1824 10th ST new Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90404
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,225 sqft
Price per Sqft $837
MLS Listing ID 25612851
Bedrooms 5
Year Built 1952
Lot Size 7,496 Sqft
Property Description
5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT make this a Gem for owners and renters alike. In a sea of box like rental units the discerning buyer and renter will choose this property every time!... Newly offered at a 5.5% Cap rate and 12.88GRM, this turn-key 6-unit is an exceptional value for the investor that wants a stand out product in a desirable market. Expertly managed and maintained inside and out with upgraded interiors and curated exteriors; the current owners have ensured ease of ownership. A fully permitted ADU has been added to the property so to further capture high area rents. This is a most attractive asset for todays post Covid renters who are willing to pay a premium for modern conveniences with quiet, private and light filled outdoor space. Due to its unique appeal this property should continue to provide stable returns for its lucky new owner!!!
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Electric
Exterior
Parking Features Assigned,Driveway,Permit Required,Shared Driveway
View Y/N No
View None
Building
Story 2
New Construction No
Others
Special Listing Condition Standard