Craftsman Home with 4 Units in Prime Santa Monica Location
Rare opportunity to own a remodeled 5-unit property with ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, while the rear includes four units with potential for extra income. Excellent condition, seismic retrofitting completed, and a highly attractive investment.
- Price
- $2,675,000
- Bed
- 5
- Bath
- 0
- Sq ft
- 4,454
1332 10th St Santa Monica, CA 90401
Listing Courtesy Of: Lyon Stahl Investment Real Estate, Inc., Samimi, Cameron, 02035763
MLS #: SB25072490MR
Property Type: Single Family
Year Built: 1948
Status: Active
City: Santa Monica
Days on Market: 19
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 0
Cooling
- See Remarks
Fireplace
- Living Room
- Other
Laundry
- Dryer
- Dryer Included
- Washer
- Washer Included
Parking
- Garage: 1 Car
What's Special About This Home
This stunning Craftsman home is a rare find in the heart of Santa Monica.
With a spacious 7,510 sqft.
R3 lot, this 4,454 sqft building offers excellent ADU potential and future development opportunities.
The front house is a 2-bed/2-bath gem, featuring 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 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 adds to its curb appeal.
The rear of the property boasts four units: two 1-bed/1-bath (one currently vacant) and two studios, one including a private deck for maximum rental income potential.
The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing.
It also features four garages, two of which are separately rented for extra income.
With a current cap rate of 5.05%, GRM of 13.14, desirable unit mix, prime location, and potential for additional development, this property is a phenomenal opportunity for investment or for living in one of Santa Monica's most sought-after neighborhoods.