1330 10th Street

Santa Monica, CA 90401

$2,695,000
Price
5
Beds
7
Baths
4,454 Sq. Ft.
$605 / Sq. Ft.
4,454
Sq. Ft.
$605
per Sq. Ft.

Description

5-Unit Multifamily Investment Opportunity in Prime Santa Monica. This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area's stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM. Property Highlights Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy....5-Unit Multifamily Investment Opportunity in Prime Santa Monica. This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area's stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM. Property Highlights Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy. It offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios. Studio Unit: Includes a large private deck, ideal for added comfort and outdoor enjoyment. Rear Units: Two well-sized 1-bedroom, 1-bath units (600 SF each) and one Bachelor unit. Additional Amenities: A shared laundry room, four enclosed garages, and beautifully maintained grounds. All units boast separate entrances, hardwood floors, and tasteful finishes throughout. The property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit. This is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of Santa Monica. Owner-User Opportunity: The vacant 3-bedroom, 3-bathroom front unit is perfect for an owner-user, offering the flexibility to live in a spacious 2-bed Prime Santa Monica Location: Moments from the Santa Monica Pier, Venice Beach, and the vibrant local lifestyle. Modern Upgrades: Property features 100% copper piping, an updated electrical panel, a shared laundry room, four enclosed garages, and beautifully main Upside Potential: Current 5.00% cap rate and 13.06 GRM with potential to achieve 5.48% cap rate and 12.27 GRM. Spacious Units: All units are generously sized and include hardwood floors, separate entrances, and tasteful finishes. Contact us for an om

Property Details for 1330 10th Street

Zoning
SMR3*
Parcel Number
4282011008
Total Units
5.0
Living Area
4454
Source Living Area
Estimated
Area
Santa Monica (C14)
Vacancy Rate
2 units
Lot Size Area
7513
LISTING UPDATED: 12/12/2024 12:13 PM

Property Details for 1330 10th Street

StatusActive
MLS #24-416825
Days on Market168
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.17 AC / 7,513 SF
CountyLos Angeles County

Building Information for 1330 10th Street

Stories2Residences-Year Built1948Building Size-Lot Size0.17 AC / 7,513 SF

Property Information for 1330 10th Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: mixed
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $200,214
  • Net Operating Income: $134,870.00
  • Gross Income: $206,406
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $13.06
  • Actual Annual Gross Rent: $15,971.00
  • Garage Income: $500
  • Laundry Income: $50
  • Financial Info as Of: 11/21/2024
  • Owner Pays: Electricity, Water, Gardener
  • Total Annual Expense: 65344
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1725
  • Lot Size Square Feet: 7513
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached, Garage - 4+ Car
  • Total Parking: 4
  • Covered Parking: 4
  • Open Other Spaces Total: 0
  • Garage Spaces Total: 4
  • Carport Spaces Total: 0
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Washer, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 07-17-2024
  • Garage Rental Rate: 250
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,495.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,740.00
  • Unit Actual Rent: $5,481.00
  • Unit Projected Rent: $5,790.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,245.00
  • Unit Actual Rent: $4,490.00
  • Unit Projected Rent: $4,790.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $984,280.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $1,968,562.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $2,952,842.00

Property History for 1330 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1330 10th Street

Taxable ValueLand$2,007,933Additions$1,003,965Total$3,011,898
Tax Record2024$36,306 ($3,026 / month)
Home Facts
Total Finished SqFt2,997 SqFtAbove Grade Finished SqFt2,997 SqFtLot Size7,511 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningSMR3*CountyLOS ANGELESAPN4282-011-008

Schools near 1330 10th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1330 10th Street is a multi-family home for sale in Santa Monica, CA 90401. This property was listed for sale on July 15, 2024 by LA Commercial, it's currently listed at $2,695,000. It has been on the market for a total of 168 days and was last sold on September 8, 2017. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Roosevelt Elementary School, Lincoln Middle School and Santa Monica High School. 1330 10th Street is a 5-bed, 7-bath, 4,454 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LA Commercial, Peter Ciriello, DRE #01418188; KW Advisors, Kelly Morgan, DRE #01898026

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the 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. For the avoidance of doubt, 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.