Active
$2,800,000
3%
6 Units
5 Beds
7 Baths
3,225 Area(sq.ft.)
Lot: 7,498 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 2 | No | $ 3,427 | $ 3,427 | $ 3,800 |
| Unit 2 | 2 | studio | 1 | No | $ 4,070 | $ 4,070 | $ 4,575 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,567 | $ 3,567 | $ 4,300 |
| Unit 4 | 2 | 1 | 1 | No | $ 3,300 | $ 6,190 | $ 6,300 |
| 6 | 5 | 7 | $ 21,734 | $ 27,514 | $ 29,850 |
| MLS #: | 25522843 |
| Days On Market: | 241 |
| Listing Date: | April 9, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 868 |
| Price per unit: | $ 466,667 |
| Year Built: | 1952 |
Property Details
Welcome to 1824 10th Street! Now offered at an exceptional value, this turn-key 6-unit gem has been expertly managed and maintained offering its new owner a true turn-key investment. True to the California Lifestyle sought by the most discerning tenants, 5 of the 6 units in this special property offer spacious and private outdoor spaces. Interior upgrades further add to the comfortable and quiet experience offered to top tier tenants. Additionally its location offers easy access to entertainment, gyms, shops and dining. And an easy commute to Downtown Santa Monica, and Venice. Quick access to the 10 Freeway completes the ease of access to all things for your tenants present and future. This is an attractive asset with significant immediate cash flow, in a location that continues to grow in demand.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 207,048 |
| Total Annual Expense: | $ 66,620 |
| Net Operating Income: | $ 138,862 |
| Gross Annual Income: | $ 209,676 |
| Cap Rate: | 5.1% |
| Gross Rent Multiplier: | 13.35 |
| Actual Rent Total: | $ 17,254 |
Structure
| Type of Units: | Cottages |
| Buildings: | 3 |
| Levels: | One |
| Style: | Cottage |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Assigned, Driveway, Permit/Decal, Shared Driveway |
Interior
| Cooking Appliances: | Range, Range Hood, Gas/Electric Range, Microwave, Oven |
| AC/Cooling: | Ceiling Fan, Wall Unit(s) |
| Equipment: | Dryer, Ceiling Fan, Washer, Dishwasher, Refrigerator, Hood Fan |
| Heating: | Electric, Wall Gas |
| Interior Features: | Cathedral-Vaulted Ceilings, Beamed Ceiling(s) |
| Kitchen Features: | Remodeled |
| Laundry: | In Unit |
| Laundry Equipment: | Own |
| Patio Features: | Deck(s), Balcony |
Exterior
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Income
