2519 10th St, Santa Monica, CA 90405

Property Description

Exceptional opportunity to purchase this ideally located fourplex in the Sunset Park neighborhood of Santa Monica less than a mile to the beach. Two units are now vacant and will be delivered vacant giving the buyer the rare opportunity to rent at market rates. One unit was just vacated and would need some freshening up if not renovated. The 2 bedroom unit over the garage has privacy as no one is below the unit and this unit offers a clean slate for someone to update. There are two double car garages offering one parking space per unit. One double garage is currently setup as an owner's workshop. Nice quiet side street leads to a residential neighborhood. The front three units have a rear door with a small utility room with wash sink. All units have space for stacked washer and dryer. The middle two units each have a nice size rear patio and the front unit has a fenced side yard and small rear patio. All the amenities of this iconic SoCal location are available within minutes. Dining and shopping at Third Street Promenade is just north off of Lincoln Blvd. Property is subject to Santa Monica Rent Control. Plans for the required Soft Story Retrofit have been submitted for approval. If final plans become available they will be provided to the buyer. It appears that the city has extended the retrofit completion from July 2024 to July, 2026.