1868 10th Street

Santa Monica, CA 90404

$3,695,000
Price
14
Beds
8
Baths
6,004 Sq. Ft.
$615 / Sq. Ft.
6,004
Sq. Ft.
$615
per Sq. Ft.

Description

Invest in a large two story six units well maintained building, currently with tremendous cash flow , 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine street restaurants & shops. The property includes 2( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 of the units have inside owner's stackable washer & dryer and A/C- wall units. The building also features an additional community laundry room. 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property...Invest in a large two story six units well maintained building, currently with tremendous cash flow , 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine street restaurants & shops. The property includes 2( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 of the units have inside owner's stackable washer & dryer and A/C- wall units. The building also features an additional community laundry room. 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property is fully tenant occupied, all tenants are current. Inside entry with an accepted offer, DO NOT DISTURB TENANTS. One unit well below market rent/ major future rent increase potential. Rent roll in attached documents. Space to build ADUS above carports and increase the property cash flow. Make an offer! Call agent for more info.
  1. Listed by Marc Chorin • DRE #01143383 • Brokerage DRE #00858724 • Rodeo Realty - Pacific Palisades

Property Details for 1868 10th Street

Zoning
SMR2*
Parcel Number
4283022014
Total Units
6.0
Living Area
6004
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
7493

Location

Listing Courtesy of Rodeo Realty - Pacific Palisades, Marc Chorin, DRE #01143383
Add your commute
LISTING UPDATED: 04/04/2024 03:32 PM

Property Details for 1868 10th Street

StatusActive
MLS #24-369337
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.17 AC / 7,493 SF
CountyLos Angeles County

Location

Listing Courtesy of Rodeo Realty - Pacific Palisades, Marc Chorin, DRE #01143383
Add your commute

Building Information for 1868 10th Street

Stories-Residences-Year Built1959Building Size-Lot Size0.17 AC / 7,493 SF

Payment Calculator

$22,306 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,165

Property Taxes

$2,141

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1868 10th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 6
  • Type Of Units: RESIDENTIAL
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $250,860
  • Net Operating Income: $.00
  • Gross Income: $250,860
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $14.72
  • Actual Annual Gross Rent: $250,296.00
  • Actual Gross Annual Income: $250,256
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.172
  • Lot Size Square Feet: 7493
  • Lot Description: Fenced
Parking Details
Parking Details
  • Parking Garage: Assigned, Above Street Level, Carport Detached
  • Total Parking: 9
  • Covered Parking: 5
  • Open Other Spaces Total: 4
  • Carport Spaces Total: 5
  • Parking Features: Assigned, Driveway Down Slope From Street, Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Ceiling Fan, Air Conditioning, Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Dishwasher, Refrigerator, Range/Oven, Washer, Dryer
  • Interior Features: 2 Staircases, Common Walls
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,795.00
  • Unit Actual Rent: $4,795.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 6
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,700.00
  • Unit Actual Rent: $3,700.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $618,584.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,443,366.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $2,061,950.00

Property History for 1868 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 1868 10th Street

Taxable ValueLand$1,443,366Additions$618,584Total$2,061,950
Tax Record2023$25,690 ($2,141 / month)
Home Facts
Total Finished SqFt6,004 SqFtAbove Grade Finished SqFt6,004 SqFtLot Size7,491 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningSMR2*CountyLOS ANGELESAPN4283-022-014

Schools near 1868 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 - 9 to 12
Rating
School
Distance
Will Rogers Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

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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1868 10th Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on March 14, 2024 by Rodeo Realty - Pacific Palisades, it's currently listed at $3,695,000. It has been on the market for a total of 46 days and was last sold on July 24, 2013. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Will Rogers Elementary School, John Adams Middle School and Santa Monica High School. 1868 10th Street is a 14-bed, 8-bath, 6,004 sqft multi-family home built in 1959.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rodeo Realty - Pacific Palisades, Marc Chorin, DRE #01143383

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.