About This Home

This 18-bedroom, 24-bathroom residential multi family at 842 11th St in Santa Monica, CA is listed for $13,995,000 ($976 per sqft). Built in 1990, the home offers 14,334 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1990
  • 0.17 acre lot
  • 18 parking spaces

Property Details

22 full
18 spaces
1990

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$74,848/mo

20% down · 6.5% · 30 years

Principal$10,121
Interest$60,645
Insurance$4,082

Estimates only. Actual payments may vary.

Location

842 11th St

Santa Monica, CA 90403

Property Details

Parking

Gated

Heating

Central

Cooling

Central AirCeiling Fan(s)

Questions & Answers

This 18-bedroom, 24-bathroom residential multi family at 842 11th St is listed at $13,995,000 ($976/sqft). The estimated monthly payment is $74,848 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1990, 0.17 acre lot, 18 parking spaces.

This property is listed by Ali Safavi.

AS

Ali Safavi

License 02112648

Agent at Real Estate eBroker Inc.

Listed by Real Estate eBroker Inc. · Broker phone: (760) 722-3222 · View on Broker Site · Broker website

MLS# 26101638· Source: The MLS/CLAW· 18 days on PropertySimple

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

842 11th St, Santa Monica, CA 90403

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