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    1245 10TH St

    Santa Monica, CA 90401
    • $5,050,000
    • STATUS: Active
    • ON SITE: 182 days
    • ID#: 20-582748
    UPDATED: 6 min ago
    $5,050,000
    • 14
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,512
      SQFT
    • $672
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    11 unit investment opportunity on 10th & Wilshire with eight, highly upgraded units leaving 31% +/- upside for new investor, this multifamily asset combines both great cash flow along with cash preservation for generations due to the fantastic location and quality tenant fundamentals found in Santa Monica. The A+ location is in close proximity to boutique and luxury shopping, Michelin and James Beard awarded Restaurants, word class beaches, top tech companies with a matching tenant base that features 60% college educated earning $40,000 more than the national average.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-05T13:44:03.64. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/106578530
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    1245 10TH St Santa Monica, CA 90401

    • Price: $5,050,000
    • Status: Active
    • Updated: 6 min ago
    • ID#: 20-582748
    14
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,512
    SQFT
    $672
    $/SQFT
    1960
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    11 unit investment opportunity on 10th & Wilshire with eight, highly upgraded units leaving 31% +/- upside for new investor, this multifamily asset combines both great cash flow along with cash preservation for generations due to the fantastic location and quality tenant fundamentals found in Santa Monica. The A+ location is in close proximity to boutique and luxury shopping, Michelin and James Beard awarded Restaurants, word class beaches, top tech companies with a matching tenant base that features 60% college educated earning $40,000 more than the national average.
    Exterior Features

    Lot Size Area 7517 Other Structures None Parking Garage Other Pool YN No Spa None Spa YN No Tennis YN No Total Parking 11 View Description None View YN No

    Interior Features

    Baths Total 11.00 Cooling None Den No Dining Room No Equipment None Family Room No Heating None Rooms Other

    Property Features

    Gross Income 287976 Gross Operating Income 279337 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 188217.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Security Features None Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 91119 Type Of Units 3)2+1;8)1+1 Zoning Smr3*

    Listing provided courtesy of Eric Von Bluecher DRE#01926201 of Lee & Associates Commercial Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-05T13:44:03.64. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211