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1518 10th St
Santa Monica, CA 90401 Pico

Price Upon Request

Apartments For Sale  •  10,080 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,080 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1974
  • Zoning R3
76 Transit Score
88 Walk Score

Highlights

SEE OFFERING MEMORANDUM FOR RENTAL/FINANCIAL INFO.
11 unit apartment building with 10,080 square feet.
Prime Santa Monica beach location.
Great unit mix. Ample parking. 10 balconies. Lots of storage. Clean building.
Excellent Price. $340,909/Unit and $372/SQFT is below average sales at $460,000/Unit, $480/SQFT.
Add even more value to this 11 Unit building with the currently existing vacant non-conforming unit as an ADU.

Financial Summary (Actual)

Net Operating Income: $186,489 USD (2024)
Total Expenses: $92,139 USD

Amenities

  • 24 Hour Access
  • Balcony
  • Laundry Facilities
  • Security System
  • Storage Space
  • Heating
  • Refrigerator
  • Range
  • Walk-Up
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.5 mi
17 St/ SMC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 11 min 0.6 mi
AirportDriveWalkDistance
Los Angeles International 18 min - 8.7 mi
Bob Hope 33 min - 22.5 mi
Long Beach (Daugherty Field) 38 min - 28.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: AttachedGarage
Included in Rent: Yes