941 10TH Street

    Santa Monica, CA 90403
    • $5,500,000
    • STATUS: Active
    • ON SITE: 334 days
    • ID#: 18407784
    UPDATED: 57 min ago
    $5,500,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,738
      SQFT
    • $629
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    33% VACANT BUILDING Great Unit mix. TWO OF FIVE TOWNHOMES AND ONE STUDIO UNIT TO BE DELIVERED VACANT. Building mix is Five Townhome Style units, two two bedroom front units and two studio units. Prime Santa Monica Location. North of Wilshire. 9 Units great mix. Two front units (2BD + 1.75 BTH) with private garden for lower unit. Five townhouse style units (2 BD + 1.5BTH) all with an upper and lower balconies and Two studio units. Many units have been upgraded with new kitchens and hardwood floors. Large bright units with desirable floorplans. 11 subterranean parking spaces and onsite laundry for added income. ll units separately metered for electric and gas. New roof installed in 2017. Located 10 blocks from the beach, convenient to shops and restaurants on Montana Avenue and Wilshire. Pride of Ownership building.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/89426535

    941 10TH Street Santa Monica, CA 90403

    • Price: $5,500,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 18407784
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,738
    SQFT
    $629
    $/SQFT
    1965
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    33% VACANT BUILDING Great Unit mix. TWO OF FIVE TOWNHOMES AND ONE STUDIO UNIT TO BE DELIVERED VACANT. Building mix is Five Townhome Style units, two two bedroom front units and two studio units. Prime Santa Monica Location. North of Wilshire. 9 Units great mix. Two front units (2BD + 1.75 BTH) with private garden for lower unit. Five townhouse style units (2 BD + 1.5BTH) all with an upper and lower balconies and Two studio units. Many units have been upgraded with new kitchens and hardwood floors. Large bright units with desirable floorplans. 11 subterranean parking spaces and onsite laundry for added income. ll units separately metered for electric and gas. New roof installed in 2017. Located 10 blocks from the beach, convenient to shops and restaurants on Montana Avenue and Wilshire. Pride of Ownership building.
    Exterior Features

    Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Cap Rate 4.11 Electric Expense 788.00 Fuel Expense 1667.00 Garage Income 2280.00 Gross Income 25748.00 Gross Multiplier 17.74 Gross Operating Income 310000.00 Improvements Amount 875388 Insurance Expense 2594.00 Land Value 3177832 Laundry Income 2160.00 Laundry YN Yes Maintenance Expense 3120.00 Net Operating Income 226668.00 Special Listing Conditions Standard Supplies Expense 584.00 Total Expenses 84052.00 Water Sewer Expense 4290.00 Zoning Smr2*

    Listing provided courtesy of Michael Berlin of Keller Williams Inglewood


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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