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    911 Lincoln Boulevard

    911 Lincoln Boulevard,Santa Monica, CA 90403

    1958

    Year Built

    $5,600,000

    Price

    Property Details

    Price Per Unit

    $
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    Price per SF

    $

    Current Cap Rate

    Market Cap Rate

    Current GRM

    Market GRM

    911 Lincoln Boulevard

    911 Lincoln Boulevard,Santa Monica, CA 90403

    $5,600,000

    Price

    Property Details

    Price per SF

    $

    Price Per Unit

    $

    Price per SF

    $

    Current Cap Rate

    Market Cap Rate

    Year Built

    1958

    Current GRM

    Market GRM

    Description

    Stepp Commercial presents 911 Lincoln Boulevard, located north of Wilshire Boulevard in prime Santa Monica, only one block south of prestigious Montana Avenue. Tenants can enjoy close proximity to Santa Monica beaches, as well as shopping, dining and nightlife on Third Street Promenade and Main Street.

    The desirable unit mix consists of (2) two-bedroom/one-bathroom and (8) one-bedroom/one-bathroom units. Some units offer private garage parking and have been updated with stainless steel appliances, quartz countertops and custom cabinetry. All units have spacious floorplans, dishwashers and lots of natural light.

    With 22% upside potential in rents, this property offers investors a value-add opportunity for future rent growth.

    Highlights

    • Located north of Wilshire Boulevard in prime Santa Monica
    • One block south of prestigious Montana Avenue
    • ±22% upside potential in rental income
    • 3.5% cap rate with current rents; 4.9% cap rate with rents at market
    • Priced at only 17.84 x current rents; 14.2 x market rents
    • ±6.7% cash-on-cash return with rents at market and 3.8% cash-on-cash
      return with current rents

    Map

    Brokers

    Kimberly R. Stepp 310.774.3830 Email: [email protected]

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