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5 Spacious Units in Incredible Santa Monica
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For Sale
  • Summary
  • Location
  • Walk Score

Who said pride of ownership is out of style? Located among the “Rare Air” of Northwest Santa Monica, Realty Investment Advisors is proud to present: 1111 California Ave, an incredible 5-unit investment opportunity!

The property is comprised of two (2) spacious 2 bedroom, 2 bathroom units, and three (3) 1 bedroom, 1 bathroom units. The building also features a common laundry room, 4 single car garages, and 3 additional off-street parking spaces (7 parking in total). The best part; there is no soft-story seismic retrofit required for this property per Santa Monica City! A rare find for a savvy investor to add this low-maintenance investment to their real estate portfolio. The property will be delivered with 3 out of 5 units vacant for a perfect Owner/User opportunity to live in one of the units while allowing the tenants to help pay the mortgage! With a low GRM of 16.24 & strong starting cap of 4.11%, this gem will not last long!

La Vida aka “The Life” sits just a short walk from the panoramic ocean views of Palisades Park in Santa Monica and boasts some of the most desired local amenities, all within walking distance, from this prime location! From international local cuisine & high-end shopping, available at 3rd Street Promenade & Santa Monica Place, to living the easy, breezy high life strolling down Montana Ave for an artisanal gelato, this is an opportunity not to be missed! Not to mention, some of the best public and private schools in all of Los Angeles County! Santa Monica affords you the rare ability to live and own in a preeminent, upscale beachside town while being steps away from the some of the most popular coastal destinations in Southern California!

Walk Score

88

Bike Score

94

Transit Score

73

Neighbor Score

85

Noise Score

80

Shopping Score

91

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