1332 10th St - Apartments FOR SALE


Santa Monica, CA 90401- Mid-City Santa Monica
$2,675,000 USD
310-259-7556
1332 10th St, Santa Monica, CA for Sale
$2,675,000 USD
Apartments - FOR SALE
1/42
null | 5.05% Cap Rate

1332 10th St
Santa Monica, CA 90401
Mid-City Santa Monica


HIGHLIGHTS

  • SELLER FINANCING AVAILABLE. CALL FOR MORE DETAILS
  • Remodeled 5-unit property in the heart of Santa Monica
  • 4,454 sqft building on 7,510 sqft R3 lot with ADU play
  • 3Bed/3Bath Craftsman home w/4plex in the rear consisting (2)1Bed/1Bath and (2)Studio/1Bath units - the home and one of the 1Bed/1Bath units are VACANT
  • Current cap rate of 5.05% and 13.14 GRM
  • Features relatively new roof, copper plumbing, and completed seismic retrofit

OVERVIEW

**SELLER FINANCING AVAILABLE. CALL FOR MORE DETAILS** A rare opportunity to own a remodeled 5-unit property in the heart of Santa Monica. This 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. R3 lot, offering excellent ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, which is vacant and ready for an owner-user or new tenant. It features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. Attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. The property’s charming garden-style design enhances its curb appeal. The rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one which includes a private deck, allowing an investor to maximize rental income. The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. Additionally, there are four garages, two of which are separately rented, generating extra income. The property boasts a current cap rate of 5.05% and a GRM 13.14, making it a highly attractive investment. With a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest in one of Santa Monica’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$601 USD /SF

# OF UNITS

5

PRICE/UNIT

$535,000

CAP RATE

5.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1332 10th St, Santa Monica, CA 90401

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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