Address
1245 10th St Santa Monica, CA
Price
$ 5,050,000
Property Attributes
  • MLS#NDP2100208
  • TypeContingent
  • CountyLOS ANGELES
  • CitySanta Monica
  • Neighborhood90401
  • Zip90401
  • Style2-4 UNITS
  • Price$ 5,050,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,517 SqFt
Listing Provided Courtesy Of:
Lee & Associates
Property Description

Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The property Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The property features parking for all units. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans.

Price History
1/8/2021 Listed $5,050,000

General Features

Neighborhood 90401
Sale/rent For Sale
Terms Cash
Total Units 11

Exterior Features

Lot Size Area 7, 500-10, 889 SF
Number of Buildings 1
Pool Y/N N/K

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90401

Price
AVG $2.57M
$5.05M
Visits
AVG 52
15

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