Cottage

1824 10th Street

Santa Monica , CA 90404

MLS#: 25612851

$2,700,000

Status: Active
Listing number: 25612851
Listing provided by: Berkshire Hathaway HomeServices California Properties
Listing agent phone: None
Last update: 3 days ago
On site: 11 days ago
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Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1952

Sq.Footage

3,225

5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT make this a Gem for owners and renters alike. In a sea of box like rental units the discerning buyer and renter will choose this property every time!... Newly offered at a 5.5% Cap rate and 12.88GRM, this turn-key 6-unit is an exceptional value for the investor that wants a stand out product in a desirable market. Expertly managed and maintained inside and out with upgraded interiors and curated exteriors; the current owners have ensured ease of ownership. A fully permitted ADU has been added to the property so to further capture high area rents. This is a most attractive asset for todays post Covid renters who are willing to pay a premium for modern conveniences with quiet, private and light filled outdoor space. Due to its unique appeal this property should continue to provide stable returns for its lucky new owner!!!

Features & Amenities

Interior

  • Other Interior Features

    Beamed Ceilings, Ceiling Fan(s), Cathedral Ceiling(s)

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Assigned, Driveway, Permit Required, Shared Driveway

  • Patio and Porch Features

    Deck

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.1721

  • Property Type

    Residential Income

  • Architectural Style

    Cottage

Price

  • Sales Price

    $2,700,000

  • Sq. Footage

    3, 225

  • Price/SqFt

    $837

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Christopher Newell , Berkshire Hathaway HomeServices California Properties

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5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT make this a Gem for owners and renters alike. In a sea of box like rental units the discerning buyer and renter will choose this property every time!... Newly offered at a 5.5% Cap rate and 12.88GRM, this turn-key 6-unit is an exceptional value for the investor that wants a stand out product in a desirable market. Expertly managed and maintained inside and out with upgraded interiors and curated exteriors; the current owners have ensured ease of ownership. A fully permitted ADU has been added to the property so to further capture high area rents. This is a most attractive asset for todays post Covid renters who are willing to pay a premium for modern conveniences with quiet, private and light filled outdoor space. Due to its unique appeal this property should continue to provide stable returns for its lucky new owner!!!

1824 10th Street

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