About 1518 10th St
1518 10th Street is an 11 unit apartment building with 10,080 square feet in a great Santa Monica beach location. Asking price per unit at $379,545 and per square foot at $414 is below the average sales comps which have sold at $465,440 per unit and $569 per square foot. This is a real opportunity to add value with lots of square footage, a great unit mix and ample parking. Add even more value to this 11 Unit building with the currently existing vacant non-conforming unit as an ADU. This is an underutilized asset which has been in the same ownership for decades. Soft Story Retrofitting is completed. All Electric building other than gas for Laundry.10 private balconies and lots of storage. Some units have electric fireplaces. Building is clean and the stairways have been resurfaced. Prime Santa Monica beach location in one of the most high demand and desirable rental areas in California and the United States. Santa Monica is known for our beautiful beaches, shops, restaurants and evolving employment hubs. Home to the Santa Monica Pier, vibrant art community of Bergamont Station with numerous galleries and nightlife. The property is in the world-renowned Silicon beach headquarters of many high profile entertainment and technology corporate firms. Located in the desirable Santa Monica Unified School District and close to Santa Monica College. Centrally situated between Santa Monica's happening office parks. Close proximity to the new Metro Station and within a short train ride to many destinations. Santa Monica continues to be a growing vibrant diverse economy. Close to neighboring communities of Prime West Los Angeles, Brentwood, Westwood, Pacific Palisades, Marina Del Rey, Venice Beach, Playa Del Rey and Playa Vista. Please do not disturb tenants.
Features of 1518 10th St
| MLS® # | 23-329815 |
|---|---|
| Price | $4,175,000 |
| Bedrooms | 17 |
| Bathrooms | 18.00 |
| Square Footage | 10,080 |
| Acres | 0.17 |
| Year Built | 1974 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 1518 10th St |
|---|---|
| Area | Santa Monica |
| City | SANTA MONICA |
| County | Los Angeles |
| State | CA |
| Zip Code | 90401 |
Amenities
| Parking Spaces | 17 |
|---|---|
| Garages | Subterranean, Tandem |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | November 7th, 2023 |
|---|---|
| Days on Market | 186 |
| Zoning | SMR3* |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Francyne Lambert (00827267) |
|---|---|
| Office | Lambert Investments, Inc. |