Seller's Agent in 2021
Julie Boyd
Home Buyers Realty
(714) 342-1978
1 in this area
14 Total Sales
1850 11th St Santa Monica, CA 90404
Pico Neighborhood
14
Beds
8
Baths
6,387
Sq Ft
7,510
Sq Ft Lot
Highlights
- Golf Course Community
- All Bedrooms Downstairs
- Open Floorplan
- Will Rogers Elementary Rated A
- View of Trees or Woods
- Midcentury Modern Architecture
About This Home
As of December 20211850 11th Street is a stunning, newly redeveloped 6-unit garden-style, boutique apartment building, where residents Live, Work and Play in this Iconic, Santa Monica retreat.
The striking, soft-contemporary apartments incorporate tranquil seaside elements & organic materials with airy sunlit open spaces, each opening to private garden spaces blocks to the sand.
At the epicenter of Silicon Beach, the Beach Community of Santa Monica is home to world-class technology, media, and entertainment companies such as Google, Facebook, Hulu, Electronic Arts, among many others, providing a steady source of high-income professional renters.
There is an exceptional 10-year fixed loan with a 10-year float that provides the in-place leverage to bump the investment returns on these custom Santa Monica Apartment Residences.
The opportunity features strong & stable in-place income plus meaningful rental upside in one of LA's best rental markets.
100% Occupied, with a waiting list of 14 prospective Tenants.
Ocean Breezes, gorgeous Tree-Lined Residential Street, a Secluded Entry Courtyard, all, with the tranquil Gardens that your Tenant’s crave.
Stunningly Re-Designed & Upgraded Beach-Apartment meets Prime Santa Monica. The units feature High-End finishes, Custom, Architectural Kitchens with Euro Cabinetry, Gleaming New Quartz Waterfall-Edge Counters, wide Plank Floors, a full suite of Stainless Appliances, Sunlit Dining Areas, & Spa-Like Baths.
Tenants enjoy their Own, In-Unit, Washers and Dryers, Ample Closet Spaces, Fully Enclosed, Patio's or Sundecks, all within fully Gated and Enclosed Gardens with Barbecue and Entertaining areas. Ample parking for 11 cars.
Your Tenants will enjoy California Living at its Finest. Living Seconds to open air restaurants, shops, & breath-taking Santa Monica Beaches.
We expect this rare, Newly Redeveloped Apartment to be received exceptionally well. This one will not last long! Call today to schedule your viewing.
Last Agent to Sell the Property
Home Buyers Realty License #01051535 Listed on: 07/06/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,510 Sq Ft Lot
- Property fronts an alley
- No Units Located Below
- 1 Common Wall
- Block Wall Fence
- Redwood Fence
- Front and Side Yard Sprinklers
- Wooded Lot
- Private Yard
- Garden
Parking
- 8 Open Parking Spaces
- 1 Car Garage
- Parking Available
- Assigned Parking
Property Views
- Woods
- Park or Greenbelt
- Neighborhood
- Courtyard
Home Design
- Midcentury Modern Architecture
- Contemporary Architecture
- Apartment
- Entry on the 1st floor
- Turnkey
- Flat Roof Shape
- Raised Foundation
- Fire Rated Drywall
- Stucco
Interior Spaces
- 6,387 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Ceiling Fan
- Recessed Lighting
- Custom Window Coverings
- Blinds
- Window Screens
- Sliding Doors
- Great Room
- Living Room with Attached Deck
- Storage
- Laminate Flooring
- Security Lights
Kitchen
- Gas Oven
- Gas and Electric Range
- Range Hood
- Dishwasher
- Stone Countertops
Bedrooms and Bathrooms
- 14 Bedrooms
- All Bedrooms Down
- 8 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Location
- Property is near park
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Wall Furnace
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 391
- Tax Tract Number 8004
- Assessor Parcel Number 4283024010
Community Details
Overview
- No Home Owners Association
- 6 Units
- Custom
- Foothills
- Property is near a preserve or public land
Recreation
- Golf Course Community
- Park
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- 6 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $211
- Fuel Expense $591
- Insurance Expense $3,089
- Maintenance Expense $2,281
- Professional Management Expense $4,095
- Trash Expense $1,220
- Water Sewer Expense $452
- Operating Expense $75,142
- Net Operating Income $178,718
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/17/2021 12/17/21 | Sold | $4,408,000 | -4.1% | $690 / Sq Ft | |
| 07/19/2021 07/19/21 | Price Changed | $4,598,000 | 0.0% | $720 / Sq Ft | |
| 07/06/2021 07/06/21 | For Sale | $4,598,888 | 0.0% | $720 / Sq Ft | |
| 06/25/2021 06/25/21 | Rented | $3,195 | 0.0% | -- | |
| 06/23/2021 06/23/21 | For Rent | $3,195 | 0.0% | -- | |
| 12/07/2016 12/07/16 | Sold | $4,195,000 | 0.0% | $657 / Sq Ft | View Prior Sale |
| 06/06/2016 06/06/16 | Price Changed | $4,195,000 | +5.0% | $657 / Sq Ft | |
| 05/18/2016 05/18/16 | For Sale | $3,995,000 | +107.3% | $625 / Sq Ft | |
| 11/23/2015 11/23/15 | Sold | $1,927,000 | +7.1% | $302 / Sq Ft | View Prior Sale |
| 11/05/2015 11/05/15 | Pending | -- | -- | -- | |
| 10/15/2015 10/15/15 | For Sale | $1,800,000 | -- | $282 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $58,369 | $4,677,804 | $2,873,751 | $1,804,053 |
| 2024 | $54,787 | $4,586,083 | $2,817,403 | $1,768,680 |
| 2023 | $53,924 | $4,496,160 | $2,762,160 | $1,734,000 |
| 2022 | $53,283 | $4,408,000 | $2,708,000 | $1,700,000 |
| 2021 | $54,056 | $4,497,886 | $3,752,707 | $745,179 |
| 2019 | $53,174 | $4,364,478 | $3,641,400 | $723,078 |
| 2018 | $49,959 | $4,278,900 | $3,570,000 | $708,900 |
| 2016 | $23,277 | $1,927,000 | $1,600,000 | $327,000 |
| 2015 | $6,218 | $426,206 | $104,764 | $321,442 |
| 2014 | $6,189 | $417,858 | $102,712 | $315,146 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Boyd
-
N
Buyer's Agent in 2021
NONE SPECIFIED
NO OFFICE SPECIFIED
-
Tamra Pardee
Seller's Agent in 2016
Tamra Pardee
Pardee Properties
(310) 907-6517
13 in this area
834 Total Sales
-
Stormie Leoni
Seller Co-Listing Agent in 2016
Stormie Leoni
Compass
(310) 227-5996
59 Total Sales
-
K
Buyer's Agent in 2016
KENT SPURR
-
Katie Pardee
Buyer Co-Listing Agent in 2015
Katie Pardee
Pardee Properties
(978) 290-2412
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21137859
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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