Multifamily Housing
1245 10th Street Santa Monica, CA 90401
Details & Description
Price: $5,050,000
    Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The property features parking for all units. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans.***CONTACT LISTING AGENT FOR MORE INFORMATION***
    Property ID:    194233
    Property URL: melqr.com/194233
    Generated:    05-04-24
    Listing Agents
    Eric Von Bluecher

    O: 760-929-7846
    M: 858-252-8082
    evb@lee-associates.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    California / Santa Monica / 90401 / 1245 10th Street

    1245 10th Street

    Santa Monica, CA 90401

    1245 10th Street

    Listing ID: 194233
    Print Single-Page Version
    1245 10th Street Santa Monica, CA 90401 | for Sale | Photo 1
    Building Size: 7,512 SF
    Lot Size: 0.170 AC
    Land Size: 7,405 SF
    Building $/SF: $672.26
    Land $/SF: $681.97
    Price
    $5,050,000
    Description

    Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The property features parking for all units. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans.

    ***CONTACT LISTING AGENT FOR MORE INFORMATION***

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Los Angeles History of Multifamily Housing for Sale

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    Santa Monica Area Market Trends

    Listing Demographics for 1245 10th Street Santa Monica, CA 90401

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population39,561189,003418,671
    Population Median Age424039
    Population by Age0-9 Yrs3016 (7%)16402 (8%)35952 (8%)
    10-19 Yrs2048 (5%)13979 (7%)39494 (9%)
    20-29 Yrs7052 (17%)32821 (17%)80356 (19%)
    30-39 Yrs8066 (20%)36235 (19%)75087 (17%)
    40-49 Yrs5687 (14%)26930 (14%)55957 (13%)
    50-59 Yrs4510 (11%)22539 (11%)47383 (11%)
    60-69 Yrs4246 (10%)20025 (10%)41623 (9%)
    70+ Yrs4935 (12%)20072 (10%)42818 (10%)
    Median HH Income$91,701$94,468$90,649
    Total Household Income< 24K3946 (18%)14148 (15%)30059 (16%)
    25-49K2480 (11%)12008 (13%)25935 (13%)
    50-74K2489 (11%)11043 (12%)24343 (12%)
    75-99K2347 (11%)10272 (11%)21693 (11%)
    100-199K6157 (29%)24334 (26%)48974 (26%)
    200K+3547 (16%)18593 (20%)36831 (19%)
    Highest Education LevelNo Diploma1414853119395
    Diploma or GED28781161525421
    Some College44512056646132
    Assoc. Degree1492705115069
    Bachelors Degree1321358574113635
    Higher Degree90834174788807
    Total Housing Units23,96399,831206,226
    --Owner-Occupied4,02529,65965,487
    --Renter-Occupied16,94160,739122,348
    Owner-Occupied Values< 100K225381078
    100-199K8228531
    200-299K17270658
    300-399K32398753
    400-499K1308101958
    500K+38162741560508
    Total Working Age Population35,253163,678364,088
    In Work Force24,751117,554250,142
    Not In Work Force10,50246,125113,946
    Workforce Employed23,239110,581235,413
    Workforce Unemployed1,5126,92714,650
    Civlian Workforce24,751117,508250,062
    Military Workforce04579
    Total Households20,96690,398187,835
    Family Households7,22838,46282,168
    Non-Family Households13,73851,936105,667
    Married Couple5,67829,75763,540
    Other Family1,5498,70618,628
    Married w/Child2,06611,35824,536
    Single Male w/Child2061,2282,332
    Single Female w/Child4392,7195,503

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1245 10th Street in Santa Monica?
    The asking price for 1245 10th Street is $5,050,000
    What is the building size of this Multifamily property in Santa Monica, CA?
    The size of the building/unit at 1245 10th Street in Santa Monica is 7,512 square feet
    How much land does the Santa Monica, CA property at 1245 10th Street include?
    1245 10th Street in Santa Monica includes 0.170 acres of land
    What is the population within 1 mile of 1245 10th Street in Santa Monica?
    The population within 1 mile of 1245 10th Street Santa Monica, CA 90401 is 39,561 people.
    Who do I contact for questions about 1245 10th Street?
    You should contact the listing agent, Eric Von Bluecher, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Los Angeles International Airport (LAX) 7
    John Wayne Airport-Orange County Airport (SNA) 43
    Ontario International Airport (ONT) 51
    Price
    $5,050,000
    Listing Agent
    Eric Von Bluecher - CRE Agent at

    Eric Von Bluecher

    Lee & Associates

    VIEW AGENT PROFILE

    CONTACT AGENT

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