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

1101 Lincoln Boulevard 2d, Santa Monica, California 90403 home-pic-0
ACTIVE$774,282
1101 Lincoln Boulevard 2d, Santa Monica, California 90403
2Beds
2Baths
1,012Sqft
7,496Lot
Year Built
1964
Close
-
List price
$774K
Original List price
$774K
Price/Sqft
$765
HOA
$619.06
Days on market
-
Sold On
-
MLS number
25572665
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 - $774.3K(15th), sqft - 1012(25th), 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
$774,282
05/29/25
Sold
$750,000
Condition Rating
Fair

The property was built in 1964, making it 60 years old. While the description states 'well-appointed' units and the exterior/common areas appear maintained, there are no interior images provided for any of the units. This strong absence of interior photos suggests that the kitchens, bathrooms, and other interior finishes are likely original or have undergone only dated renovations, showing signs of being outdated. To be considered 'Good' or 'Excellent,' significant recent renovations would be expected and showcased. The property is functional and livable, preventing a 'Poor' or 'Tear-down' score, but it would undoubtedly require minor to moderate updates to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Premier Coastal Location: Situated in Santa Monica's highly coveted North of Wilshire neighborhood, just steps from Montana Avenue and nine blocks from the beach, boasting an exceptional Walk Score of 91.
Strategic Investment Opportunity: A rare bulk sale of nine condominium units in a supply-constrained coastal market, offering significant income stability and long-term value as a trophy asset.
Diverse Unit Mix & Amenities: The portfolio includes eight 2-bed/2-bath and one 3-bed/3-bath units, each featuring on-site parking, separate utilities, and in-unit dishwashers, enhancing tenant appeal.
Excellent Regional Accessibility: Provides convenient access to major freeways, Downtown Los Angeles, Silicon Beach, and LAX, appealing to a broad tenant base and facilitating commutes.
Potential for Desirable Views: The property offers potential for city lights, mountain, and ocean views from various units, adding significant aesthetic and market value.

Cons

Restrictive Bulk Purchase: The mandatory acquisition of all nine units together limits the buyer pool exclusively to large-scale investors or developers, potentially affecting market velocity.
Building Age & Maintenance: Constructed in 1964, the building's age may necessitate future capital expenditures for system updates, renovations, or deferred maintenance to maintain its competitive edge.
Non-Controlling Interest: Owning 9 out of 11 units means the buyer will not have full control over the entire condominium association, which could impact future building-wide decisions or management.

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