1101 Lincoln Boulevard 3b, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath

1101 Lincoln Boulevard 3b, Santa Monica, California 90403 home-pic-0
ACTIVE$759,000
1101 Lincoln Boulevard 3b, Santa Monica, California 90403
2Beds
2Baths
992Sqft
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 of Santa Monica, just nine blocks from the beach and steps from Montana Avenue, offering unmatched walkability (Walk Score 91) to iconic destinations and excellent transit accessibility.
Top Cons:
Mandatory Bulk Purchase: The requirement to purchase all nine units together significantly narrows the potential buyer pool, limiting it to large-scale investors and excluding individual unit buyers, which could impact marketability and time on market.

Compared to the nearby listings

Price:$759.0K vs avg $1.30M ($-541,000)13%
Size:992 sqft vs avg 1,394 sqft24%
Price/sqft:$765 vs avg $9984%

More Insights

Built in 1964 (61 years old).
Condition: Built in 1964, this unit has been extensively renovated internally, making it move-in ready. The kitchen features modern white shaker cabinets, stainless steel appliances, and subway tile backsplash. Bathrooms are updated with contemporary vanities and clean tiling. Flooring in main living areas is updated laminate/engineered wood, and bedrooms have clean carpet. While the building's exterior reflects its age, the interior updates appear to be within the last 5-15 years, providing a functional and aesthetically pleasing living space with no immediate renovation required.
Year Built
1964
Close
-
List price
$759K
Original List price
$759K
Price/Sqft
$765
HOA
$604.83
Days on market
-
Sold On
-
MLS number
25573065
Home ConditionGood
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
Good

Built in 1964, this unit has been extensively renovated internally, making it move-in ready. The kitchen features modern white shaker cabinets, stainless steel appliances, and subway tile backsplash. Bathrooms are updated with contemporary vanities and clean tiling. Flooring in main living areas is updated laminate/engineered wood, and bedrooms have clean carpet. While the building's exterior reflects its age, the interior updates appear to be within the last 5-15 years, providing a functional and aesthetically pleasing living space with no immediate renovation required.
Pros & Cons

Pros

Prime Coastal Location: Situated in the highly coveted North of Wilshire neighborhood of Santa Monica, just nine blocks from the beach and steps from Montana Avenue, offering unmatched walkability (Walk Score 91) to iconic destinations and excellent transit accessibility.
Significant Investment Opportunity: A rare chance to acquire nine out of eleven condominium units in a single transaction, representing a 'trophy investment' in a supply-constrained coastal market with strong potential for long-term value appreciation and income stability.
Diverse Unit Mix & Desirable Amenities: The offering includes eight 2-bed/2-bath units and one expansive 3-bed/3-bath residence, each featuring on-site parking, separate utilities (gas/electric meters, water heaters), and in-unit dishwashers, appealing to a broad tenant base.
Potential for Scenic Views: The property offers potential for desirable views including City Lights, Mountains, and Ocean, which significantly enhance the appeal and value of units in this prime Santa Monica location.
Immediate Income Stream Potential: As a bulk sale of multiple units, this acquisition provides an immediate opportunity for an investor to generate substantial rental income, contributing to portfolio diversification and cash flow stability.

Cons

Mandatory Bulk Purchase: The requirement to purchase all nine units together significantly narrows the potential buyer pool, limiting it to large-scale investors and excluding individual unit buyers, which could impact marketability and time on market.
Building Age: Built in 1964, the property is 60 years old. While potentially well-maintained, older buildings may incur higher maintenance costs, require significant capital expenditures for system upgrades, or present challenges in meeting modern tenant expectations without renovation.
Partial Building Control: Acquiring 9 out of 11 units means the buyer will not have full ownership or complete control over the entire building or Homeowners Association (HOA), which could lead to limitations in decision-making or future redevelopment plans.

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