$3,700,000
-$100,0001129 Lincoln Boulevard, Santa Monica CA 90403
Multi-Family (10 Units)
Property type
88 days
On market
$502
Price per sqft
7 cars
Garage
1956
Year built
7,494 sqft
Lot size
Open Houses
Overview
The subject property (Lincoln Park Apartments) is a Classic 1950's two story walkup apartment building with 10 units. There are 3 two bedroom units, 5 one bedroom units, and 2 Studio apartments. The property features a gated central courtyard for access to the common area and entry for all of the units. There is a laundry room on site and 7 parking garages, in addition to...
Listing provided by: Stephen Lampe DRE #01164364 310-880-1151, Re/Max Commercial & Investment
Listing updated: May 19, 2026 at 04:46pm.
Last checked: Jun 5, 2026 at 10:30am
Source: CRMLS #SB26051364
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,296 | $2,296 | $2,348 | Unfurnished |
| 1 | 1 | 1 | — | $2,450 | $2,450 | $2,506 | Unfurnished |
| 1 | 1 | 1 | — | $2,350 | $2,350 | $2,404 | Unfurnished |
| 1 | 0 | 1 | — | $1,995 | $1,995 | $2,040 | Unfurnished |
| 1 | 2 | 1 | — | $2,995 | $2,995 | $3,055 | Unfurnished |
| 1 | 1 | 1 | — | $2,450 | $2,450 | $2,506 | Unfurnished |
| 1 | 1 | 1 | — | $1,050 | $1,050 | $1,074 | Unfurnished |
| 1 | 1 | 1 | — | $2,450 | $2,450 | $2,506 | Unfurnished |
| 1 | 0 | 1 | — | $1,848 | $1,848 | $1,900 | Unfurnished |
| 1 | 2 | 2 | — | $2,684 | $2,684 | $2,744 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 10
Total Actual Rent: $22,568
Financial Snapshot
Gross Rent Multiplier
13.4x
List Price / Annual Gross Rent
Cap Rate
5.02%
NOI / List Price
Gross Scheduled Income: $275,816
Vacancy Allowance: $0
Operating Expense: $90,056
Net Operating Income: $185,760
Annual Operating Expenses
Electric: $1,350
Gardener: $1,590
Fuel: $2,095
Insurance: $7,919
Licenses: $1,990
Maintenance: $8,000
New Taxes: $43,140
Pest Control: $725
Professional Management: $9,644
Supplies: $5,377
Trash: $1,095
Water / Sewer: $7,131
Interior
Laundry: Common Area
Entry Location: Gated
Exterior
Architectural Style: Mid Century Modern
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 7
Uncovered Spaces: 3
Parking Total: 10
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4281035016
Additional Parcels: No
Tax Lot: S
Tax Block: 92
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1129 Lincoln Boulevard, Santa Monica, CA 90403. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,960,000
Total Interest
$3,775,317
Total Payment
$6,735,317
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$22,713
per month
Property History for 1129 Lincoln Boulevard
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90403.
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