This well-maintained 2-story, 11-unit garden-style apt bldg is a great investment. Most units have been renovated or remodeled, and there have been many recent building improvements. There are 8 1+1's & 3 2+1's, all with guest & linen closets + storage cabinets above the wardrobe closet. One of the 2+1's has a private patio. The rents on the 1+1's range from $722.42 - $2,495, and the 2+1's from $882.42 - 2,865.42. They are individually metered for gas & electricity, with the landlord paying for water & trash. Proforma projected rents are low for those currently achieved in the area. Therefore, the upside should be at least $106,951.68 annually (43.91%). The washer & dryer are owned. The washer & dryer are owned + there's potential additional income by renting the two private garages separately from the units they're currently leased with. It's a prime location with a Walk Score of 92 - Fine dining, shopping & entertainment are nearby.
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JAY HOFSTADTER, License# 00634746,
JAY L. HOFSTADTER
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1245 10th St, Santa Monica, CA 90401 is a 14 bedroom property for sale.
This Santa Monica, CA Multi-Family home
has a lot size of 7,517 Sq. Ft. and
has been on ZipRealty.com for 72 days.
1245 10th St
was built in 1960 and
is currently listed for $5,099,000.
The 1245 10th St Santa Monica, CA 90401 listing is provided courtesy of JAY L. HOFSTADTER.
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