Multifamily Property with Front
For Sale
$2,745,000
1815 N 10th St, Santa Monica, CA 90404
The front residence has six bedrooms and four bathrooms.
Property Size5,355 SF
Price / SF$512.61
Days on Market293
Property Features for 1815 N 10th St
General Information
Standard status
Active
Size
5,355 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Pico
Building Details
Building Size
5,355 SF
Year Built
1905
Listing Agency:
Christie's International Real Estate AKG
Listed By:
Don Heller Group
(424) 265-4941
Source:
Donhellergroup
Added: Jan 8
Changed: Oct 27
Last Checked: Oct 27 at 4:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christie's International Real Estate AKG
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Investment Insights
Based on property information with market context.
A front house is part of this multifamily property, with six bedrooms and four bathrooms. The property was built in 1905.
Key Highlights
- Front house with 6 bedrooms and 4 bathrooms
- Year built: 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,166
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,320
$1.7M
Cap Rate 7%
$1,230,943
$1.2M
Cap Rate 9%
$957,400
$957.4K
Market Conditions
NOI Build-Up for 5,355 SF
Gross rent
$170.3K $31.80/SF
− Vacancy
−$13.6K −$2.54/SF
EGI
$156.7K $29.26/SF
− OpEx
−$70.5K −$13.17/SF
NOI
$86.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,320
Cap Rate 7%
$1,230,943
Cap Rate 9%
$957,400
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,166 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,693 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,540
Businesses Nearby
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Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The front residence has six bedrooms and four bathrooms.
Where is this multifamily property located?
The property is located at 1815 N 10th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,745,000.
What are key features of this property?
This property features: Front house with 6 bedrooms and 4 bathrooms; Year built: 1905
