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

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Ricardo Gil Jr

rgiljr@gilsre.com +1(209) 226-9649

$2,675,000

Est. payment - /mo

5 Beds

4,454 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,454 sqft

Price per Sqft $600

MLS Listing ID SB25072490

Bedrooms 5

HOA Y/N No

Year Built 1948

Lot Size 7,514 Sqft

Property Sub-Type Single Family Residence

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

Area C14 - Santa Monica

Zoning SMR3*

Interior

Interior Features Attic

Cooling See Remarks

Flooring Wood

Fireplaces Type Living Room, See Remarks

Fireplace Yes

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Parking Features Door-Single, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

View Y/N Yes

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Schools

School District Santa Monica-Malibu Unified

Others

Senior Community No

Tax ID 4282011008

Acceptable Financing Owner Will Carry, Owner May Carry

Listing Terms Owner Will Carry, Owner May Carry

Special Listing Condition Standard

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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556

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Ricardo Gil Jr

+1(209) 226-9649

Broker | CA DRE#01800755

Broker CA DRE#01800755

1332 10th ST Santa Monica, CA 90401

Ricardo Gil Jr

Key Details

Location

Interior

Exterior

Building

Schools

Others

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