Associates
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310-993-8966
Last updated January 23, 2025
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Source: CRMLS #SC22161884
Listing Facts
TypeMulti-family
NeighborhoodTowner Terrace
Days on Prevu1139
Amenities
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
01/23/2025
Status changed to Active
$2,990,000
08/17/2024
Status changed to Withdrawn
$2,990,000
05/23/2024
Status changed to Removed from Feed
$2,990,000
07/25/2022
Listed by Mark Epstein & Associates
$2,990,000
Property Details for 1904 11th Street
Association
Amenities
Community Features: Curbs, Urban
Exterior
Construction
Number Of Units Total: 8
Property Attached: Yes
Year Built: 1986
Common Walls: 2+ Common Walls
Measurements
Building Area Total: 5,312
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre, Level, Near Public Transit, Rectangular Lot
Lot Size Acres: 0.17
Lot Size Area: 7,486
Lot Size Source: Assessor
Lot Size Square Feet: 7,486
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.17
Gross Income: $185,892.00
Operating Expense: $58,518.00
Taxes
Parcel Number: 4283024008
Interior
Features
Appliances: Dryer, Washer
Other
Location
Tax Lot: 389
Parking
Parking
Garage Spaces: 1
Garage: Yes
Open Parking Spaces: 7
Parking Features: Concrete, Door-Single, Garage, On Site, Garage Faces Rear, One Space
Parking Total: 8
Utilities
Equipment
Laundry Features: Inside, See Remarks
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.