Marc Lyman
Pacific Sotheby's International Realty
Phone: 619-363-3000
Phone:
1111 Prospect St Suite 100, La Jolla, CA 92037
Fax:

MLS# SB25072490 – 1332 10th Street, Santa Monica, CA 90401

$2,675,000 - 5Br/0Ba - for Sale in Santa Monica
Price: $2,675,000
Beds: 5
Baths: 0
Living Area SqFt: 4,454
Status: Active
Property Type: Detached
Year Built: 1948
Days on Website: 100

Courtesy of Lyon Stahl Investment Real Estate, Inc.

Property Description

** SELLER FINANCING AVAILABLE. CRAFTSMAN HOME + 4 UNITS** A rare opportunity to own a remodeled 5-unit property in the heart of Santa Monica. This 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. R3 lot, offering excellent ADU potential and future development opportunities. The front house is a 2-bed/2-bath Craftsman home, which is vacant and ready for an owner-user or new tenant. It features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. Attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. The property’s charming garden-style design enhances its curb appeal. The rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. The building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. Additionally, there are four garages, two of which are separately rented, generating extra income. The property boasts a current cap rate of 5.05% and a GRM 13.14, making it a highly attractive investment. With a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of Santa Monica’s most sought-after neighborhoods.

Open House

Property Details and Features

  • Bedrooms
  • 5 total bedrooms
  • Building
  • Built in 1948
  • Building area total: 4454
  • Living area: 4454
  • Listing
  • Listing ID: SB25072490
  • List price: $2,675,000
  • 105 days on market
  • Listing contract date: 2025-04-03
  • Lot
  • Size area: 0.1725
  • Property
  • Property subtype: Detached
  • Property type: Residential

Property Map

$2,675,000 – 1332 10th Street, Santa Monica, CA 90401

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