1330 10th St Santa Monica, CA 90401
Active
$2,695,000
5 Units
5 Beds
7 Baths
4,454 Area(sq.ft.)
7,513 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | No | $ 6,000 | n/a | $ 6,495 |
| Unit 2 | 2 | 1 | 1 | No | $ 2,740 | $ 5,481 | $ 5,790 |
| Unit 3 | 2 | studio | 1 | No | $ 2,245 | $ 4,490 | $ 4,790 |
| 3 | 5 | 5 | 7 | $ 15,970 | $ 19,942 | $ 27,655 |
| MLS #: | 24-416825 |
| Days On Market: | 150 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 605 |
| Price per unit: | $ 539,000 |
| Year Built: | 1948 |
Property Details
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.***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.***CONTACT US FOR AN OM***Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 200,214 |
| Total Annual Expense: | $ 65,344 |
| Net Operating Income: | $ 134,870 |
| Gross Annual Income: | $ 206,406 |
| Cap Rate: | 5% |
| Gross Rent Multiplier: | 13.06 |
| Actual Gross Rent: | $ 15,971 |
Structure
| Type of Units: | mixed |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR3* |
| Parking Garage: | Garage Is Attached, Garage - 4+ Car |
Interior
| AC/Cooling: | None |
| Equipment: | Washer, Dryer |
| Heating: | Forced Air |
| Laundry Income: | 50.00 |
Exterior
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