$3,299,000
- Beds
- 14
- sq ft
- 6,004
1868 10th St, Santa Monica, CA 90404
1868 10th St
Santa Monica, CA 90404
- 112 days on market
- Price drop $200,000↓
- Open house Jul 07
ONLY 10 BLOCKS FROM THE BEACH!!, SOUTH OF MICHIGAN ST , WEST OF 11 TH ST , EAST OF LINCOLN BLVD, Remarks : ONE FRONT UNIT 3+2 + YARD POSSIBLY DELIVERED VACANT AT COE. LARGE, spacious units in a two story building. Hard to find, 6 well maintained units with tremendous cash flow . ONLY 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine (MAIN) street restaurants & shops. The property consists of 2 ( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 units have stackable washer & dryer inside PLUS A/C- wall units. The building features a community laundry room for tenant's convenience ( see additional income in attached docs) . 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property is fully occupied, with stable tenants paying on time. Inside entry with an accepted offer, DO NOT DISTURB TENANTS. One unit with well below market rent provides tremendous opportunity for major future rent and gross income increase . Rent roll and estimated financial sheet is in attached MLS documents. All this and there's Space in the rear of the property for Potential ADU build out to increase the property value and cash flow even more !!
Details
Property type
Lot size
7,493 sq ft
Price per sq ft
$550
Year built
1959
HOA
No
Price History
06/18/2024
CLAW #24369337
Price change
$3,299,000
-5.72%
05/03/2024
CLAW #24369337
Price change
$3,499,000
-5.3%
04/03/2024
CLAW #24369337
Price change
$3,695,000
-7.51%
Schools & Community
Neighborhood:
Pico District
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 07/05/2024 at 7:00 PM
Listing updated: 07/05/2024 at 10:23 AM
Listed by: Marc Chorin, Rodeo Realty - Pacific Palisades Phone #: (310) 566-4400
MLS: CLAW #24369337
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