1518 10th Street
1518 10th Street
$4,175,000
17
18
10,080
10,080
$414
Description
1518 10th Street is an 11 unit apartment building with 10,080 square feet in a great Santa Monica beach location. Asking price per unit at $379,545 and per square foot at $414 is below the average sales comps which have sold at $465,440 per unit and $569 per square foot. This is a real opportunity to add value with lots of square footage, a great unit mix and ample parking. Add even more value to this 11 Unit building with the currently existing vacant non-conforming unit as an ADU. This is an underutilized...1518 10th Street is an 11 unit apartment building with 10,080 square feet in a great Santa Monica beach location. Asking price per unit at $379,545 and per square foot at $414 is below the average sales comps which have sold at $465,440 per unit and $569 per square foot. This is a real opportunity to add value with lots of square footage, a great unit mix and ample parking. Add even more value to this 11 Unit building with the currently existing vacant non-conforming unit as an ADU. This is an underutilized asset which has been in the same ownership for decades. Soft Story Retrofitting is completed. All Electric building other than gas for Laundry.10 private balconies and lots of storage. Some units have electric fireplaces. Building is clean and the stairways have been resurfaced. Prime Santa Monica beach location in one of the most high demand and desirable rental areas in California and the United States. Santa Monica is known for our beautiful beaches, shops, restaurants and evolving employment hubs. Home to the Santa Monica Pier, vibrant art community of Bergamont Station with numerous galleries and nightlife. The property is in the world-renowned Silicon beach headquarters of many high profile entertainment and technology corporate firms. Located in the desirable Santa Monica Unified School District and close to Santa Monica College. Centrally situated between Santa Monica's happening office parks. Close proximity to the new Metro Station and within a short train ride to many destinations. Santa Monica continues to be a growing vibrant diverse economy. Close to neighboring communities of Prime West Los Angeles, Brentwood, Westwood, Pacific Palisades, Marina Del Rey, Venice Beach, Playa Del Rey and Playa Vista. Please do not disturb tenants.
- Listed by Francyne Lambert • DRE #00827267 • Brokerage DRE #00860625 • Lambert Investments, Inc.
Property Details for 1518 10th Street
Zoning
SMR3*
Parcel Number4282029003
Total Units11.0
Living Area10080
Source Living AreaTitle Company
AreaSanta Monica (C14)
Vacancy Rate1
Lot Size Area7490
Location
LISTING UPDATED: 04/05/2024 02:54 PM
Property Details for 1518 10th Street
Status | Active |
---|---|
MLS # | 23-329815 |
Days on Market | 166 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1974 |
Lot Size | 0.17 AC / 7,490 SF |
County | Los Angeles County |
Location
Building Information for 1518 10th Street
Stories2Residences-Year Built1974Building Size-Lot Size0.17 AC / 7,490 SF
Payment Calculator
$23,991 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1518 10th Street
Property History for 1518 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 1518 10th Street
Taxable ValueLand$469,627Additions$594,866Total$1,064,493
Tax Record2023$14,470 ($1,206 / month)
Home Facts
Total Finished SqFt10,080 SqFtAbove Grade Finished SqFt10,080 SqFtLot Size7,490 SqFtStyleMulti-Family Res (5+ Units)Year Built1974ZoningSMR3*CountyLOS ANGELESAPN4282-029-003
Schools near 1518 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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