1824 10th St
SANTA MONICA, CA 90404
Cross street:Pico blvd

Property

Ownership: For Sale
Bedrooms: 5 BR
Bathrooms: 7
Area: 7498 sq ft
Lot Size: 0.17 Acres

Financials

Price:$2,700,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Berkshire Hathaway HomeServices California Propert

1824 10th St 5BR Santa Monica La

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!!!

Amenities

  • Balcony
  • beamed ceilings
  • Cathedral Ceiling(s)
  • Deck(s)
  • French Doors
  • Remodeled

Neighborhood

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.