For Sale | 5-Unit Multi-Family Property in Santa Monica

Highlights:

• Small charming building
• Value-add opportunity to convert to condominiums or redevelop into a larger multifamily project (potential for up to 10 units with affordable housing component)
• Opportunity to create ADUs in covered garages
• Easy access to transit options including 10 Freeway
• Walkable amenities including restaurants and 10 blocks from the beach
• Blocks from Lincoln Middle School and St. Monica
• Owner-user opportunity in Unit #2

Description:

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 1031–1033 10th Street, a charming five-unit multifamily property located in the heart of Santa Monica's highly coveted North of Wilshire neighborhood—just 10 blocks from the beach and the bluff-top beauty of Palisades Park.

This well-positioned property offers a rare blend of seaside tranquility and urban convenience. Built circa 1950, the bungalow-style complex comprises approximately 3,900 square feet of rentable space on a 7,503-square-foot lot. The property is nestled in the prestigious Wilshire-Montana area—renowned for its high-income residential character, strong rental demand, and exceptional walkability.

Residents enjoy close proximity to Montana Avenue, a vibrant corridor lined with upscale boutiques, sidewalk cafés, and chef-driven restaurants. The location is also near top-rated Santa Monica schools, including St. Monica Catholic School and Lincoln Middle School, making it highly attractive to families seeking a neighborhood with both community charm and educational opportunities.

With its easy access to Santa Monica Boulevard, the coastal lifestyle, and the broader Westside, this property benefits from a combination of long-term investment security and owner-user potential. Whether enjoyed for its fresh ocean air, its beautiful natural surroundings, or its highly desirable North of Wilshire address, 1031–1033 10th Street represents a compelling opportunity in one of Southern California’s most stable and sought-after rental markets.

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