917 Lincoln Blvd

Santa Monica, CA 90403 View Map $3,995,000 Schedule a Tour
Sq.Ft. Lot7,500
Year1924
Schedule a Tour
Customer Support

Customer Support

(310) 982-2107
 
ASAP
Mon
18
Oct
Tue
19
Oct
Wed
20
Oct
Thu
21
Oct
Fri
22
Oct
Sat
23
Oct
Sun
24
Oct
Choose Your Date -- It's Free, Cancel Anytime
Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:SB21217686
On Site:5 Days
Lot Size:7,500 Sq. Ft.
County:Los Angeles
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:917 Lincoln Blvd Santa Monica, CA 90403
Zip Code:90403

Architecture

Year Built:1924
Building Area: 5416.0
Number of Buildings: 2
Total Units: 6
Unit 1: 4 Units•3 Beds•3 Baths•Unfurnished•$5,500 actual rent•$22,000 total rent•$22,000 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•Unfurnished•$4,414 actual rent•$4,414 total rent•$4,450 pro forma
Unit 3: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,167 actual rent•$2,167 total rent•$2,600 pro forma
Garage Spaces: 5.0
Parking Total: 5.0

Features / Amenities

Common Walls: 1 Common Wall

Property Features

Lot Size: 0.17 Acres / 7,500 Sq. Ft.
Sewer: Public Sewer
Water: Public
Zoning:SMR2*
Directions:4 Parcels Southeast of intersection at Idaho Ave and Lincoln Blvd

Tax and Financial Info

Gross Income: $342,972
Gross Scheduled Income: $342,972
Net Operating Income: $248,829
Gardener Expense: $1,200
Insurance Expense: $2,166
Maintenance Expense: $10,289
Other Expense: $4,800
Operating Expense: $83,854
Terms: CashtoNewLoan
Total Actual Rent: $28,581
Land Lease: No

Listing Agent/Office

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

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...

Schedule a Tour

917 Lincoln Blvd Santa Monica, CA 90403
GO SEE THIS LISTING
917 Lincoln Blvd Santa Monica, CA 90403
 
ASAP
Mon
18
Oct
Tue
19
Oct
Wed
20
Oct
Thu
21
Oct
Fri
22
Oct
Sat
23
Oct
Sun
24
Oct
Choose Your Date -- It's Free, Cancel Anytime
Printable Flyer Get Directions
Based on information from California Regional Multiple Listing Service, Inc. as of October 17, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.