1332 10th Street Active Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90401
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,454 sqft
Price per Sqft $600
MLS Listing ID SB25072490
Style Detached
Bedrooms 5
HOA Y/N No
Year Built 1948
Lot Size 7,513 Sqft
Acres 0.1725
Property Sub-Type Detached
Property Description
** SELLER FINANCING AVAILABLE. CRAFTSMAN HOME + 4 UNITS** A rare opportunity to own a remodeled 5-unit property in the heart of Santa Monica. This 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. R3 lot, offering excellent ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, which is vacant and ready for an owner-user or new tenant. It features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. Attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. The property's charming garden-style design enhances its curb appeal. The rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. Additionally, there are four garages, two of which are separately rented, generating extra income. The property boasts a current cap rate of 5.05% and a GRM 13.14, making it a highly attractive investment. With a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of Santa Monica's most sought-after neighborhoods.
** SELLER FINANCING AVAILABLE. CRAFTSMAN HOME + 4 UNITS** A rare opportunity to own a remodeled 5-unit property in the heart of Santa Monica. This 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. R3 lot, offering excellent ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, which is vacant and ready for an owner-user or new tenant. It features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. Attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. The property's charming garden-style design enhances its curb appeal. The rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. Additionally, there are four garages, two of which are separately rented, generating extra income. The property boasts a current cap rate of 5.05% and a GRM 13.14, making it a highly attractive investment. With a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of Santa Monica's most sought-after neighborhoods.
Location
State CA
County Los Angeles
Area Santa Monica (90401)
Zoning SMR3*
Interior
Cooling Other/Remarks
Flooring Wood
Fireplaces Type FP in Living Room,Other/Remarks
Equipment Dishwasher,Dryer,Refrigerator,Washer
Appliance Dishwasher,Dryer,Refrigerator,Washer
Exterior
Parking Features Garage - Single Door
Garage Spaces 4.0
View Other/Remarks
Total Parking Spaces 4
Building
Story 2
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Level or Stories Split Level
Others
Monthly Total Fees $102
Miscellaneous Urban
Acceptable Financing Seller May Carry
Listing Terms Seller May Carry
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=kCMo31yyrZP