Wohneinkommen In Santa Monica

The Appel Group with Equity Union commercial is proud to present the exclusive listing of 947-953 11th St, the Voss Apartments. A generationally rare multifamily asset in the heart of Santa Monica’s coveted Wilshire/Montana neighborhood. Built in 1937 and preserved as Streamline Moderne architecture, this 15-unit trophy property represents the kind of asset that trades once and can disappear from the market for decades. Set across four buildings and two parcels on a 15,016-square-foot lot, the Voss Apartments combines architectural distinction, meaningful scale, exceptional parking, and an irreplaceable coastal location in a market where new supply is inherently constrained. The property features 11,850 square feet of bright living space comprising a two-bedroom, two-bathroom, townhouse with its own private yard, four two-bedroom, one-bathroom residences, six one-bedroom,one-bathroom units, and four studios. Select residences feature private patios or balconies, while the grounds offer manicured landscaping and a sunny central courtyard with butterflies in the spring and summer. Nine garage parking spaces, an on-site laundry room, and one garage space currently beingused as a generous size storage area, set around nicely manicured grounds and a sunny courtyard. Architecturally, the Voss Apartments captures the defining language of the Streamline Moderne era, with horizontal massing, smooth stucco facades, rounded forms, and streamlined detailing. Its 1937 vintage is more than a design attribute; it is a source of scarcity and potential ownership advantage. Qualified new ownership may be eligible for meaningful property tax benefits under California’s Mills Act in exchange for preserving the property’s historic character. The location is equally compelling. Ideally situated two blocks from both Montana Avenue and Wilshire Boulevard, the property offers immediate access to two of Santa Monica’s most desirable dining and retail corridors. Montana Avenue is home to Locanda Portofino, Father’s Office, Whole Foods Market, and an array of boutique shops, while Wilshire Boulevard features neighborhood favorites includingEl Cholo, Santa Monica Seafood Market & Cafe, Petit Grain Boulangerie, and Diner Antonette. Santa Monica’s geography further protects the long-term scarcity of an asset like 947-953 11th St. Bordered by the Pacific Ocean to the west and the Santa Monica Mountains to the north and east, the city has limited capacityfor meaningful new residential supply in its most desirable neighborhoods. Against that backdrop, an intact 1937 multi-family property of this scale, character, parking, and location becomes increasingly difficult to replicate. For an investor seeking a feather in their cap in one of Southern California’s most coveted coastal markets, 947-953 11th St stands in a category of its own a distinctive piece of Santa Monica architectural history, an established income-producing asset with meaningful rental upside, and the type of irreplaceable property that can remain in an ownership portfolio for generations.