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    2519 10th Street

    Santa Monica, CA 90405
    • $2,195,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: SR20191668
    UPDATED: 49 min ago
    $2,195,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,008
      SQFT
    • $730
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    Exceptional opportunity to purchase this ideally located fourplex in Ocean Park just a few minutes to the beach. Two units will be delivered vacant giving the buyer the RARE opportunity to rent at market rates. These two vacant units are ready to be renovated to desired level. One unit was just vacated and would need some freshening up if not renovated. 2 bedroom unit over the garage has privacy as no one is below the unit and this unit is ready to be renovated. This unit offers a clean slate for someone to update. It needs a few things including a closet door and new upper kitchen cabinets. There are two double car garages offering one parking space per unit. One double garage is currently setup as an owners workshop. Nice quiet residential side street leads to the Ocean Park residential neighborhood. The front unit three units have a rear door with a small utility room with wash sink and space for stacked washer and dryer. The middle two units each have a nice size rear patio and the front unit has a fenced side yard and small rear patio. All the amenities of this iconic SoCal location are available within minutes. Dining and shopping at Third Street Promenade is just north off of Lincoln Blvd. Property is subject to City of Santa Monica Rent Stabilization. Property was identified as needing a Soft Story Retrofit. Due to Covid the new deadlines are July 2022 for Evaluation Report, July 2023 for Plan Submittal, and Completion of any work needed is July, 2026.

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    Based on information from CRISNet MLS as of 2020-09-24T22:56:00.773. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-24T22:56:00.773. 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/110010836
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    2519 10th Street Santa Monica, CA 90405

    • Price: $2,195,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: SR20191668
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,008
    SQFT
    $730
    $/SQFT
    1952
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Exceptional opportunity to purchase this ideally located fourplex in Ocean Park just a few minutes to the beach. Two units will be delivered vacant giving the buyer the RARE opportunity to rent at market rates. These two vacant units are ready to be renovated to desired level. One unit was just vacated and would need some freshening up if not renovated. 2 bedroom unit over the garage has privacy as no one is below the unit and this unit is ready to be renovated. This unit offers a clean slate for someone to update. It needs a few things including a closet door and new upper kitchen cabinets. There are two double car garages offering one parking space per unit. One double garage is currently setup as an owners workshop. Nice quiet residential side street leads to the Ocean Park residential neighborhood. The front unit three units have a rear door with a small utility room with wash sink and space for stacked washer and dryer. The middle two units each have a nice size rear patio and the front unit has a fenced side yard and small rear patio. All the amenities of this iconic SoCal location are available within minutes. Dining and shopping at Third Street Promenade is just north off of Lincoln Blvd. Property is subject to City of Santa Monica Rent Stabilization. Property was identified as needing a Soft Story Retrofit. Due to Covid the new deadlines are July 2022 for Evaluation Report, July 2023 for Plan Submittal, and Completion of any work needed is July, 2026.
    Exterior Features

    Exterior Features Awning(S) Foundation Details Raised Lot Features Corner Lot Lot Size Area 6586.0000 Parking Total 4.00 Roof Composition View Neighborhood View YN Yes

    Interior Features

    Appliances Gas OvenGas Range Appliances YN Yes Common Walls 1 Common Wall Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features None Laundry YN No

    Property Features

    Additional Parcels YN No Community Features Sidewalks Gross Income 0.00 Gross Multiplier 21.52 Gross Operating Income 98917.00 Gross Scheduled Income 101976.00 Insurance Expense 1400.00 Land Lease YN No Maintenance Expense 1978.00 Net Operating Income 65106.00 New Construction YN No New Taxes Expense 26340.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 33810.00 Operating Expense Percent 34.18 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Spa Features None Spa YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 33810.00 Trash Expense 950.00 Water Sewer Expense 2350.00 Water Source Public Zoning Smr3*

    Listing provided courtesy of Greg Trotter, CA DRE# 00978695, of Coldwell Banker Realty.


    Based on information from CRISNet MLS as of 2020-09-24T22:56:00.773. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-24T22:56:00.773. 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