1129 Lincoln Boulevard, Santa Monica, CA 90403
- $3,700,000
- List Price
- $3,700,000
- Price Change
- ▼ $100,000 1779227467
- Status
- ACTIVE
- MLS#
- SB26051364
- Year Built
- 1956
- Lot Size
- 7,494
- Lot Location
- Rectangular Lot
- Days on Market
- 140
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Stories
- Two Levels
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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 7
- Sewer
- Public Sewer
- Water
- Public
- Terms
- Cash, Cash to New Loan
Mortgage Calculator
Listing courtesy of Listing Agent: Stephen Lampe (slampe@remaxcir.com) from Listing Office: Re/Max Commercial & Investment.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.