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Troy Lowe Jr.

troy@tlowerealestate.com +1(760) 522-2765

$ 13,995,000

Est. payment | -/mo

18 Beds

24 Baths

14,334 SqFt

Save

$ 13,995,000

Est. payment | -/mo

Save

18 Beds

24 Baths

14,334 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,334 sqft

Price per Sqft $976

MLS Listing ID 26101638

Bedrooms 18

HOA Y/N No

Year Built 1990

Lot Size 7,501 Sqft

Property Description

Offered for sale for the very first time, this distinguished trophy property presents an extraordinary investment opportunity less than one block from Santa Monica's prestigious Montana Avenue, renowned for its upscale boutiques, restaurants, and cafes. Generating over $750,000 in annual gross rental income, this luxury property features a highly coveted and seldom-available unit mix: One spectacular 5-bedroom, 6-bathroom luxury residence spanning approximately 4,000 square feet; Two spacious 3-bedroom, 3.5-bathroom residences; and Five generously proportioned 2-bedroom, 2-bathroom residences. Every residence has been extensively remodeled with high-end finishes, offering sophisticated interiors and spacious, thoughtfully designed floor plans. Additional highlights include gated subterranean parking, owner-owned laundry facilities, low maintenance requirements, and no seismic retrofit required. A COMPELLING INVESTMENT OPPORTUNITY: With substantial in-place income, minimal anticipated capital expenditures, and a rare collection of oversized luxury residences, this turnkey property offers immediate cash flow without the renovation costs and lease-up risks associated with traditional value-add investments. Its irreplaceable location, premium finishes, and distinctive unit mix position it for enduring rental demand and long-term appreciation potential. A true legacy asset combining luxury, location, strong income, and long-term investment value in one of Southern California's most prestigious coastal communities.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Laundry Common Area, Stacked

Exterior

Parking Features Gated, Private

Total Parking Spaces 18

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4281024010

Security Features Carbon Monoxide Detector(s),Fire Detection System,Key Card Entry,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Ali Safavi Real Estate eBroker Inc. #02112648

Schools and Properties Nearby

Contact Us

Phone

+1(760) 522-2765

troy@tlowerealestate.com

Address

San Diego, CA 92108, USA

842 11th ST Santa Monica, CA 90403