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Preet Sandhu

preet@riserealtyca.com +1(559) 907-9993

$ 749,000

Est. payment | -/mo

2 Beds

2 Baths

992 SqFt

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$ 749,000

Est. payment | -/mo

Save Virtual Tour

2 Beds

2 Baths

992 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Pending

Purchase Type For Sale

Square Footage 992 sqft

Price per Sqft $755

MLS Listing ID 26638989

Style Contemporary

Bedrooms 2

Full Baths 2

Construction Status Updated/Remodeled

HOA Fees $719/mo

HOA Y/N Yes

Year Built 1964

Lot Size 7,496 Sqft

Acres 0.1721

Property Sub-Type Condo

Property Description

RARE SANTA MONICA OPPORTUNITY -- BUY BEFORE THIS BUILDING POTENTIALLY UNLOCKS ITS FULL VALUE! Offered at $749,000, this beautiful 2-bedroom, 2-bath corner condo in coveted Wilshire/Montana combines an exceptional coastal lifestyle, a well-funded HOA and unusual potential for appreciation. The seller owns five of this 11-unit building's residences and is offering all five individually to separate buyers. As ownership concentration decreases, a major obstacle to conventional financing may be resolved, potentially opening the building to a much larger buyer pool. The listing broker estimates that restored financing eligibility could support a 15-30% increase in market value. PRIME NORTH-OF-WILSHIRE LOCATION! Enjoy the best of Santa Monica just moments from Montana Avenue's chic boutiques, coffee shops, acclaimed restaurants and neighborhood markets. Blocks to iconic Palisades Park for Pacific Ocean sunsets, spend afternoons at the beach, or explore nearby parks and Third Street Promenade. Highly regarded local schools add to the appeal. This is the quintessential Santa Monica lifestyle, with dining, shopping and coastal recreation close to home. PRIVATE CORNER RESIDENCE! Approximately 1,000 square feet, Unit 5 (also known as 2B) is a north-facing corner home on the quieter side of the complex, with limited shared walls for added privacy. The spacious living room opens through oversized sliding glass doors to a wide, covered private balcony overlooking leafy neighborhood surroundings. Light wood-look flooring and crisp white walls create a bright, inviting feel. A separate dining area provides room to entertain. The kitchen features white cabinetry, light countertops, stainless steel refrigerator, gas range and a window above the sink. Both bedrooms have generous closets; bathrooms feature white vanities and glass-enclosed bathing areas with subway tile. 2 car gated and secured parking spots. A WELL-RUN, WELL-FUNDED HOA! This intimate 11-residence building has been recently repainted and nicely updated, with consistent maintenance and attractive common areas inlcuded major deferred maintanance projects completed. Reported reserves are over 58% funded, with annual reserve contributions exceeding 15% of budgeted assessments. Buyers can appreciate the building's excellent reported financial position and proactive upkeep. Amenities include elevator access, underground parking, shared laundry and bicycle storage.LIVE HERE OR INVEST! The desirable two-bedroom layout, prime Montana Avenue location and proximity to the beach make this a compelling home or long-term rental prospect, subject to HOA rental rules. *****THE OPPORTUNITY IS IN THE TIMING!***** This building is currently non-warrantable, limiting conventional financing options and the potential buyer pool due to this owner owning more than 5 units. Selling the five seller-owned residences to separate buyers is an active plan to reduce concentrated ownership, a key financing issue. If the building becomes eligible for conventional loans, broader financing access could support stronger demand and higher values. Unlike many non-warrantable properties, this one has an identifiable obstacle and a plan to address it. FIVE RESIDENCES, ONE UNIQUE OPPORTUNITY! This is the first being offered. Ask about the remaining units when scheduling your tour. Cash or eligible non-warrantable financing only at present. Building is not currently Fannie Mae/Freddie Mac warrantable. Broker's 15-30% appreciation estimate is an opinion, not an appraisal or guarantee. Eligibility, timing and future values are uncertain; additional project requirements may apply. Buyer and lender to independently verify HOA financials, rental rules and financing eligibility. See private remarks for showings.

Location

State CA

County Los Angeles

Area Santa Monica

Building/Complex Name 1101 Lincoln Blvd

Zoning SMR2*

Rooms

Dining Room 1

Interior

Heating Wall, Other

Cooling None

Flooring Other, Mixed, Laminate, Tile

Fireplaces Type None

Equipment Range/Oven, Refrigerator, Dishwasher, Other, Ceiling Fan

Laundry Community

Exterior

Parking Features Community Garage, Gated Underground, Subterranean, Other, Door Opener, Controlled Entrance

Garage Spaces 2.0

Pool None

Amenities Available Other, Extra Storage, Controlled Access, Gated Community, Assoc Maintains Landscape

View Y/N Yes

View City Lights, City, Tree Top, Trees/Woods, Park

Building

Story 3

Architectural Style Contemporary

Level or Stories One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

Pets Allowed Call For Rules

Virtual Tour https://my.matterport.com/show/?m=epaC6iPkgGz

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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+1(559) 907-9993

preet@riserealtyca.com

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1101 Lincoln Blvd #5 Santa Monica, CA 90403