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
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