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$2,390,000

Est. payment - /mo

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7,487 Sqft Lot

Price Dropped by $135K

1904 11th ST Santa Monica, CA 90404

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Nick Ospina

nickospina.re@gmail.com +1(858) 228-0144

UPDATED:

02/12/2025 02:48 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC25017110

HOA Y/N No

Year Built 1986

Lot Size 7,487 Sqft

Property Sub-Type Apartment

Property Description

MAJOR PRICE REDUCTION. 5.53% current CAP factoring new taxes. No City of Santa Monica rent control; CA rent control only. Current 5.53% CAP with upside! 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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Fireplace No

Appliance Dryer, Washer

Laundry Inside, See Remarks

Exterior

Parking Features Concrete, Door-Single, Garage, On Site, Garage Faces Rear, One Space

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Urban

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Level, Near Public Transit, Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4283024008

Energy Description 1698.0

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

Listed by Mark Epstein • Mark Epstein & Associates • 310-993-8966

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Nick Ospina

Agent | License ID: 02062323

+1(858) 228-0144