1846 10 Th St Santa Monica, CA 90404

$4,499,000
Santa Monica, CA   90404
0 Beds, 0.0 Baths, 0 sq ft, 11,990 sq ft lot, Built in 1958
1846 10 Th St, Santa Monica, CA 90404 Photo 0
1846 10 Th St, Santa Monica, CA 90404 Photo 1
1846 10 Th St, Santa Monica, CA 90404 Photo 2
1846 10 Th St, Santa Monica, CA 90404 Photo 3
1846 10 Th St, Santa Monica, CA 90404 Photo 4
1846 10 Th St, Santa Monica, CA 90404 Photo 5
1846 10 Th St, Santa Monica, CA 90404 Photo 6
0 Beds,
0.0 Baths,
0 sq ft,
11,990 sq ft lot
Built in 1958

Description

MLS# 19447410

Many units have been remodeled and have Washer & Dryers. There is an existing assumable loan of approximately $1,970,000 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. Listed by Marios Savvides, Marios C Savvides.

Description

MLS# 19447410

Many units have been remodeled and have Washer & Dryers. There is an existing assumable loan of approximately $1,970,000 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. Listed by Marios Savvides, Marios C Savvides.

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    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
COOLING: None
Interior Features
APPLIANCES: Garbage Disposal
Community
UNITS TOTAL: 10
STORIES TOTAL: 2
Land
ZONE: SMR2*
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