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    1122 10th Street

    Santa Monica, CA 90403
    • $7,210,000
    • STATUS: Active
    • ON SITE: 131 days
    • ID#: PW20068855
    UPDATED: 45 min ago
    $7,210,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,915
      SQFT
    • $809
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    Exclusive potential - DELIVERED WITH ALL UNITS VACANT! This stunning property contains 6 bright apartments each with 2 bedrooms, 2 baths and desirable floor plan. Total of 8,915 Sf on 7,521 Sf of land in one of the best parts of Santa Monica. Retrofit is up to code. All 6 units have been fully renovated. New kitchens with quartz counter tops, Distressed hardwood floors, Crown moldings, High Ceilings, Balcony off Large open living room, stackable Washer/Dryer hookups in closet. 10 covered parking spaces. All units separately metered for electric and gas. New roof installed in 2016. Prime Santa Monica location 10 blocks from the beach, convenient to the UCLA Medical Center, parks, schools, famous Santa Monica Pier, restaurants and shops on Montana Ave & 3rd Street Promenade. Current price reflects 3,35 cap on current market rents. This is a trophy asset and turnkey investment opportunity! Photos will be added shortly.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T08:27:04.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/104828484
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    1122 10th Street Santa Monica, CA 90403

    • Price: $7,210,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: PW20068855
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,915
    SQFT
    $809
    $/SQFT
    1967
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Exclusive potential - DELIVERED WITH ALL UNITS VACANT! This stunning property contains 6 bright apartments each with 2 bedrooms, 2 baths and desirable floor plan. Total of 8,915 Sf on 7,521 Sf of land in one of the best parts of Santa Monica. Retrofit is up to code. All 6 units have been fully renovated. New kitchens with quartz counter tops, Distressed hardwood floors, Crown moldings, High Ceilings, Balcony off Large open living room, stackable Washer/Dryer hookups in closet. 10 covered parking spaces. All units separately metered for electric and gas. New roof installed in 2016. Prime Santa Monica location 10 blocks from the beach, convenient to the UCLA Medical Center, parks, schools, famous Santa Monica Pier, restaurants and shops on Montana Ave & 3rd Street Promenade. Current price reflects 3,35 cap on current market rents. This is a trophy asset and turnkey investment opportunity! Photos will be added shortly.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherDisposal Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Fireplace Features Living Room Fireplace YN Yes Flooring Wood Interior Features High CeilingsLiving Room Balcony Laundry Features In Closet Room Type Living RoomMaster Bedroom

    Property Features

    Accessibility Features Parking Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 5000.00 Elevation Units Feet Fuel Expense 5000.00 Gross Income 300000.00 Gross Scheduled Income 352800.00 Insurance Expense 4000.00 Land Lease YN No Laundry YN Yes Net Operating Income 246960.00 New Construction YN No New Taxes Expense 90125.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Number Of Units Leased 6 Operating Expense 105840.00 Professional Management Expense 715.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesManagement Total Actual Rent 25000.00 Total Expenses 105840.00 Trash Expense 500.00 Water Sewer Expense 500.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Elena Zhurbenko of Berkshire Hathaway H.S.C.P.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T08:27:04.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731