1332 10th ST Active Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90401
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,454 sqft
Price per Sqft $600
MLS Listing ID SB25072490
Bedrooms 5
Year Built 1948
Lot Size 7,514 Sqft
Property Sub-Type Single Family Residence
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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Cooling See Remarks
Flooring Wood
Fireplaces Type Living Room,See Remarks
Exterior
Parking Features Door-Single,Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
View Y/N Yes
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Acceptable Financing Owner Will Carry,Owner May Carry
Listing Terms Owner Will Carry,Owner May Carry
Special Listing Condition Standard