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1868 10th St Santa Monica, CA 90404
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Key Details
Sold Price $3,215,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,004 sqft
Price per Sqft $535
MLS Listing ID 24-369337
Sold Date 08/14/24
Bedrooms 14
Year Built 1959
Lot Size 7,493 Sqft
Acres 0.172
Property Description
ONLY 10 BLOCKS FROM THE BEACH!!, SOUTH OF MICHIGAN ST , WEST OF 11 TH ST , EAST OF LINCOLN BLVD, Remarks : ONE FRONT UNIT #1 (3+2 + private yard ) currently vacant. 6 Large spacious units in a two story building, well maintained with tremendous cash flow . ONLY 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine (MAIN) street restaurants & shops. The property consists of 2 ( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 units have stackable washer & dryer inside PLUS A/C- wall units. The building features a community laundry room for tenant's convenience ( see additional income in attached docs) . 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property is fully occupied, with stable tenants paying on time. Inside entry with an accepted offer, DO NOT DISTURB TENANTS. One unit with well below market rent provides tremendous opportunity for major future rent and gross income increase . Rent roll and estimated financial sheet is in attached MLS documents. All this and there's Space in the rear of the property for Potential ADU build out to increase the property value and cash flow even more !!
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMR2*
Rooms
Other Rooms Other
Interior
Interior Features 2 Staircases, Common Walls
Heating Wall
Cooling Ceiling Fan, Air Conditioning, Wall Unit(s)
Equipment Ceiling Fan, Dishwasher, Refrigerator, Range/Oven, Washer, Dryer
Exterior
Parking Features Assigned, Above Street Level, Carport Detached
Garage Spaces 9.0
Pool None
Building
Lot Description Fenced
Level or Stories Multi/Split, Two
Others
Special Listing Condition Standard
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Bought with Rodeo Realty - Pacific Palisades