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    917 Lincoln Boulevard

    Santa Monica, CA 90403
    • $3,995,000
    • STATUS: Active
    • ON SITE: 9 Days
    • ID#: SB21217686
    UPDATED: 19 min ago
    $3,995,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    917 Lincoln Blvd is a value add 6-unit building located north of Wilshire Boulevard in one of the premier residential neighborhoods in the Country. The two buildings consist of 5,416 SF of living space situated on a large 7,500 SF lot. The property offers a great unit mix consisting of (4) 3-Bed/2.5-Bath, (1) 2-Bed/2-Bath, and (1) 1-Bed/1-Bath. The property also features an on-site laundry facility and (5) 1-car garages with the potential to convert two of the garages into a 1-bedroom ADU (buyer to verify). Four of the six units have been partially gutted, and the property will be sold in as-is condition.Located exactly 7 blocks from the 3rd Street Promenade, this is an incredible opportunity for any investor seeking growth, stability, and a hedge against inflation.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122336468
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    917 Lincoln Boulevard Santa Monica, CA 90403

    • Price: $3,995,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: SB21217686
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1924
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    917 Lincoln Blvd is a value add 6-unit building located north of Wilshire Boulevard in one of the premier residential neighborhoods in the Country. The two buildings consist of 5,416 SF of living space situated on a large 7,500 SF lot. The property offers a great unit mix consisting of (4) 3-Bed/2.5-Bath, (1) 2-Bed/2-Bath, and (1) 1-Bed/1-Bath. The property also features an on-site laundry facility and (5) 1-car garages with the potential to convert two of the garages into a 1-bedroom ADU (buyer to verify). Four of the six units have been partially gutted, and the property will be sold in as-is condition.Located exactly 7 blocks from the 3rd Street Promenade, this is an incredible opportunity for any investor seeking growth, stability, and a hedge against inflation.
    Exterior Features

    Number Of Separate Electric Meters 6 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Common Interest None Community Features Sidewalks Garage YN Yes Gross Income 342972 Gross Scheduled Income 342972 Insurance Expense 2166 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 10289 Net Operating Income 248829 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 83854 Other Expense 4800 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 28581 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Smr2*

    Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc. and J.Woody Stahl of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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