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$3,750,000
Est. payment /mo
10,080 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,080 sqft
Price per Sqft $372
MLS Listing ID CL25535397
HOA Y/N No
Year Built 1974
Lot Size 7,490 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
For more information, see OFFERING MEMORANDUM. 1518 10th Street is an 11 unit apartment building with 10,080 square feet in a great Santa Monica beach location. Asking price per unit at $340,909 and per square foot at $372 is below the average sales comps which have sold at $460,000 per unit and $480 per square foot. This is a real opportunity to add value with lots of square footage, a great unit mix and ample parking. Add even more value to this 11 Unit building with the currently existing vacant non-conforming unit as an ADU.This is an underutilized asset which has been in the same ownership for decades. Soft Story Retrofitting is completed. All Electric building other than gas for Laundry. 10 private balconies and lots of storage. Some units have electric fireplaces. Building is clean and the stairways have been resurfaced. Prime Santa Monica beach location in one of the most high demand and desirable rental areas in California and the United States. Santa Monica is known for our beautiful beaches, shops, restaurants and evolving employment hubs. Home to the Santa Monica Pier, vibrant art community of Bergamont Station with numerous galleries and nightlife. The property is in the world-renowned Silicon beach headquarters of many high profile entertainment and technology corpo
Location
State CA
County Los Angeles
Zoning SMR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 4282029003
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Francyne Lambert • Lambert Investments, Inc.