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Listing 6 out of 233
$4,300,000 Pending

911 Lincoln
Santa Monica, CA 90403

Residential Income
8,076 sq ft - MLS# 19465086
Property Photo
1/8

Description

*+/-33% Upside Potential in Rental Income*7.7% Cash-on-Cash Return with Rents at Market*Priced at Only $430K/Unit*3 Units Delivered Vacant Excellent unit mix consists of 2 two-bedroom/one-bath and 8 one-bedroom/one-bath units. Private garage parking and some units have been updated with stainless steel appliances, quartz countertops, custom cabinetry and hardwood floors. All units have spacious floorplans, dishwashers and lots of natural light.

Features

  • Property Type: Residential Income
  • Sub Type: Apartment Building
  • Listing Status: Pending
  • County/Area: Los Angeles County
  • Zip Code: 90403
  • Year Built: 1958
  • Subdivision/Neighborhood: Santa Monica (C14)
  • Sq.Ft.: 8,076 sq ft
  • Stories: 2-Story
  • # of Parking Spaces: 8
  • Zoning: SMR2
  • Adjusted Gross Income: 270906.00
  • Agent License Number: 01251767
  • Appliances: Dishwasher
  • Cap Rate: 4.00
  • City Code: 10000054288
  • Expense Electric: 660.00
  • Expense Gardener: 1200.00
  • Expense Gas: 379.00
  • Expense Insurance: 12445.00
  • Expense Licenses: 3142.00
  • Expense Maintenance: 4000.00
  • Expense Operating: 2030.00
  • Expense Other: 2500.00
  • Expense Pest: 525.00
  • Expense Tax: 51029.00
  • Expense Total Annual: 92756.00
  • Expense Trash: 1005.00
  • Expense Water: 2011.00
  • Gross Operating Income: 262779.00
  • Gross Rent Multiplier: 15.90
  • Heating Fuel: Wall Gas
  • Heating Type: Wall Gas
  • Lot Size SQFT: 7501
  • Lot Size Source: Vendor Enhanced
  • Net Operating Income: 170023.00
  • Number Of Buildings: 1
  • Parking Type: Assigned, Carport, Garage
  • Square Footage Source: Vendor Enhanced
  • Total Floors: 2
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Unfurnished
  • Unit Furnished05: Unfurnished
  • Unit Furnished06: Unfurnished
  • Unit Furnished07: Unfurnished
  • Unit Furnished08: Unfurnished
  • Unit Furnished09: Unfurnished
  • Unit Furnished10: Unfurnished
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 1215.00
  • Unit Monthly Rent02: 2495.00
  • Unit Monthly Rent03: 2700.00
  • Unit Monthly Rent04: 2700.00
  • Unit Monthly Rent05: 2710.00
  • Unit Monthly Rent06: 2595.00
  • Unit Monthly Rent07: 2700.00
  • Unit Monthly Rent08: 2390.00
  • Unit Monthly Rent09: 2390.00
  • Unit Monthly Rent10: 1980.00
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bath03: 1.0
  • Unit Number Of Bath05: 1.0
  • Unit Number Of Bath06: 1.0
  • Unit Number Of Bath07: 1.0
  • Unit Number Of Bath08: 1.0
  • Unit Number Of Bath09: 1.0
  • Unit Number Of Bath10: 1.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 1
  • Unit Number Of Bed03: 1
  • Unit Number Of Bed04: 1
  • Unit Number Of Bed05: 2
  • Unit Number Of Bed06: 1
  • Unit Number Of Bed07: 1
  • Unit Number Of Bed08: 1
  • Unit Number Of Bed09: 1
  • Unit Number Of Bed10: 1
  • Units In Complex: 10
  • h: 1.0
Courtesy of Kwsm, Kimberly Roberts Stepp (CalBRE: 01251767)

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Tom Swanson
Exclusive Realty, Inc.
2945 Westwood Blvd
Los Angeles, CA 90064
Phone: 310-702-8559
Email: Tom@WestsideTom.com

Testimonials

Tom Swanson represented me in a very successful real estate purchase last year. Tom paid close attention to my property selection criteria and saved me a great deal of time by only sharing listings that met my criteria. Once we found the desired property, Tom moved quickly to submit my offer, facilitate removal of contingencies, negotiate terms and concessions, and ultimately close the deal for under asking price. I have referred Tom to several family and friends and have engaged him to assist me with the pursuit of my next real estate purchase mitchnahass
Tom is not only a leader to his agents and an amazing professional. He is the kind of person who changes the face of Real Estate by his kindness, his courtesy and his entrepreneurial spirit. He always finds time to make himself available when you need him. Anaik Levy
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