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1846 10TH ST Santa Monica, CA 90404
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Key Details
Sold Price $4,116,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19447410
Sold Date 10/30/19
HOA Y/N No
Year Built 1958
Lot Size 0.280 Acres
Acres 0.28
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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Cooling None
Fireplace No
Appliance Disposal
Exterior
Garage Other
Parking Type Other
Building
Story 2
Others
Tax ID 4283022010
Special Listing Condition Standard
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Bought with Leo Nordine • Nordine Realtors, Inc.
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