1846 10TH Street

    Santa Monica, CA 90404
    • $4,499,000
    • STATUS: Active
    • ON SITE: 207 days
    • ID#: 19447410
    UPDATED: 9 min ago
    $4,499,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,076
      SQFT
    • $496
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Many units have been remodeled and have Washer & Dryers. There is an existing assumable loan of approximately $1,950,000 fixed at 3.29% with monthly payments of $9,183.31 until 4/1/2021, 6-month LIBOR + 2.25 adjustable thereafter with a lifetime interest cap rate of 9.5%. Monthly garage/laundry income is about $225. Cap rate at projected rents is 5.4% and current Cap rate is 3.8%. Buyer must cooperate with Seller in a 1031 tax exchange at no cost or liability to Buyer. Inside units with accepted offer.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/92996215

    1846 10TH Street Santa Monica, CA 90404

    • Price: $4,499,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: 19447410
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    9,076
    SQFT
    $496
    $/SQFT
    1958
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Many units have been remodeled and have Washer & Dryers. There is an existing assumable loan of approximately $1,950,000 fixed at 3.29% with monthly payments of $9,183.31 until 4/1/2021, 6-month LIBOR + 2.25 adjustable thereafter with a lifetime interest cap rate of 9.5%. Monthly garage/laundry income is about $225. Cap rate at projected rents is 5.4% and current Cap rate is 3.8%. Buyer must cooperate with Seller in a 1031 tax exchange at no cost or liability to Buyer. Inside units with accepted offer.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Appliances Disposal Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Cap Rate 3.90 Garage Income 900.00 Gross Multiplier 16.36 Gross Operating Income 274903.00 Improvements Amount 1732980 Land Value 2550000 Laundry Income 1800.00 Net Operating Income 174903.00 Special Listing Conditions Standard Total Expenses 91752.00 Zoning Smr2*

    Listing provided courtesy of Marios Savvides of Marios C Savvides


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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