1245 10th Street
1245 10th Street
$4,718,000
—
7,512
7,512
$628
Closed 4/19/21
Description
Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The...Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The property features parking for all units. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans.
- Listed by Eric von Bluecher • DRE #01926201 • Brokerage DRE #01096996 • Lee & Associates
Property Details for 1245 10th Street
Parking Spaces Total
0
Private PoolNo
Total Units11.0
Building TypeAttached
Living Area7512
Assessor Parcel Number4282-007-015
Property Attached YNtrue
Common Walls2+ Common Walls
Location
LISTING UPDATED: 04/19/2021 11:13 AM
Property Details for 1245 10th Street
Status | Closed |
---|---|
MLS # | NDP2100208 |
Days on Market | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.17 AC / 7,517 SF |
County | Los Angeles County |
Location
Building Information for 1245 10th Street
Stories-Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,517 SF
Payment Calculator
$30,645 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1245 10th Street
Property History for 1245 10th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1245 10th Street
Taxable ValueLand$2,827,807Additions$2,081,700Total$4,909,507
Tax Record2023$58,761 ($4,897 / month)
Home Facts
Total Finished SqFt7,512 SqFtAbove Grade Finished SqFt7,512 SqFtStories1Lot Size7,517 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningSMR3*CountyLOS ANGELESAPN4282-007-015
Schools near 1245 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.
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