842 11th St
SANTA MONICA, CA 90403

Property

Ownership: For Sale
Bedrooms: 18 BR
Bathrooms: 24
Area: 7501 sq ft
Lot Size: 0.2 Acres

Financials

Price:$13,995,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Real Estate eBroker Inc.

842 11th St 18BR Santa Monica La

Description

Offered for sale for the very first time, this distinguished trophy property presents an extraordinary investment opportunity less than one block from Santa Monica's prestigious Montana Avenue, renowned for its upscale boutiques, restaurants, and cafes. Generating over $750,000 in annual gross rental income, this luxury property features a highly coveted and seldom-available unit mix: One spectacular 5-bedroom, 6-bathroom luxury residence spanning approximately 4,000 square feet; Two spacious 3-bedroom, 3.5-bathroom residences; and Five generously proportioned 2-bedroom, 2-bathroom residences. Every residence has been extensively remodeled with high-end finishes, offering sophisticated interiors and spacious, thoughtfully designed floor plans. Additional highlights include gated subterranean parking, owner-owned laundry facilities, low maintenance requirements, and no seismic retrofit required. A COMPELLING INVESTMENT OPPORTUNITY: With substantial in-place income, minimal anticipated capital expenditures, and a rare collection of oversized luxury residences, this turnkey property offers immediate cash flow without the renovation costs and lease-up risks associated with traditional value-add investments. Its irreplaceable location, premium finishes, and distinctive unit mix position it for enduring rental demand and long-term appreciation potential. A true legacy asset combining luxury, location, strong income, and long-term investment value in one of Southern California's most prestigious coastal communities.

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.