1101 Lincoln Boulevard Unit 5, Santa Monica, CA 90403

Property Description

Come take a look at one of the last five deals available before this building unlocks its full value. Offered at $749,000, this Santa Monica condo is priced for today's non-warrantable financing. The trust that owns it is selling five units to individual owners. As each one closes, the building moves toward conventional financing eligibility. A much larger buyer pool can then finance here, and we estimate values could rise 15-30% as that happens. Buy now, ahead of the shift, whether you plan to live here or rent it. This is the one we're selling first, and there's more to come. Inquire about the other units, and ask about the other remaining units that will be sold when you tour. Enjoy Montana Avenue mornings, beach afternoons and sunsets at Palisades Parkthis is the Santa Monica lifestyle you've been looking for. Ideally located north of Wilshire, this inviting 2-bedroom, 2-bath condo offers approximately 1,000 square feet of living space and puts Montana Avenue's boutiques and cafs, Third Street Promenade's shopping and dining, and the beach within easy reach.Unit 2B is a north-facing corner unit on the quiet side of the complex, with limited shared walls for added privacy. Inside, an expansive living room opens through oversized sliding glass doors to a wide, covered private balcony with leafy neighborhood views. Light wood-look flooring and crisp white walls create an airy backdrop, while a separate dining area offers room to gather. The kitchen features white cabinetry, light countertops, a stainless steel refrigerator and gas range, and a window above the sink that brings in natural light. Both bedrooms feature generous closets, and the bathrooms offer white vanities and glass-enclosed bathing areas with subway tile.A building in excellent condition. This intimate 12 unit building offers elevator access, underground parking, shared laundry and bicycle storage. The HOA has done an impeccable job: the building was recently repainted and updated throughout, and it has been consistently maintained rather than deferred. Reserves are reported above 58% funded, with ongoing reserve contributions exceeding 15% of budgeted assessments, which is ahead of the higher reserve standard lenders begin applying in 2027. The building is in great shape. What remains is completing these sales to unlock its full value. Cash or non-warrantable financing only at present. Building is not currently Fannie Mae/Freddie Mac warrantable. The 15-30% figure is the listing broker's estimate; future eligibility, timing and appreciation are not guaranteed. Buyer and buyer's lender to independently verify financing eligibility prior to close. See private remarks for all showing requests.