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$2,675,000

Est. payment - /mo

5 Beds

4,454 SqFt

Active

1332 10th ST Santa Monica, CA 90401

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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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

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

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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