Listing provided courtesy of Eric von Bluecher of Lee & Associates. Last updated 2020-09-23 08:12:17.000000. Listing information © 2020 CLAW.

Asking Price: $5,050,000

1245 10th St, Santa Monica CA 90401

Community: ​C14 - Santa Monica

This property was built in 1960 and is priced at $5,050,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: NDP2000061
  • Type:
  • Year Built: 1960
Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The property features parking for all units. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans.

Call or Email David Bailey now to inquire about this property