1101 Lincoln Boulevard 2c, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath

1101 Lincoln Boulevard 2c, Santa Monica, California 90403 home-pic-0
ACTIVE$798,765
1101 Lincoln Boulevard 2c, Santa Monica, California 90403
2Beds
2Baths
1,044Sqft
7,496Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in the coveted North of Wilshire neighborhood of Santa Monica, just nine blocks from the beach and steps from Montana Avenue, offering unparalleled access to a highly sought-after and supply-constrained coastal market.
Top Cons:
Mandatory Bulk Purchase: The requirement to purchase all nine units together drastically narrows the potential buyer pool to only large-scale investors or entities, excluding individual unit buyers.

Compared to the nearby listings

Price:$798.8K vs avg $1.30M ($-501,235)15%
Size:1,044 sqft vs avg 1,394 sqft27%
Price/sqft:$765 vs avg $9984%

More Insights

Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. While the exterior and common areas appear well-maintained, and the description states units are 'well-appointed' and include 'in-unit dishwashers' and 'individual water heaters,' there are no interior images provided to assess the condition, style, or age of the kitchens, bathrooms, flooring, or light fixtures. Without evidence of recent extensive renovations, it's reasonable to assume the interiors are functional but likely dated, requiring minor updates to meet current aesthetic and feature standards. This aligns with the 'Fair' criteria of being aged but maintained, with functional but outdated major components.
Year Built
1964
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$765
HOA
$654.64
Days on market
-
Sold On
-
MLS number
25572651
Home ConditionFair
Features
Good View: City Lights, Mountain(s), Ocean
ViewCity Lights,Mountain(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

Price History

Date
Event
Price
05/29/25
Sold
$750,000
Condition Rating
Fair

The property was built in 1964, making it 60 years old. While the exterior and common areas appear well-maintained, and the description states units are 'well-appointed' and include 'in-unit dishwashers' and 'individual water heaters,' there are no interior images provided to assess the condition, style, or age of the kitchens, bathrooms, flooring, or light fixtures. Without evidence of recent extensive renovations, it's reasonable to assume the interiors are functional but likely dated, requiring minor updates to meet current aesthetic and feature standards. This aligns with the 'Fair' criteria of being aged but maintained, with functional but outdated major components.
Pros & Cons

Pros

Prime Coastal Location: Situated in the coveted North of Wilshire neighborhood of Santa Monica, just nine blocks from the beach and steps from Montana Avenue, offering unparalleled access to a highly sought-after and supply-constrained coastal market.
Exceptional Walkability & Accessibility: Boasts a Walk Score of 91, providing unmatched walkability to iconic Santa Monica destinations like Palisades Park, the Pier, and Third Street Promenade, coupled with excellent access to major freeways and transit corridors.
Significant Portfolio Acquisition: A unique opportunity to acquire nine out of eleven condominium units, offering substantial control over the property and a significant investment portfolio in a prime location.
Desirable Unit Amenities: Each unit is well-appointed with essential amenities including on-site parking, separate utility meters, individual water heaters, and in-unit dishwashers, enhancing tenant appeal and operational efficiency.
Strong Investment Potential: Positioned as a 'trophy investment' in a high-demand market, promising income stability and long-term value appreciation due to its prime location and the nature of the bulk acquisition.

Cons

Mandatory Bulk Purchase: The requirement to purchase all nine units together drastically narrows the potential buyer pool to only large-scale investors or entities, excluding individual unit buyers.
Misleading Listing Price: The listed price is for a single unit, yet the property explicitly states all nine units must be purchased concurrently, creating significant confusion and misrepresenting the actual multi-million dollar investment required.
Building Age & Cumulative HOA Fees: Built in 1964, the building's age may necessitate future capital expenditures. Furthermore, the cumulative HOA fees for nine units represent a substantial ongoing operational cost for the bulk buyer.

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