$2,675,000
- Beds
- 5
- sq ft
- 4,454
1332 10th St, Santa Monica, CA 90401
1332 10th St
Santa Monica, CA 90401
- 28 days on market
** SELLER FINANCING AVAILABLE. CRAFTSMAN HOME + 4 UNITS** A rare opportunity to own a remodeled 5-unit property in the heart of Santa Monica. This 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. R3 lot, offering excellent ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, which is vacant and ready for an owner-user or new tenant. It features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. Attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. The property's charming garden-style design enhances its curb appeal. The rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. Additionally, there are four garages, two of which are separately rented, generating extra income. The property boasts a current cap rate of 5.05% and a GRM 13.14, making it a highly attractive investment. With a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of Santa Monica's most sought-after neighborhoods.
Details
Property type
Lot size
7,513 sq ft
Price per sq ft
$601
Year built
1948
HOA
No
Price History
03/04/2025

CLAW #25506801
Listed
$2,675,000
Schools & Community
Neighborhood:
Downtown/Third Street Promenade
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 04/03/2025 at 1:20 AM
Listing updated: 04/02/2025 at 7:46 PM
Listed by: David Messiah, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CLAW #25506801

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