The LAAA Team and The Liberow Group of Marcus & Millichap have collectively elected to present this 10-unit listing located at 1434 10th Street, situated in the heart of Santa Monica, California. Built in 1958, this 10 Unit apartment building consists of spacious 1 bedroom and 2 bedroom units in a highly desirable Santa Monica location, with proximity of ten blocks to the world renowned beaches of Santa Monica.

This approximately 8,144 square foot, 10-unit multifamily property boasts an attractive unit mix of (4) 2-bed / 2-bath units and (6) 1-bed / 1-bath units, with an average unit size of approximately 800 square feet.

Within the past several years, the seller has expended a significant amount of monies towards over-standard improvements to both the interiors and the exteriors of the property. 9 of the 10 units within the subject property have been fully remodeled and modernized. The 9 remodeled units feature open floor plans with Nest controlled central AC and heating, recessed lighting, upgraded plumbing and windows, and their own in-unit washer and dryer.

This offering presents a substantial opportunity for an investor who desires for easy management to purchase a prime property at an attractive 4.67% cap rate (cap rate assumes that the 4 current vacancies are leased at the estimated rental rates).