5
See all 5 photos
$3,800,000
Est. payment /mo
7,492 Sqft Lot
Active
1129 Lincoln BLVD Santa Monica, CA 90403
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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
Listed by Stephen Lampe Re/Max Commercial & Investment slampe@remaxcir.com, DRE #01164364
Nearby Locations
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