MLS® ID: 19-447410
1846 10 Th St
Santa Monica, California, 90404 $4,499,000
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.