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
Bedrooms 5
Year Built 1948
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.
Location
State CA
County Los Angeles
Zoning SMR3*
Direction Just North of Santa Monica Blvd & East of Lincoln Blvd
Interior
Cooling Other/Remarks
Flooring Wood
Fireplaces Type FP in Living Room,Other/Remarks
Fireplace No
Appliance Dishwasher,Dryer,Refrigerator,Washer
Exterior
Parking Features Garage - Single Door
Garage Spaces 4.0
View Y/N Yes
Water Access Desc Public
View Other/Remarks
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 4282011008
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=kCMo31yyrZP