1101 Lincoln Boulevard 1c, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath

1101 Lincoln Boulevard 1c, Santa Monica, California 90403 home-pic-0
ACTIVE$1,052,779
1101 Lincoln Boulevard 1c, Santa Monica, California 90403
3Beds
3Baths
1,376Sqft
7,496Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in the highly coveted North of Wilshire neighborhood in Santa Monica, boasting a Walk Score of 91, and just nine blocks from the beach and steps from Montana Avenue, offering unparalleled walkability and desirability.
Top Cons:
Mandatory Bulk Purchase: The requirement to purchase all nine units together significantly narrows the buyer pool, limiting potential purchasers to large-scale investors rather than individual unit buyers.

Compared to the nearby listings

Price:$1.05M vs avg $1.30M ($-247,221)27%
Size:1,376 sqft vs avg 1,394 sqft45%
Price/sqft:$765 vs avg $9984%

More Insights

Built in 1964 (61 years old).
Condition: The property was built in 1964, but the interior images show significant updates. The kitchen features modern white shaker cabinets and functional black appliances, while the living areas have updated laminate or engineered wood flooring and fresh paint. These updates make the unit move-in ready with no immediate renovation required, aligning with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years. While no bathroom images are provided, the visible areas suggest a well-maintained and updated interior.
Year Built
1964
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$765
HOA
$875.22
Days on market
-
Sold On
-
MLS number
25572601
Home ConditionGood
Features
Good View: Mountain(s), Ocean
ViewMountain(s), Ocean

About this home

This unit is part of a 9 unit Bulk Condo Sale comprised of units 1B, 1C, 2A, 2B, 2C, 2D, 3B, 3C and 3D (All Units Must be Purchased Together). This is a unique 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). 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.

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.4mi
9/10
Franklin Elementary School
Public,PK-51.3mi
8/10
Lincoln Middle School
Public,6-80.5mi
8/10
Santa Monica High School
Public,9-121.0mi
Condition Rating
Good

The property was built in 1964, but the interior images show significant updates. The kitchen features modern white shaker cabinets and functional black appliances, while the living areas have updated laminate or engineered wood flooring and fresh paint. These updates make the unit move-in ready with no immediate renovation required, aligning with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years. While no bathroom images are provided, the visible areas suggest a well-maintained and updated interior.
Pros & Cons

Pros

Prime Coastal Location: Situated in the highly coveted North of Wilshire neighborhood in Santa Monica, boasting a Walk Score of 91, and just nine blocks from the beach and steps from Montana Avenue, offering unparalleled walkability and desirability.
Exceptional Investment Opportunity: A rare bulk acquisition of nine out of eleven condominium units in a supply-constrained coastal submarket, providing significant income stability and long-term value appreciation potential.
Desirable Unit Features: Each unit includes on-site parking, separate gas and electric meters, individual water heaters, and in-unit dishwashers, enhancing tenant appeal and operational efficiency.
Diverse Unit Mix: The offering comprises eight 2-bed/2-bath units and one expansive 3-bed/3-bath residence, catering to a broader range of potential tenants and maximizing rental income flexibility.
Scenic Views: The property benefits from desirable mountain and ocean views, adding to its intrinsic value and attractiveness for residents.

Cons

Mandatory Bulk Purchase: The requirement to purchase all nine units together significantly narrows the buyer pool, limiting potential purchasers to large-scale investors rather than individual unit buyers.
Building Age: Built in 1964, the property is over 50 years old, which may necessitate future capital expenditures for system upgrades, renovations, or deferred maintenance to remain competitive.
High Cumulative HOA Fees: While covering common expenses, the individual HOA fee of $875.22 per unit results in a substantial cumulative monthly cost for all nine units, impacting the overall net operating income.

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