1101 Lincoln Blvd - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$7,234,000 USD
310-779-9929
1101 Lincoln Blvd, Santa Monica, CA for Sale
$7,234,000 USD
Apartments - FOR SALE
1/36
null | 3.78% Cap Rate

1101 Lincoln Blvd
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Not Subject to Rent Control: Exempt from Santa Monica’s rent control regulations, offering flexibility for rent increases and greater income potential
  • 9 Units with Separate APN Numbers
  • Significant Rental Upside: Approximately 39% rental upside, providing immediate opportunities for enhanced cash flow and long-term value creation.
  • Majority Control of HOA: Ownership of 9 out of 11 units provides a 82.4% share of the Homeowners Association, offering strategic influence over buildi
  • Multiple Exit Strategies
  • New Roof & Recent Upgrades: The property benefits from a newly replaced roof, recent plumbing system upgrades and electrical upgrades

OVERVIEW

True North CRE of Compass Commercial is pleased to present the opportunity to acquire nine (9) out of eleven (11) condominium units (all with separate Assessor Parcel Numbers) at 1101 Lincoln Boulevard, ideally situated in the coveted North of Wilshire neighborhood of Santa Monica. Just nine blocks from the beach and steps from the vibrant Montana Avenue corridor, this rare coastal investment offers an exceptional combination of prime location, income stability, and long-term value. Originally built in 1964, the three-story building consists of eleven (11) total units on a 7,494 square-foot parcel zoned SMR2. This nine (9) unit offering includes eight (8) well-appointed 2-bed/2-bath units and one (1) expansive 3-bed/3-bath residence, totaling approximately 9,454 square feet of living area. Each unit features on-site parking, separate gas and electric meters, individual water heaters, a building-wide security system, and in-unit dishwashers. Common area expenses—including water, trash, and shared electricity—are covered through the Homeowners Association (HOA). By acquiring seven of the eleven units, the buyer will hold majority control of the HOA with a 82.4% ownership interest, providing strategic influence over building operations and future planning. With a Walk Score of 91, residents enjoy unmatched walkability to some of Santa Monica’s most iconic destinations, including Palisades Park, Santa Monica Pier, Third Street Promenade, and Santa Monica State Beach. The property also offers excellent accessibility to major freeways and transit corridors, with convenient access to Downtown Los Angeles, Silicon Beach, and LAX. This is a unique opportunity to acquire a trophy investment in one of Southern California’s most sought-after and supply-constrained coastal submarkets.

FOR SALE DETAILS

PRICE

$7,234,000 USD

PRICE/SF

$765 USD /SF

# OF UNITS

9

PRICE/UNIT

$803,778

CAP RATE

3.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,494 SF

ZONING

SMR3

APN/PARCEL ID

4218-035-056,4218-035-057,4218-035-058,4218-035-059,4218-035-060,4218-035-061,4218-035-063,4218-035-064,4218-035-065

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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John SwartzCompass CommercialMore Info
310-779-9929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.