30
See all 30 photos
$13,995,000
Est. payment /mo
18 Beds
24 Baths
14,334 SqFt
New
842 11th ST Santa Monica, CA 90403
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,334 sqft
Price per Sqft $976
MLS Listing ID 26101638
Bedrooms 18
HOA Y/N No
Year Built 1990
Lot Size 7,501 Sqft
Property Description
Offered for sale for the very first time, this distinguished trophy property presents an extraordinary investment opportunity less than one block from Santa Monica's prestigious Montana Avenue, renowned for its upscale boutiques, restaurants, and cafes. Generating over $750,000 in annual gross rental income, this luxury property features a highly coveted and seldom-available unit mix: One spectacular 5-bedroom, 6-bathroom luxury residence spanning approximately 4,000 square feet; Two spacious 3-bedroom, 3.5-bathroom residences; and Five generously proportioned 2-bedroom, 2-bathroom residences. Every residence has been extensively remodeled with high-end finishes, offering sophisticated interiors and spacious, thoughtfully designed floor plans. Additional highlights include gated subterranean parking, owner-owned laundry facilities, low maintenance requirements, and no seismic retrofit required. A COMPELLING INVESTMENT OPPORTUNITY: With substantial in-place income, minimal anticipated capital expenditures, and a rare collection of oversized luxury residences, this turnkey property offers immediate cash flow without the renovation costs and lease-up risks associated with traditional value-add investments. Its irreplaceable location, premium finishes, and distinctive unit mix position it for enduring rental demand and long-term appreciation potential. A true legacy asset combining luxury, location, strong income, and long-term investment value in one of Southern California's most prestigious coastal communities.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer
Laundry Common Area, Stacked
Exterior
Parking Features Gated, Private
Total Parking Spaces 18
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4281024010
Security Features Carbon Monoxide Detector(s),Fire Detection System,Key Card Entry,Smoke Detector(s)
Special Listing Condition Standard
Listed by Ali Safavi Real Estate eBroker Inc. #02112648
NEARBY SCHOOL & BUSINESS
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