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$ 2,700,000
Est. payment /mo
Active
1824 10th Street Santa Monica, CA 90404
3,225 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,225 sqft
Price per Sqft $837
MLS Listing ID CL25612851
HOA Y/N No
Year Built 1952
Lot Size 7,498 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT make this a Gem for owners and renters alike. In a sea of box like rental units the discerning buyer and renter will choose this property every time!... Newly offered at a 5.5% Cap rate and 12.88GRM, this turn-key 6-unit is an exceptional value for the investor that wants a stand out product in a desirable market. Expertly managed and maintained inside and out with upgraded interiors and curated exteriors; the current owners have ensured ease of ownership. A fully permitted ADU has been added to the property so to further capture high area rents. This is a most attractive asset for todays post Covid renters who are willing to pay a premium for modern conveniences with quiet, private and light filled outdoor space. Due to its unique appeal this property should continue to provide stable returns for its lucky new owner!!!
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Heating Electric
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4283022006
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Listed by Christopher Newell • Berkshire Hathaway HomeServices California Properties