We are pleased to offer the opportunity to acquire 1323 11th Street, a 10 unit partially renovated apartment community located in Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located only 0.7 miles from the 3rd Street Promenade and provides easy access to everyday amenities. Consisting of one building on a 7,485 square foot parcel, the property is comprised of seven one-bedroom units, and three two-bedroom units. Current Ownership has extensively renovated 80 percent of the units and feature new flooring throughout, newly remodeled kitchen with modern quartz countertops, new stainless-steel appliances, stainless-steel dishwasher, stainless-steel stove/oven, large farmhouse style stainless-steel sink, large open dining area and living room area. Renovated Units also include new remodeled bathrooms, modern vanity, spacious closets, and cabinet space throughout unit. 1323 11th Street provides investors a rare buying opportunity that provides an immediate healthy income stream, with remaining rental upside in a prime coastal market.
Property Details
Property Features
Property Information:
Year Built: 1958
Stories: 2
Living Area: 7,098 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 13
Exterior Features
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.17 Acres
School Info
Assigned Schools Information:
Santa Monica High School, Public District Grades 9-12
Lincoln Middle School, Public District Grades 6-8
Roosevelt Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: West of Santa Monica Boulevard & North of Lincoln Boulevard
Price Information
Listing Price Info
Price Summary:
List Price: $4,800,000
Price Per SqFt: $676/SqFt
Tax Information:
Annual Amount: $45,596
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $3.0M more than the Median Sold Price and $434/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24363513
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 3:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 16, 2019
Aug 16, 2019Home Sold
$3,730,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$45,596
$3,769,642
2020
$12,311
$3,730,000
2019
$11,547
$895,803
2018
$11,445
$878,239
2017
$11,445
$861,020
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.75 miles
Public District Grades KG-5
Middle School
9
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school0.43 miles
Public District Grades 6-8
High School
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.83 miles
Public District Grades 9-12
Assigned Schools
8
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.75 miles
Public District Grades KG-5
Nearby Schools
7
/10
McKinley Elementary School
2401 Santa Monica Blvd
Distance between this listing and this school0.97 miles
Public District Grades KG-5
9
/10
Franklin Elementary School
2400 Montana Ave
Distance between this listing and this school1.18 miles
Public District Grades KG-5
Assigned Schools
9
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school0.43 miles
Public District Grades 6-8
Nearby Schools
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school1.30 miles
Public District Grades 6-8
8
/10
Paul Revere Middle School
1450 Allenford Ave
Distance between this listing and this school2.26 miles
Public Charter Grades 6-8
Assigned Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.83 miles
Public District Grades 9-12
Nearby Schools
8
/10
New West Charter
1905 Armacost Ave
Distance between this listing and this school2.13 miles
Public Charter Grades 6-10
5
/10
University Senior High School
11800 Texas Ave
Distance between this listing and this school2.32 miles
The neighbors living near this home have an average income of $83,886. The most common annual income of people living in Santa Monica, CA is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1323 11th St
What is the listing price of this property?
The listing price of 1323 11th St property is $4,800,000.
What type of property is this?
The property 1323 11th St is a house located in Santa Monica, California, 90401.
Is this property for sale now?
Active Listing: 1323 11th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1323 11th St are: Roosevelt Elementary School: GreatSchools Rating 8/10Lincoln Middle School: GreatSchools Rating 9/10Santa Monica High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $45,596 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 16, 2019 for $3,730,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1323 11th St has 13 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 1323 11th St is 7,098 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1323 11th St is 1958.
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This home is located at 1323 11th St in Santa Monica, CA and zip code 90401 in the Mid-City neighborhood. This 7,098 square foot home, which was built in 1958, sits on a 0.17 acre lot. Features: 13 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since March 04, 2024 and is currently priced at $4,800,000.
In March 2024, from all listings sold in Santa Monica, CA there were more than 13 sold above asking price, over 19 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Santa Monica, CA increased by 22.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 45 days, the median list price was $1,790,666.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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