1846 10TH ST Santa Monica LA

271 North Canon Drive Beverly Hills, CA 90210
Courtesy of Marios C Savvides
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Location

1846 10TH ST
Santa Monica CA 90404

Property

Ownership: For Sale
Bedrooms: 20 BR
Bathrooms: 10
Pets: Pets Unknown
Area: 11990 sq ft
Lot Size: 11990 sq ft

Financials

Price: $4,499,000

Description

Many units have been remodeled and have Washer & Dryers. There is an existing assumable loan of approximately $1,970,000 fixed at 3.29% with monthly payments of $9,183.31 until 4/1/2021, 6-month LIBOR + 2.25 adjustable thereafter with a lifetime interest cap rate of 9.5%. Monthly garage/laundry income is about $225. Cap rate at projected rents is 5.4% and current Cap rate is 3.8%. Buyer must cooperate with Seller in a 1031 tax exchange at no cost or liability to Buyer. Inside units with accepted offer.

Neighborhood

More listings: Santa Monica

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