917 Lincoln Boulevard, Santa Monica, CA 90403

917 Lincoln Boulevard, Santa Monica, CA 90403

Santa Monica, CA
$3,995,000

Property Description

917 Lincoln Blvd is a 6 unit building located north of Wilshire Boulevard in one of the premier residential neighborhoods in the Country. The two buildings consist of 5,416 SF of living space situated on a large 7,500 SF lot. The property offers a great unit mix consisting of (4) 3 Bed/ 2 5 Bath, (1) 2 Bed/ 2 Bath, and (1) 1 Bed/ 1 Bath, and all four 3-bedroom units can be delivered vacant. The property also features an on-site laundry facility and (5) 1 car garages.

Located exactly 7 blocks from the 3rd Street Promenade, this is an incredible opportunity for any investor seeking growth, stability, and a hedge against inflation.

-6 Unit Apartment Building Located North of Wilshire Boulevard in Santa Monica
-4 3 Bed/ 2 5 Bath, 1 2 Bed/ 2 Bath, 1 1 Bed/ 1 Bath | All Four 3 Bedroom Units will be Delivered Vacant
-5 1 Car Garages Potential to Convert 2 Garages into a 1 Bedroom ADU (Buyer to Verify)
-Prime Location Less Than One Mile From The Beach, Blocks From The Third Street Promenade, and Steps From Local Shops And Restaurants
-Common Area Laundry On Site

Property Features

  • Sale Price: $3,995,000
  • Area Size: 7,500 SF
  • Year Built: 1924
  • Listing Date: October 3, 2021
  • Units: 6
  • Current GRM: 11.65
  • Current Cap Rate: 6.23%
  • Price Per Unit: $665,833
  • Market GRM: 11.45
  • Market Cap Rate: 6.37%
  • Current NOI: $248.829

Lyon Stahl Investment Real Estate

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