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    Santa Monica Multifamily Income Property Title is generated by Realmo AI

    852 11th St, Santa Monica, CA 90403

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    For Sale
    $3,995,000

    MULTI_FAMILY - Santa Monica, CA

    Property size:
    3,550 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $1,125/SF
    Added:
    Apr 7, 2026
    Days on Market:
    53
    Last Refresh:
    May 29 at 1:06 pm

    Property Features for 852 11th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    6
    Rooms
    Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 5, Dining Room, Bedroom 3, Bedroom 4, Bathroom 2, Den, Bathroom 4, Bathroom 1, Bathroom 6, Family Room, Laundry Room, Bedroom 6, Bedroom 1, Bedroom 7
    Parking
    4
    Parking features
    Garage
    Security features
    Security Lighting
    Fireplace
    1
    Standard status
    Active
    APN
    UNAVAILABLE
    Size
    3,550 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Wall/Window Unit(s)

    Building Details

    Floors in Building
    1
    Number of units
    5
    Flooring type
    Hardwood
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Ali Safavi

    Listing agent Ali Safavi License #02112648

    Listing office Real Estate eBroker Inc. 950 Boardwalk Suite 203, Oceanside, CA

    Listing date Apr 7, 2026

    MLS# 26678609 Listing URL

    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.

    HighLights

    • Prime Santa Monica location, steps from Montana Avenue.
    • Significant income potential: $11,000+/month from four units.
    • Vacant 3‑bedroom, 2‑bath front house for owner‑occupancy or increased rental income.
    • Rare opportunity combining owner‑user potential with investment income.
    • Private setting with mature landscaping.
    • Walking distance to Montana Avenue's dining, shopping, and amenities.

    Overview

    This multifamily property is located on a coveted street in Santa Monica, steps from Montana Avenue. The property includes a 3-bedroom, 2-bath front house, delivered vacant, and four income-producing units in the rear, consisting of two studios and two one-bedroom apartments. The rear units currently generate over $11,000 per month in rental income. The vacant front house offers significant rental potential, creating a path to higher income. The property is suitable for an owner-user looking to live in a prime location while offsetting their mortgage, or an investor seeking strong in-place income with immediate upside. The property is surrounded by mature landscaping and tucked behind a private setting, delivering tranquility and walkable access to Montana Avenue's dining, shopping, and lifestyle amenities. The property size is 3550 square feet and the lot size is 0.1722 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.497002
    Latitude
    34.028561

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    FAQs

    What type of property is this?
    Apartment building - Rare Santa Monica multifamily property with income and vacancy upside.
    Where is this apartment building located?
    The property is located at 852 11th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: Prime Santa Monica location, steps from Montana Avenue.; Significant income potential: $11,000+/month from four units.; **Vacant 3‑bedroom, 2‑bath front house for owner‑occupancy or increased rental income.**
    (310) 694-2813
    We can help!
    Listing Contact
    Ali Safavi
    Real Estate License ID: 02112648
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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