Property Detail

1824 10th

Santa Monica CA 90404

$2,700,000

Status: Active

Property Details

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!!!

Map Location

Listing provided courtesy of Christopher Newell of Berkshire Hathaway HomeServices California Properties. Last updated 2025-11-02 08:11:38.000000. Listing information © 2025 CRMLS.

John Collins

John Collins

DRE# 01948188
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