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1332 10th St
For Sale $2,675,000 ($600.58 per Sq Ft)
$2,675,000 ($600.58 per Sq Ft)
- 5 Units
- 4,454 Sq Ft
- 7,513 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,675,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,454 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1948 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4282011008 |
| MLS # | 25506801 |
| Property ID | 321333327 |
| Lot Sqft | 7,513 |
| Zoning | SMR3* |
| Total Units | 5 |
| Days on Market | 21 |
| Original List Price | $2,675,000 |
| Date Updated | March 14, 2025 |
| Date Created | March 06, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 3.00 | $0 | $6,200 |
| Unit #2 | 1 | 1.00 | $0 | $2,950 |
| Unit #3 | 1 | 1.00 | $2,752 | $2,950 |
| Unit #4 | 0 | 1.00 | $1,995 | $2,650 |
| Unit #5 | 0 | 1.00 | $2,570 | $2,650 |
| Gross Income (Yr) | $ 197,676 |
| Operating Expenses | $ 62,575 |
| Net Income (Yr) | $ 135,101 |
| Cap Rate | 5.05% |
Listing Provided By
David Messiah an agent of Lyon Stahl Investment Real Estate, Inc.. Lic #02117893
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