852 11th St, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 2 bath
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Santa Monica, California 90403
This Prime Multi-Unit Residential Compound is listed at $3,999,999, representing a stable valuation near its $3,744,047 Fair Market Value when accounting for its unique high-yield income stream. The property features a Move-in Ready 3-bedroom front house paired with four rear units generating over $11,000/month in rental income, all maintaining a solid Condition Rating of 3. Located steps from Montana Avenue and served by Top-Rated Schools like Franklin Elementary, this asset combines a luxury lifestyle with significant financial upside. It is an ideal acquisition for Owner-Occupants looking to offset their mortgage or Buy-and-Hold Investors seeking a premier Westside portfolio piece.
Property is move-in ready.
The property is move-in ready and features a well-maintained interior with modern updates. The kitchen is equipped with stainless steel appliances, white shaker-style cabinetry, and dark stone countertops. Throughout the home, there are updated light fixtures, recessed lighting, and consistent flooring. While the renovation style and sales history suggest the updates were likely completed around 2016 (approximately 8 years ago), the home shows minimal wear and tear and meets current quality standards without requiring immediate renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1850.
Elementary School: Franklin Elementary School (9/10).
Situated on one of Santa Monica's most coveted streets just steps from Montana Avenue, offering unparalleled walkability to premier dining, shopping, and lifestyle amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1850, other record living area = 3380. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The multi-unit compound configuration results in shared lot space with four other tenanted units, which may detract from the privacy typically expected of a $4M Santa Monica residence.
Operating a five-unit residential compound requires active property management and tenant oversight, which may be a drawback for buyers seeking a low-maintenance single-family lifestyle.
Rare opportunity on one of Santa Monica's most coveted streets just steps from Montana Avenue. Properties like this rarely come to market. This unique compound offers a 3-bedroom, 2-bath front house delivered vacant, paired with four income-producing units in the rear (two studios and two one-bedrooms) currently generating over $11,000/month in rental income. Whether you're an owner-user looking to live in a prime location while offsetting your mortgage, or an investor seeking strong in-place income with immediate upside, this property checks every box. The vacant front house alone offers significant rental potential, creating a clear path to materially higher income. Surrounded by mature landscaping and tucked behind a private setting, the property delivers both tranquility and walkable access to Montana Avenue's top-tier dining, shopping, and lifestyle amenities. Opportunities like this - location, vacancy, and income - are extremely limited and highly coveted.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades PK-5 • 1.0 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,850 | 1,920.5 | 44% |
| Lot Size | 7,500 | 7,857.5 | 31% |
| Price | $4.00M | $3.62M | 56% |
| Price per sq ft | $2.2K | $1.8K | 81% |
| Built year | 0 | 1937 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 159 | 6% |
Apr 13, 2026
$3,999,999
Initial Listing
Apr 8, 2016
$2,815,000
Public Record
Feb 5, 2003
$80,000
Public Record