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
- 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.