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- LoopNet Team
1245 10th St
Santa Monica, CA 90401
Santa Monica - 11 Units on 10th & Wilshire · Multifamily Property For Sale
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11 Units
Investment Highlights
- Semi-stabilized asset w/ 8/11 units at market rent; A+ location for maximum rent values
- Individual gas & electric meters = reduced expenses
- Well parked with up to 12 parking spots
- No seismic retrofit necessary saving thousands
- 32% +/- upside = added equity & income potential
- Landlord owned washer and dryer for max profits
Property Facts
| No. Units | 11 | Building Size | 7,512 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2018 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R3 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,512 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2018 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R3 |
Amenities
Site Amenities
- Laundry Facilities
About 1245 10TH ST , SANTA MONICA, CA 90401
Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $287k in gross income with potential income of $377k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 32% 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.
Property Taxes
| Parcel Number | 4282-007-015 | Improvements Assessment | $2,164,864 |
| Land Assessment | $2,942,050 | Total Assessment | $5,106,914 |
Property Taxes
