Perfect Owner User Opportunity | 1330 10th St
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Perfect Owner User Opportunity 1330 10th St
5 Unit Block of Flats £2,110,993 (£422,199/Unit) 5% Net Initial Yield Santa Monica, CA 90401
Investment Highlights
- Owner-User Opportunity: The vacant 3-bedroom, 3-bathroom front unit is perfect for an owner-user, offering the flexibility to live in a spacious 2-bed
- Modern Upgrades: Property features 100% copper piping, an updated electrical panel, a shared laundry room, four enclosed garages, and beautifully main
- Spacious Units: All units are generously sized and include hardwood floors, separate entrances, and tasteful finishes.
- Prime Santa Monica Location: Moments from the Santa Monica Pier, Venice Beach, and the vibrant local lifestyle.
- Upside Potential: Current 5.00% cap rate and 13.06 GRM with potential to achieve 5.48% cap rate and 12.27 GRM.
Executive Summary
5-Unit Multifamily Investment Opportunity in Prime Santa Monica
This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area’s stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM.
Property Highlights
• Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy. It offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios.
• Studio Unit: Includes a large private deck, ideal for added comfort and outdoor enjoyment.
• Rear Units: Two well-sized 1-bedroom, 1-bath units (600 SF each) and one Bachelor unit.
• Additional Amenities: A shared laundry room, four enclosed garages, and beautifully maintained grounds.
All units boast separate entrances, hardwood floors, and tasteful finishes throughout. The property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit.
This is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of
Santa Monica.
***CONTACT US FOR AN OM***
This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area’s stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM.
Property Highlights
• Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy. It offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios.
• Studio Unit: Includes a large private deck, ideal for added comfort and outdoor enjoyment.
• Rear Units: Two well-sized 1-bedroom, 1-bath units (600 SF each) and one Bachelor unit.
• Additional Amenities: A shared laundry room, four enclosed garages, and beautifully maintained grounds.
All units boast separate entrances, hardwood floors, and tasteful finishes throughout. The property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit.
This is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of
Santa Monica.
***CONTACT US FOR AN OM***
Property Facts
| Price | £2,110,993 | Apartment Style | Low Rise |
| Price Per Unit | £422,199 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 5% | Building Size | 4,363 SF |
| Gross Rent Multiplier | 13.06 | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Price | £2,110,993 |
| Price Per Unit | £422,199 |
| Sale Type | Investment |
| Net Initial Yield | 5% |
| Gross Rent Multiplier | 13.06 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,363 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1948 |
| Parking Ratio | 0.92/1,000 SF |
Unit Amenities
- Air Conditioning
- Wooden Floors
- Breakfast Nook
- Deck
- Patio
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
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Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 4282-011-008 | Improvements Assessment | £786,406 |
| Land Assessment | £1,572,814 | Total Assessment | £2,359,220 |
PROPERTY TAXES
Parcel Number
4282-011-008
Land Assessment
£1,572,814
Improvements Assessment
£786,406
Total Assessment
£2,359,220
zoning
| Zoning Code | R3, Santa Monica |
| R3, Santa Monica |
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Perfect Owner User Opportunity | 1330 10th St
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