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1824 10th Street

Santa Monica, CA 90404
  • $2,700,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 25612851
UPDATED: 39 min ago
$2,700,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,225
    SQFT
  • $837
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Listing Agent(s): Christopher Newell of Berkshire Hathaway HomeServices California Properties (310-207-7080)


Description

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!!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-13T20:36:48.75. 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 Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169397929
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1824 10th Street Santa Monica, CA 90404

  • Price: $2,700,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 39 min ago
  • ID#: 25612851
5
Beds
0
Baths
0
½ Baths
0.17
Acres
3,225
SQFT
$837
$/SQFT
1952
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
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!!!
Exterior Features

Architectural Style Cottage Direction Faces East Number Of Separate Electric Meters 6 Parking Features AssignedDrivewayPermit RequiredShared Driveway Parking Total 5 Patio And Porch Features Deck Property Attached YN No View None View YN No

Interior Features

Appliances DishwasherGas RangeMicrowaveOvenRangeRefrigeratorRange HoodDryerWasher Common Walls No Common Walls Door Features French Doors Heating Electric Heating YN Yes Interior Features Beamed CeilingsCeiling Fan(s)Cathedral Ceiling(s)

Property Features

Additional Parcels YN No Association YN No Cap Rate 5.51 Gross Income 2628 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 148755 New Construction YN No Number Of Separate Water Meters 0 Number Of Units Leased 6 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasOther Vacancy Allowance 4194 Zoning SMR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-13T20:36:48.75. 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 Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Christopher Newell of Berkshire Hathaway HomeServices California Properties (310-207-7080)