953 11th St Unit 1, Santa Monica, CA 90403

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Property Description

The Voss Apartments at 947-953 11th Street in the City of Santa Monica. Situated between Montana Avenue and Wilshire Boulevard, the Offering is comprised of two properties on individual parcels. 947 11th Street consists of 8 apartment units and 953 11th Street has 7 units, 15 units with 20 parking spaces provided. The unit types range from singles to one, and two-bedroom units. Private patios, garages, and balconies are featured in select units. Notably, new ownership can take advantage of the property tax benefits through the Mills Act, a California state law that incentivizes historic preservation. The Offering is ideal for a savvy investor seeking to own a trophy asset while also having access to the immediate upside in current collections as the property will be delivered with 2 vacancies at the close of escrow.

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Calculator source: Real Geeks

Courtesy of , Alexander Halimi - CA DRE#

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