Mansions in the Skies - Luxury Condo Real Estate Collection
MLS:26101749

1101 Lincoln, Unit 1, Santa Monica, CA 90403

Priced at: $895,000
Bedrooms:
2
Bathrooms (Full):
2
Bathrooms (Half):
0
Living Area SqFt:
1,014 Sq Ft
Lot SqFt:
7,496 Sq Ft
Year Built:
1964
FOR THE FIRST TIME, CONVENTIONAL FINANCING IS NOW AVAILABLE THROUGH A LENDER-APPROVED FINANCING PATHWAY FOR THIS HISTORICALLY NON-WARRANTABLE CONDOMINIUM BUILDING! This is a significant breakthrough, opening new financing opportunities for qualified buyers! See agent remarks for the lender who has already reviewed and approved this financing pathway. ADDITIONAL FINANCING OPPORTUNITIES! The lender also offers loan programs with as little as 0% down for eligible buyers, as well as FHA 203(k) renovation loan options that may allow qualifying renovation costs to be incorporated into the mortgage. All financing options are subject to buyer qualifications, property eligibility, program guidelines, and lender approval.Discover an exceptional opportunity in the heart of Santa Monica! This spacious 2-bedroom, 2-bathroom condominium offers an ideal combination of location, comfort, and investment potential. Situated on the first floor, the property features a generous floor plan, comfortable living spaces, and an excellent opportunity to personalize through cosmetic updates.Whether you're a first-time homebuyer, searching for a primary residence, or an investor looking to diversify your portfolio, this property offers outstanding versatility. Ideally located near Santa Monica's renowned shopping, dining, entertainment, and beaches, with convenient access to everything the Westside has to offer.For investors, the property has a strong rental history, previously generating approximately $5,000$5,500 per month, with potential for increased rental income through strategic cosmetic improvements. Buyers are encouraged to independently verify rental history and future income potential.ADDITIONAL INVESTMENT OPPORTUNITY! This condominium is also being offered as part of a two-property investment package with 1147 24th St., Santa Monica, a four-unit multifamily property located just minutes away. Both properties are offered together at a combined asking price of $3,090,000, providing an opportunity to acquire five residential units across two properties with established rental income and potential for future growth.The properties are located on separate parcels and may also be purchased individually. Contact the listing agent directly for additional information regarding the combined investment opportunity, current rent rolls, rental income history, projected income potential, and available financing options. An exceptional opportunity to establish or expand your Santa Monica real estate portfolio!

Fees

Maintenance Includes:
Trash, Water and Sewer Paid, Earthquake Insurance, Sewer

Features

Equipment/ Appliances:
  • Garbage Disposal
  • Freezer
  • Refrigerator
  • Dishwasher
  • Range/Oven
  • Microwave
  • Intercom
  • Ceiling Fan
Amenities:
  • Controlled Access
  • Elevator
  • Gated Community
  • Security
Security Info:
  • Gated
  • Card/Code Access
Parking:
  • Subterranean
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MLS: 26101749
1101 Lincoln, Unit 1, Santa Monica, CA 90403
Price: $895,000
Listing courtesy of Rodeo Realty

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Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification.

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

William PD Pierce Luxury Realestate