Santa Monica, CA 90404,1850 11th ST
Santa Monica, CA 90404,1850 11th ST
Santa Monica, CA 90404,1850 11th ST
Santa Monica, CA 90404,1850 11th ST
Santa Monica, CA 90404,1850 11th ST
Santa Monica, CA 90404,1850 11th ST
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$4,408,000

$4,598,000

4.1%
Est.Price: ?

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Est. payment /mo

6,387 SqFt


SOLD DATE : 12/17/2021

Key Details

Sold Price $4,408,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 6,387 sqft

Price per Sqft $690

MLS Listing ID OC21137859

Sold Date 12/17/21

Construction Status Turnkey

HOA Y/N No

Year Built 1964

Lot Size 7,509 Sqft

Acres 0.1724

Property Description

1850 11th Street is a stunning, newly redeveloped 6-unit garden-style, boutique apartment building, where residents Live, Work and Play in this Iconic, Santa Monica retreat.

The striking, soft-contemporary apartments incorporate tranquil seaside elements & organic materials with airy sunlit open spaces, each opening to private garden spaces blocks to the sand.

At the epicenter of Silicon Beach, the Beach Community of Santa Monica is home to world-class technology, media, and entertainment companies such as Google, Facebook, Hulu, Electronic Arts, among many others, providing a steady source of high-income professional renters.

There is an exceptional 10-year fixed loan with a 10-year float that provides the in-place leverage to bump the investment returns on these custom Santa Monica Apartment Residences.

The opportunity features strong & stable in-place income plus meaningful rental upside in one of LA's best rental markets.

100% Occupied, with a waiting list of 14 prospective Tenants.

Ocean Breezes, gorgeous Tree-Lined Residential Street, a Secluded Entry Courtyard, all, with the tranquil Gardens that your Tenant’s crave.

Stunningly Re-Designed & Upgraded Beach-Apartment meets Prime Santa Monica. The units feature High-End finishes, Custom, Architectural Kitchens with Euro Cabinetry, Gleaming New Quartz Waterfall-Edge Counters, wide Plank Floors, a full suite of Stainless Appliances, Sunlit Dining Areas, & Spa-Like Baths.

Tenants enjoy their Own, In-Unit, Washers and Dryers, Ample Closet Spaces, Fully Enclosed, Patio's or Sundecks, all within fully Gated and Enclosed Gardens with Barbecue and Entertaining areas. Ample parking for 11 cars.

Your Tenants will enjoy California Living at its Finest. Living Seconds to open air restaurants, shops, & breath-taking Santa Monica Beaches.

We expect this rare, Newly Redeveloped Apartment to be received exceptionally well. This one will not last long! Call today to schedule your viewing.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Interior Features Ceiling Fan(s), Living Room Deck Attached, Open Floorplan, Stone Counters, Recessed Lighting, Storage, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Main Level Master

Heating Wall Furnace

Cooling Central Air, See Remarks, Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Range, Gas Oven, Gas Range, Refrigerator, Range Hood, Dryer, Washer

Exterior

Exterior Feature Lighting

Garage Assigned

Garage Spaces 1.0

Garage Description 1.0

Fence Block, Wood

Pool None

Community Features Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Preserve/Public Land, Street Lights, Suburban, Sidewalks, Water Sports, Park

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected

View Y/N Yes

View Courtyard, Park/Greenbelt, Neighborhood, Trees/Woods

Roof Type Flat

Accessibility None

Parking Type Assigned

Total Parking Spaces 9

Private Pool No

Building

Lot Description Front Yard, Garden, Sprinklers In Front, Near Park, Sprinklers On Side, Sprinkler System, Trees, Walkstreet, Yard

Story 2

Entry Level Two

Foundation Raised

Sewer Sewer Tap Paid

Water Public

Architectural Style Contemporary, Mid-Century Modern, Other

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 4283024010

Security Features Security Lights

Energy Description 591.18

Acceptable Financing Cash to Existing Loan

Listing Terms Cash to Existing Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Julie Boyd • Home Buyers Realty
Bought with Julie Boyd • Home Buyers Realty

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Valerie Castle

Partner | Lic# DRE# 01065018/02178736

+1(805) 749-3777

4744 Telephone Rd. # 3-227, Ventura, CA, 93003

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