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Santa Monica, CA 90404 1868 10th Street

$3,695,000

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Presented By: Marc Chorin with Rodeo Realty - Pacific Palisades;
  • MLS# 24369337
  • 03/15/2024
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  • BedBeds • 14
  • BathBaths • 8
  • FootageSQFT • 6,004
  • GarageGarage • 1

Home Details

Invest in a large two story six units well maintained building, currently with tremendous cash flow , 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine street restaurants & shops. The property includes 2( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 of the units have inside owner's stackable washer & dryer and A/C- wall units. The building also features an additional community laundry room. 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property is fully tenant occupied, all tenants are current. Inside entry with an accepted offer, DO NOT DISTURB TENANTS. One unit well below market rent/ major future rent increase potential. Rent roll in attached documents. Space to build ADUS above carports and increase the property cash flow. MAKE AN OFFER! CALL AGENT FOR MORE INFO.
Presented By: Marc Chorin with Rodeo Realty - Pacific Palisades;

Interior Features for 1868 10th Street

Bedrooms

Total Bedrooms14

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories

General for 1868 10th Street

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate5.1
Carport Spaces5.0
Carport Y/NYes
CitySanta Monica
CountyLos Angeles
Days on Market21
DirectionsSOUTH OF MICHIGAN ST, WEST OF 11 TH ST, EAST OF LINCOLN BLVD, 10 BLOCKS FROM THE BEACH
DisclosuresRentControl
Garage Y/NNo
Gross Income250860.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Interior FeaturesCeilingFans, MultipleStaircases
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo, MultiSplit
Lot Size Square Feet7493.0
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Open Parking Spaces4.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name10th
Total Units6
View Y/NNo
Waterfront Y/NNo
Year Built1959
ZoningSMR2*

Exterior for 1868 10th Street

Building Area Total6004.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.172
Lot Size Area7493.0
Lot Size UnitsSquareFeet
Number of Buildings6
Open Parking Y/NNo
Parking FeaturesAssigned, DetachedCarport, DrivewayDownSlopeFromStreet
SpaNo
Total Parking9.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,695,000
MLS#24369337
List Date 03/15/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors