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    1245 10TH Street

    Santa Monica, CA 90401
    • $5,050,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 20582748
    UPDATED: 31 min ago
    $5,050,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    11 unit investment opportunity on 10th & Wilshire with eight, highly upgraded units leaving 31% +/- upside for new investor, this multifamily asset combines both great cash flow along with cash preservation for generations due to the fantastic location and quality tenant fundamentals found in Santa Monica. The A+ location is in close proximity to boutique and luxury shopping, Michelin and James Beard awarded Restaurants, word class beaches, top tech companies with a matching tenant base that features 60% college educated earning $40,000 more than the national average.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-11T20:31:30.66. 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/106247311
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    1245 10TH Street Santa Monica, CA 90401

    • Price: $5,050,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 20582748
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1960
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    11 unit investment opportunity on 10th & Wilshire with eight, highly upgraded units leaving 31% +/- upside for new investor, this multifamily asset combines both great cash flow along with cash preservation for generations due to the fantastic location and quality tenant fundamentals found in Santa Monica. The A+ location is in close proximity to boutique and luxury shopping, Michelin and James Beard awarded Restaurants, word class beaches, top tech companies with a matching tenant base that features 60% college educated earning $40,000 more than the national average.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Spa Features None Spa YN No View None View YN No

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Gross Income 287976.00 Gross Multiplier 17.54 Gross Operating Income 279337.00 Laundry Income 100.00 Net Operating Income 188217.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 91119.00 Zoning Smr3*

    Listing provided courtesy of Eric Von Bluecher of Lee & Associates Commercial Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-11T20:31:30.66. 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