$13,995,000
 $75,128 est/mo Sourced by Back At You

842 11th Street,Santa Monica, CA 90403

Santa Monica, CA 90403

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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.

Details

MLS #26101638
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1990
Days On Site12
Listing Provided ByReal Estate eBroker Inc. | Ali Safavi

Features

Bed(s)18
Bath(s)24
SQ Feet14,334
Units9
Building(s)1
ZoningSMR2*
Acreage0.17

Interior

CoolingCentral Air
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Security FeaturesCarbon Monoxide Detectors, Fire Detection System, Key Card Entry, Smoke Detectors

Parking

Parking FeaturesGated, Private

Area Information

StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90403
AreaC14 Santa Monica
Listing VS Median (in 90403)
Price:
$13,995,000
low | high
Med:
$1,310,000
100% of Average
sqft:
14,334
low | high
Med:
1,646
100% of Average
$ / sqft:
$976
low | high
Med:
$799
68.212016476375% of Average
On site:
12
low | high
Med:
21.5
55.813953488372% of Average
Sourced by Back At You

Market Activity 90403

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90403
AreaC14 Santa Monica
Listing VS Median (in 90403)
Price:
$13,995,000
low | high
Med:
$1,310,000
100% of Average
sqft:
14,334
low | high
Med:
1,646
100% of Average
$ / sqft:
$976
low | high
Med:
$799
68.212016476375% of Average
On site:
12
low | high
Med:
21.5
55.813953488372% of Average
Sourced by Back At You
Listing Updated: October 12, 2026 at 4:00:04 PM PDT