1330 10th St - Apartments FOR SALE


Santa Monica, CA 90401
$2,695,000 USD
310-836-3638
1330 10th St, Santa Monica, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

1330 10th St
Santa Monica, CA 90401


HIGHLIGHTS

  • Owner-User Opportunity: The vacant 3-bedroom, 3-bathroom front unit is perfect for an owner-user, offering the flexibility to live in a spacious 2-bed
  • Prime Santa Monica Location: Moments from the Santa Monica Pier, Venice Beach, and the vibrant local lifestyle.
  • Modern Upgrades: Property features 100% copper piping, an updated electrical panel, a shared laundry room, four enclosed garages, and beautifully main
  • Upside Potential: Current 5.00% cap rate and 13.06 GRM with potential to achieve 5.48% cap rate and 12.27 GRM.
  • Spacious Units: All units are generously sized and include hardwood floors, separate entrances, and tasteful finishes.

OVERVIEW

5-Unit Multifamily Investment Opportunity in Prime Santa Monica This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area’s stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM. Property Highlights • Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy. It offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios. • Studio Unit: Includes a large private deck, ideal for added comfort and outdoor enjoyment. • Rear Units: Two well-sized 1-bedroom, 1-bath units (600 SF each) and one Bachelor unit. • Additional Amenities: A shared laundry room, four enclosed garages, and beautifully maintained grounds. All units boast separate entrances, hardwood floors, and tasteful finishes throughout. The property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit. This is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of Santa Monica. ***CONTACT US FOR AN OM***

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$618 USD /SF

# OF UNITS

5

PRICE/UNIT

$539,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Perfect Owner User Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3, Santa Monica

APN/PARCEL ID

4282-011-008

ASK ABOUT THIS PROPERTY

Kelly MorganLA CommercialMore Info
310-836-3638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kelly MorganLA CommercialMore Info
310-836-3638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.