1846 10Th St, Santa Monica, CA 90404

Property Description

We are pleased to present these excellently located 10 units located at 1846 10th Street, in Santa Monica, California. Built in 1958 the asset sits on 11,990 square feet of land with 9,076 square feet of rentable area and boasts a great unit mix of all 2 Bed/1 Bath units. About half of the units have their own washer and dryer in unit, there is common area laundry on site. With an average unit size of over 900 SqFt, this property is beautifully designed with all the units wrapping around a center courtyard. Tenants have access to the property from both 10th St and an alleyway behind the building. Furthermore, the property offers its tenants ample parking with on site garage and surface parking, and then plenty of additional permitted parking on 10th street. A huge benefit to the Buyer is that the Seller has already paid for and completed the mandatory soft story seismic retrofitting work. With today's attractive interest rates, a qualified Buyer would only need about 40% down payment.