34.021421 -118.490486 0
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Listed by Lyon Stahl Investment Real Estate, Inc., David Messiah.

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1332 10th STSanta Monica, CA 90401

Active
$2,675,000
5
7
4,454 SqFt

** SELLER FINANCING AVAILABLE. CRAFTSMAN HOME + 4 UNITS** A rare opportunity to own a remodeled 5-unit property in the heart of Santa Monica. This 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. R3 lot, offering excellent ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, which is vacant and ready for an owner-user or new tenant. It features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. Attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. The property's charming garden-style design enhances its curb appeal. The rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. Additionally, there are four garages, two of which are separately rented, generating extra income and two of which are vacant. The property boasts a current cap rate of 5.29% and a GRM 12.69, making it a highly attractive investment. With a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of Santa Monica's most sought-after neighborhoods.


FACTS & FEATURES

  • Property Type:
    Residential Income
  • Architectural Style:
  • Bedrooms:
    5
  • Bathrooms:
    7
  • Dwelling Size:
    4,454 SqFt
  • Lot Size:
    0.17 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1948
  • Interior Features:
  • Exterior Features:
  • Parking:

    Garage or Parking Spaces:
    Features: Garage - Single Door
  • Area:
    C14 - Santa Monica
  • Views:
  • Schools:
  • HOA:
  • Senior Community:
    False
  • Heating:
  • Cooling:
  • Appliances:
    Dishwasher, Refrigerator
  • Fireplace:
    Fireplace(s):
    Features:
  • Accessibility:
  • Security Features:
  • Foundation:
  • Roof:

LOCATION


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Listing Office: Lyon Stahl Investment Real Estate, Inc.. Listing Agent: David Messiah. Listing ID: 25506801

Last Updated April 9, 2025 9:52 AM
Data last checked against CRMLS on May 6, 2025 9:55 AM

Based on information from California Regional Multiple Listing Service, Inc. as of May 6, 2025 9:55 AM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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