NOT LISTED FOR SALE

1434 10th St Santa Monica, CA 90401

Pico Neighborhood
19 Beds
19 Baths
8,144 Sq Ft
7,506 Sq Ft Lot

Last Sold July 20, 2021

Last sale price $5,900,000 $724 Per Sq Ft

11 Days on Market

About This Home

As of July 2021

We are proud 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).

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 05/10/2021

Co-Listed By

Sam Liberow

Marcus & Millichap License #01933858

Last Buyer's Agent

Matthew Ziegler

Marcus & Millichap License #01280909

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,506 Sq Ft Lot

Interior Spaces

  • 8,144 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 19 Bathrooms

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4282-026-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Living Area: 8144
  • Lot Acreage: 0.1723
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 19.00
  • Price Per S Q F T: 742.88

Exterior Features

  • Other Structures: Other

Lot Info

  • Assessed Improvement Percent: 34.78
  • Assessed Improvement Value: 1697932
  • Assessed Land Percent: 65.22
  • Assessed Land Value: 3183624
  • Total Assessed Value: 4881556
  • Assessor Parcel Number: 4282-026-006
  • Lot Size Area: 7506

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.13
  • Number Of Units: 10
  • Total Annual Expense: 105249
  • Type Of Units: 10
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2021 07/20/21 Sold $5,900,000 -2.5% $724 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $6,050,000 +31.5% $743 / Sq Ft
07/27/2016 07/27/16 Sold $4,600,000 -1.6% $565 / Sq Ft
07/12/2016 07/12/16 Pending -- -- --
06/21/2016 06/21/16 Price Changed $4,675,000 -6.0% $574 / Sq Ft
06/06/2016 06/06/16 For Sale $4,975,000 -- $611 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2021

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    3 in this area

    103 Total Sales

    Filip Niculete
    Section Image
  • Sam Liberow

    Seller Co-Listing Agent in 2021

    Sam Liberow

    Marcus & Millichap

    (718) 406-3128

    1 in this area

    56 Total Sales

    Sam Liberow
    Section Image

  • M

    Buyer's Agent in 2021

    Matthew Ziegler

    Marcus & Millichap

    Section Image
  • Gary Fox

    Seller's Agent in 2016

    Gary Fox

    Miller & Desatnik Realty Co.

    (310) 202-9166

    21 Total Sales

    Gary Fox
    Section Image
  • Mike Wozniak

    Seller Co-Listing Agent in 2016

    Mike Wozniak

    Miller & Desatnik Realty Co.

    (310) 202-9166

    18 Total Sales

    Mike Wozniak
    Section Image
  • Clifford Rowe

    Buyer's Agent in 2016

    Clifford Rowe

    Compass

    (310) 880-9185

    92 Total Sales

    Clifford Rowe
    Section Image
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Map

Source: The MLS

MLS Number: 21-730098

The MLS
California Los Angeles County Santa Monica 90401 Pico

1434 10th St, Santa Monica, CA

This home is located at 1434 10th St, Santa Monica, CA 90401 since 10 May 2021. This property was built in 1958. 1434 10th St is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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