1518 10th St | Santa Monica, CA 90401
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- LoopNet Team
1518 10th St
Santa Monica, CA 90401
Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- SEE OFFERING MEMORANDUM FOR RENTAL/FINANCIAL INFO.
- Prime Santa Monica beach location.
- Excellent Price. $340,909/Unit and $372/SQFT is below average sales at $460,000/Unit, $480/SQFT.
- 11 unit apartment building with 10,080 square feet.
- Great unit mix. Ample parking. 10 balconies. Lots of storage. Clean building.
- Add even more value to this 11 Unit building with the currently existing vacant non-conforming unit as an ADU.
PROPERTY FACTS
| No. Units | 11 | Building Size | 10,080 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R3 - SMR3 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | R3 - SMR3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Storage Space
- Heating
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Security System
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,299 | - |
| 2+2 | 5 | $2,228 | - |
| 1+1 | 4 | $1,734 | - |
| Studios | 1 | $1,895 | - |
PROPERTY TAXES
| Parcel Number | 4282-029-003 | Improvements Assessment | $618,898 |
| Land Assessment | $488,599 | Total Assessment | $1,107,497 |
PROPERTY TAXES
Parcel Number
4282-029-003
Land Assessment
$488,599
Improvements Assessment
$618,898
Total Assessment
$1,107,497
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