1101 Lincoln Boulevard 1,Santa Monica, CA 90403
Santa Monica, CA 90403
Description
FOR THE FIRST TIME, CONVENTIONAL FINANCING IS NOW AVAILABLE THROUGH A LENDER-APPROVED FINANCING PATHWAY FOR THIS HISTORICALLY NON-WARRANTABLE CONDOMINIUM BUILDING! This is a significant breakthrough, opening new financing opportunities for qualified buyers! See agent remarks for the lender who has already reviewed and approved this financing pathway. ADDITIONAL FINANCING OPPORTUNITIES! The lender also offers loan programs with as little as 0% down for eligible buyers, as well as FHA 203(k) renovation loan options that may allow qualifying renovation costs to be incorporated into the mortgage. All financing options are subject to buyer qualifications, property eligibility, program guidelines, and lender approval.Discover an exceptional opportunity in the heart of Santa Monica! This spacious 2-bedroom, 2-bathroom condominium offers an ideal combination of location, comfort, and investment potential. Situated on the first floor, the property features a generous floor plan, comfortable living spaces, and an excellent opportunity to personalize through cosmetic updates.Whether you're a first-time homebuyer, searching for a primary residence, or an investor looking to diversify your portfolio, this property offers outstanding versatility. Ideally located near Santa Monica's renowned shopping, dining, entertainment, and beaches, with convenient access to everything the Westside has to offer.For investors, the property has a strong rental history, previously generating approximately $5,000$5,500 per month, with potential for increased rental income through strategic cosmetic improvements. Buyers are encouraged to independently verify rental history and future income potential.ADDITIONAL INVESTMENT OPPORTUNITY! This condominium is also being offered as part of a two-property investment package with 1147 24th St., Santa Monica, a four-unit multifamily property located just minutes away. Both properties are offered together at a combined asking price of $3,090,000, providing an opportunity to acquire five residential units across two properties with established rental income and potential for future growth.The properties are located on separate parcels and may also be purchased individually. Contact the listing agent directly for additional information regarding the combined investment opportunity, current rent rolls, rental income history, projected income potential, and available financing options. An exceptional opportunity to establish or expand your Santa Monica real estate portfolio!
Details
| MLS # | 26101749 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $620 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 25 |
| Listing Provided By | Rodeo Realty | Christina Fetterolf |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,014 |
| Garage | 1 |
| Story(s) | 1 |
| Units | 11 |
| Zoning | SMR2* |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central, Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Breakfast Bar, Ceiling Fans |
| Furnished | Unfurnished |
| Appliances | Dishwasher, Disposal, Microwave, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Security Features | Gated Community, Key Card Entry |
|---|
Parking
| Parking Features | Underground |
|---|---|
| Garage Yes / No | Yes |
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90403 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90403) | |
Price: $895,000 low | high Med: $1,350,000 sqft: 1,014 low | high Med: 1,077 $ / sqft: $883 low | high Med: $1,253 On site: 25 low | high Med: 118 | |
Market Activity 90403
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90403 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90403) | |
Price: $895,000 low | high Med: $1,350,000 sqft: 1,014 low | high Med: 1,077 $ / sqft: $883 low | high Med: $1,253 On site: 25 low | high Med: 118 | |
