1332 10th st, Santa Monica, CA 90401
Active
$2,675,000
5 Units
5 Beds
7 Baths
4,454 Area(sq.ft.)
Lot: 7,513 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | No | n/a | n/a | $ 6,200 |
| Unit 2 | 1 | 1 | 1 | No | n/a | n/a | $ 2,950 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,752 | $ 2,752 | $ 2,950 |
| Unit 4 | 1 | studio | 1 | No | $ 1,995 | $ 1,995 | $ 2,650 |
| Unit 5 | 1 | studio | 1 | No | $ 2,570 | $ 2,570 | $ 2,650 |
| 5 | 5 | 7 | $ 7,317 | $ 7,317 | $ 17,400 |
| MLS #: | 25506801 |
| Days On Market: | 275 |
| Listing Date: | March 6, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 601 |
| Price per unit: | $ 535,000 |
| Year Built: | 1948 |
Property Details
** 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 and two of which are vacant. The property boasts a current cap rate of 5.29% and a GRM 12.69, 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.Interested in this Listing?
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Income Details
| Vacancy Rate: | 40% |
| Gross Operating Income: | $ 197,676 |
| Total Annual Expense: | $ 62,575 |
| Net Operating Income: | $ 141,641 |
| Gross Annual Income: | $ 210,804 |
| Cap Rate: | 5.29% |
| Gross Rent Multiplier: | 12.69 |
Structure
| Type of Units: | 3+3,1+1,0+1 |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | SMR3* |
| Parking Garage: | Garage - 1 Car, Garage - 4+ Car |
Interior
| AC/Cooling: | Other |
| Equipment: | Other, Gas Dryer Hookup, Refrigerator, Washer, Dishwasher, Dryer, Freezer |
| Heating: | Other |
Exterior
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