1101 Lincoln Boulevard 1b, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath

1101 Lincoln Boulevard 1b, Santa Monica, California 90403 home-pic-0
ACTIVE$758,980
1101 Lincoln Boulevard 1b, Santa Monica, California 90403
2Beds
2Baths
992Sqft
7,496Lot
Year Built
1964
Close
-
List price
$759K
Original List price
$759K
Price/Sqft
$765
HOA
$604.83
Days on market
-
Sold On
-
MLS number
25572483
Home ConditionFair
Features
Good View: City Lights, Mountain(s), Ocean
ViewCity Lights,Mountain(s),Ocean

About this home

We found 3 Cons,5 Pros. Rank: price - $759.0K(13th), sqft - 992(24th), beds - 2(50th), baths - 2(45th).

This unit is part of a 9 unit Bulk Condo Sale comprised of units 1B, 1C, 2A, 2B, 2C, 2D, 3B, 3C and 3D (All Units Must be Purchased Together). This is a unique opportunity to acquire nine (9) out of eleven (11) condominium units (all with separate Assessor Parcel Numbers) at 1101 Lincoln Boulevard, ideally situated in the coveted North of Wilshire neighborhood of Santa Monica. Just nine blocks from the beach and steps from the vibrant Montana Avenue corridor, this rare coastal investment offers an exceptional combination of prime location, income stability, and long-term value.Originally built in 1964, the three-story building consists of eleven (11) total units on a 7,494 square-foot parcel zoned SMR2. This nine (9) unit offering includes eight (8) well-appointed 2-bed/2-bath units and one (1) expansive 3-bed/3-bath residence, totaling approximately 9,454 square feet of living area. Each unit features on-site parking, separate gas and electric meters, individual water heaters, a building-wide security system, and in-unit dishwashers. Common area expenses including water, trash, and shared electricity are covered through the Homeowners Association (HOA). With a Walk Score of 91, residents enjoy unmatched walkability to some of Santa Monica's most iconic destinations, including Palisades Park, Santa Monica Pier, Third Street Promenade, and Santa Monica State Beach. The property also offers excellent accessibility to major freeways and transit corridors, with convenient access to Downtown Los Angeles, Silicon Beach, and LAX.This is a unique opportunity to acquire a trophy investment in one of Southern California's most sought-after and supply-constrained coastal submarkets.

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.4mi
9/10
Franklin Elementary School
Public,PK-51.3mi
8/10
Lincoln Middle School
Public,6-80.5mi
8/10
Santa Monica High School
Public,9-121.0mi

Price History

Date
Event
Price
08/05/25
$758,980
05/29/25
Sold
$750,000
Condition Rating
Fair

The property was built in 1964, making it 60 years old. While the exterior and common areas appear well-maintained and clean, there are no interior images of the specific unit (1B), particularly the kitchen and bathrooms. The description mentions 'well-appointed' units and 'in-unit dishwashers,' which suggests functionality but provides no indication of the age or style of the appliances, cabinetry, fixtures, or finishes. Given the building's age and the lack of evidence of recent, extensive renovations to the units themselves, it's highly probable that the interiors, especially kitchens and bathrooms, are dated and would require minor updates to meet current aesthetic and functional standards. This aligns with the 'Fair' condition criteria, indicating an aged but maintained property where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Exceptional Investment Opportunity: This is a rare bulk sale opportunity to acquire nine out of eleven condominium units in a highly sought-after, supply-constrained coastal submarket, offering significant income stability and long-term value.
Premier Coastal Location: Ideally situated in Santa Monica's coveted North of Wilshire neighborhood, just nine blocks from the beach and steps from the vibrant Montana Avenue corridor, ensuring high tenant demand and appreciation potential.
Outstanding Walkability & Accessibility: Boasts an impressive Walk Score of 91, providing unmatched access to iconic Santa Monica destinations like Palisades Park, Santa Monica Pier, and Third Street Promenade, along with excellent freeway and transit access.
Individual Unit Features & Amenities: Each unit includes on-site parking, separate gas and electric meters, individual water heaters, and in-unit dishwashers, enhancing tenant convenience and reducing owner utility burdens.
Managed Common Areas: The property benefits from a building-wide security system and common area expenses (water, trash, shared electricity) covered through the Homeowners Association (HOA), simplifying management for the investor.

Cons

Mandatory Bulk Purchase: The requirement to purchase all nine units together significantly limits the potential buyer pool to large-scale investors or syndicates, potentially impacting market liquidity and sale timeline.
Building Age: Built in 1964, the building's age may necessitate future capital expenditures for major system upgrades or renovations, which are not detailed in the current description.
Limited Financial & Unit Condition Details: The description lacks specific financial data such as current rental income, lease terms for each unit, or detailed interior condition reports, which are crucial for comprehensive investor due diligence.

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