1824 10th St - Apartments FOR SALE


Santa Monica, CA 90404- Pico
$2,700,000 USD
310-993-9213
1824 10th St, Santa Monica, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/13
null | 5.51% Cap Rate

1824 10th St
Santa Monica, CA 90404
Pico


HIGHLIGHTS

  • * Outdoor Spaces: 5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT
  • * Turn-Key Condition: Professionally managed and in excellent condition
  • * Interior Upgrades: Clean, modern updates throughout each unit
  • * Strong Tenancy: Stable rent roll with high-quality tenants
  • * Investment Upside: Solid long-term hold with room for future growth

OVERVIEW

5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT make this a Gem for owners and renters alike. In a sea of box like rental units the discerning buyer and renter will choose this property every time!... Newly offered at a 5.5% Cap rate and 12.88GRM, this turn-key 6-unit is an exceptional value for the investor that wants a stand out product in a desirable market. Expertly managed and maintained inside and out with upgraded interiors and curated exteriors; the current owners have ensured ease of ownership. A fully permitted ADU has been added to the property so to further capture high area rents. This is a most attractive asset for todays post Covid renters who are willing to pay a premium for modern conveniences with quiet, private and light filled outdoor space. Due to its unique appeal this property should continue to provide stable returns for its lucky new owner!!!

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$837 USD /SF

# OF UNITS

6

PRICE/UNIT

$450,000

CAP RATE

5.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R2

APN/PARCEL ID

4283-022-006

ASK ABOUT THIS PROPERTY

Christopher NewellBerkshire Hathaway California PropertiesMore Info
310-993-9213

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Christopher NewellBerkshire Hathaway California PropertiesMore Info
310-993-9213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.