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

1101 Lincoln Boulevard 3d, Santa Monica, California 90403 home-pic-0
ACTIVE$775,000
1101 Lincoln Boulevard 3d, Santa Monica, California 90403
2Beds
2Baths
1,012Sqft
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, just nine blocks from the beach and steps from the vibrant Montana Avenue corridor, offering exceptional desirability and long-term value.
Top Cons:
Mandatory Bulk Purchase: The requirement to purchase all nine units together necessitates a substantial capital outlay and complex transaction, significantly limiting the pool of potential buyers to large-scale investors or developers.

Compared to the nearby listings

Price:$775.0K vs avg $1.30M ($-525,000)15%
Size:1,012 sqft vs avg 1,394 sqft25%
Price/sqft:$766 vs avg $9984%

More Insights

Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. Crucially, the listing provides no interior images of the unit, especially the kitchen and bathrooms. For a property of this age, the absence of interior photos strongly suggests that these key areas are severely outdated and would require substantial renovation and rehabilitation to meet modern living standards. While the exterior and common areas appear maintained, this does not reflect the likely condition of the individual unit's interior, which is the primary focus for condition assessment.
Year Built
1964
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$766
HOA
$619.06
Days on market
-
Sold On
-
MLS number
25573177
Home ConditionPoor
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-5•0.4mi
9/10
Franklin Elementary School
Public,•PK-5•1.3mi
8/10
Lincoln Middle School
Public,•6-8•0.5mi
8/10
Santa Monica High School
Public,•9-12•1.0mi

Price History

Date
Event
Price
05/29/25
Sold
$750,000
Condition Rating
Poor
The property was built in 1964, making it 60 years old. Crucially, the listing provides no interior images of the unit, especially the kitchen and bathrooms. For a property of this age, the absence of interior photos strongly suggests that these key areas are severely outdated and would require substantial renovation and rehabilitation to meet modern living standards. While the exterior and common areas appear maintained, this does not reflect the likely condition of the individual unit's interior, which is the primary focus for condition assessment.
Pros & Cons

Pros

Prime Coastal Location: Situated in the highly coveted North of Wilshire neighborhood in Santa Monica, just nine blocks from the beach and steps from the vibrant Montana Avenue corridor, offering exceptional desirability and long-term value.
Exceptional Walkability & Accessibility: Boasts a Walk Score of 91, providing unmatched access to iconic Santa Monica destinations like Palisades Park, the Pier, and Third Street Promenade, along with excellent connectivity to major freeways and transit.
Significant Investment Opportunity: Acquiring nine out of eleven condominium units offers substantial control over the building, potential for stable income generation, and a rare opportunity for a trophy investment in a supply-constrained market.
Desirable Unit Features: Each unit includes valuable amenities such as on-site parking, separate gas and electric meters, individual water heaters, a building-wide security system, and in-unit dishwashers, enhancing tenant appeal.
Positive Views: The property offers distant ocean, mountain, and city lights views, which contribute positively to its appeal and overall value in the Santa Monica market.

Cons

Mandatory Bulk Purchase: The requirement to purchase all nine units together necessitates a substantial capital outlay and complex transaction, significantly limiting the pool of potential buyers to large-scale investors or developers.
Likely Outdated Interiors: Built in 1964 and receiving a 'Poor' condition score, coupled with the complete absence of interior photos, strongly indicates that units will require extensive renovation and modernization, particularly kitchens and bathrooms.
Age-Related Capital Expenditures: As a 60-year-old building, there is a high probability of aging infrastructure (e.g., plumbing, electrical, common area systems) that could lead to significant unforeseen maintenance costs and capital improvement needs beyond cosmetic updates.

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