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    1846 10Th St

    Santa Monica, CA 90404
    • $4,950,000
    • STATUS: Active
    • ON SITE: 3 days
    • ID#: 20-632590
    New On Site 3 Days Ago
    UPDATED: 52 min ago
    $4,950,000
    • 20
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,076
      SQFT
    • $545
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    Description

    We are pleased to present these excellently located 10 units located at 1846 10th Street, in Santa Monica, California. Built in 1958 the asset sits on 11,990 square feet of land with 9,076 square feet of rentable area and boasts a great unit mix of all 2 Bed/1 Bath units. About half of the units have their own washer and dryer in unit, there is common area laundry on site. With an average unit size of over 900 SqFt, this property is beautifully designed with all the units wrapping around a center courtyard. Tenants have access to the property from both 10th St and an alleyway behind the building. Furthermore, the property offers its tenants ample parking with on site garage and surface parking, and then plenty of additional permitted parking on 10th street. A huge benefit to the Buyer is that the Seller has already paid for and completed the mandatory soft story seismic retrofitting work. With today's attractive interest rates, a qualified Buyer would only need about 40% down payment.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T18:42:51.587. 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.randyplaice.com/homes/110010238
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    1846 10Th St Santa Monica, CA 90404

    • Price: $4,950,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 20-632590
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    9,076
    SQFT
    $545
    $/SQFT
    1958
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    We are pleased to present these excellently located 10 units located at 1846 10th Street, in Santa Monica, California. Built in 1958 the asset sits on 11,990 square feet of land with 9,076 square feet of rentable area and boasts a great unit mix of all 2 Bed/1 Bath units. About half of the units have their own washer and dryer in unit, there is common area laundry on site. With an average unit size of over 900 SqFt, this property is beautifully designed with all the units wrapping around a center courtyard. Tenants have access to the property from both 10th St and an alleyway behind the building. Furthermore, the property offers its tenants ample parking with on site garage and surface parking, and then plenty of additional permitted parking on 10th street. A huge benefit to the Buyer is that the Seller has already paid for and completed the mandatory soft story seismic retrofitting work. With today's attractive interest rates, a qualified Buyer would only need about 40% down payment.
    Exterior Features

    Covered Parking 6 Cross Streets Michigan Avenue And 10th Street Direction Faces West Entry Location Ground Level - No Steps Exterior Construction Combination Levels Multi/SplitTwo Lot Description 5 + Lots Lot Location Alley Access Lot Size Area 11990 Other Structures None Parking Garage DrivewayAssignedAttachedControlled EntranceConverted Garage Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style Bungalow Tennis Court None Tennis YN No Total Parking 8 Water Frontage None

    Interior Features

    Bathroom Features Shower Over TubTile Baths Total 10.00 Cooking Appliances Cooktop - GasOvenOven-GasGas Cooling Other Equipment DishwasherGarbage DisposalRefrigeratorWasherDryerFreezer Fireplace Rooms BathKitchenLiving RoomElectricGas Flooring HardwoodTile Heating Wall Kitchen Features Counter TopLaminate CountersTile Counters Laundry In UnitLaundry Area Water Heater Features Gas

    Property Features

    Alley YN Yes Amenities Gated CommunityControlled Access Assessed Total Value 4456011 Gross Income 298752 Gross Operating Income 298752 Land Lease Type Fee Like Units1 10 Monthly Gross Income 24896.00 Net Operating Income 201027.00 Number Of Buildings 1 Number Of Units 10 Owner Pays GardenerWater Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In StreetPaid Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Other Tax Total 55139.00 Tenant Pays GasElectricityCable Tv Total Annual Expense 88852 TVServices Cable Tv Type Of Units 2 Bed/1 Bath Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T18:42:51.587. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355