1332 10th Street, Santa Monica, CA 90401 - MLS#SB25072490

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,675,000

Est. payment - /mo

5 Beds

4,454 SqFt

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,454 sqft

Price per Sqft $600

MLS Listing ID SB25072490

Bedrooms 5

Year Built 1948

Property Sub-Type Detached

Property Description

** SELLER FINANCING AVAILABLE. CRAFTSMAN HOME + 4 UNITS** A rare opportunity to own a remodeled 5-unit property in the heart of Santa Monica. This 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. R3 lot, offering excellent ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, which is vacant and ready for an owner-user or new tenant. It features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. Attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. The property's charming garden-style design enhances its curb appeal. The rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. Additionally, there are four garages, two of which are separately rented, generating extra income. The property boasts a current cap rate of 5.05% and a GRM 13.14, making it a highly attractive investment. With a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of Santa Monica's most sought-after neighborhoods.

Location

State CA

County Los Angeles

Zoning SMR3*

Direction Just North of Santa Monica Blvd & East of Lincoln Blvd

Interior

Cooling Other/Remarks

Flooring Wood

Fireplaces Type FP in Living Room, Other/Remarks

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Washer

Exterior

Parking Features Garage - Single Door

Garage Spaces 4.0

View Y/N Yes

Water Access Desc Public

View Other/Remarks

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Tax ID 4282011008

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1332 10th Street Santa Monica, CA 90401

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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