$749,000

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… Read More 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. Read Less

Courtesy of The Condo Experts, Brian Maser, The Condo Experts 310-494-2979.

Listing Snapshot

Days Online

Last Updated

Oct 21, 2026

Property Type

Condominium

Beds

Full Baths

Square Ft.

992

Lot Size

0.17 Acres

Year Built

1964

MLS Number

26638989

Additional Details

Amenities

Other, Extra Storage, Controlled Access, Gated Community, Assoc Maintains Landscape, Controlled Access, Entrance Lobby

Appliances & Equipment

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

Building

992 sq ft, Built in 1964, Levels: One Level, Attached, Contemporary

Cooling

None

Disclosures

As Is

Exterior Features

Balcony, Living Room Balcony, Living Room Deck Attached, Patio Open, Other - See Remarks, Porch - Front

Fireplaces

None

Floors

Other, Mixed, Laminate, Tile

Garage

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

Heating

Wall, Other

Home Owner's Association

Dues Frequency: Monthly, HOA Present, Homeowner Dues: $720, Pet Rules: Call For Rules, Insurance, Trash, Maintenance, Water, Water and Sewer

Laundry

Community

Lot

LotAcreage: 0.1721, LotSizeArea: 7,496

Miscellaneous

Property Report

Parking

CoveredParking: 2, TotalParking: 2

Pool

None

Property

EntryFloorNumber: 2, EntryLocation: Main Level, NumberOfUnits: 11, PropertySubType: Condominium, ViewDescription: City Lights, City, Tree Top, Trees/Woods, Park, ViewYN: t, Zoning: SMR2*, Balcony, End Unit, Updated/Remodeled

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

1101 Lincoln Blvd, Unit 5

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

About

Real Estate

Tools

About

Real Estate

Tools