$3,700,000
SOLD APR 24, 2025

1143 Lincoln Blvd Santa Monica, CA 90403

Wilshire Montana Neighborhood
24 Beds
16 Baths
10,434 Sq Ft
7,520 Sq Ft Lot

Recently Sold

$355 Per Sq Ft

11% Below List Price

71 Days on Market

About This Home

As of April 2025

PRICE IMPROVEMENT. INCREDIBLY PRICED DEAL NORTH OF WILSHIRE!!! We are pleased to offer for sale an incredible multifamily asset located at 1143 Lincoln Blvd. in the heart of LA's famed beach city of Santa Monica. Originally built in1976, the building boasts an incredibly unique unit mix consisting of all very large 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (8) 3-bed, 2-bath units. Many of the units have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. Additionally, units feature fireplaces and balconies. This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 1143 Lincoln Blvd. gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.

Last Agent to Sell the Property

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 01/29/2025

Remax Commercial and Investment Realty

Last Buyer's Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 01/29/2025

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 7,520 Sq Ft Lot
  • Lot Dimensions are 50x150

Interior Spaces

  • 10,434 Sq Ft Home
  • 3-Story Property

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Parking

  • 16 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4281-035-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 10434
  • Lot Acreage: 0.1726
  • Lot Dimensions: 50x150
  • Stories: 3
  • Year Built: 1976
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Total Bathrooms: 16.00
  • Equipment: Dishwasher, Microwave
  • Price Per S Q F T: 357.01

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 16

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 33.03
  • Assessed Improvement Value: 1254518
  • Assessed Land Percent: 66.97
  • Assessed Land Value: 2543896
  • Total Assessed Value: 3798414
  • Assessor Parcel Number: 4281-035-013
  • Lot Size Area: 7520

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.87
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 96874
  • Type Of Units: 3s
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Sold $3,700,000 -0.7% $355 / Sq Ft
04/10/2025 04/10/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $3,725,000 -3.2% $357 / Sq Ft
02/13/2025 02/13/25 Price Changed $3,850,000 -7.2% $369 / Sq Ft
01/29/2025 01/29/25 For Sale $4,150,000 -- $398 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Taksa

    Seller's Agent in 2025

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    8 in this area

    77 Total Sales

    Jonathan Taksa
    Section Image
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Map

Source: The MLS

MLS Number: 25491091

The MLS
California Los Angeles County Santa Monica 90403 Wilshire Montana

1143 Lincoln Blvd, Santa Monica, CA

This home is located at 1143 Lincoln Blvd, Santa Monica, CA 90403 and is currently priced at $3,700,000, approximately $354 per square foot. This property was built in 1976. 1143 Lincoln Blvd is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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