Discover the perfect investment opportunity in the heart of Santa Monica with this charming 6-unit property for sale. Current CAP rate of 4.77% with tremendous upside. Don't miss out on this rare chance to own a piece of prime real estate in one of California's most coveted locations. Explore the endless possibilities of this property and make your investment dreams a reality today! Introducing a fantastic opportunity in Santa Monica near Erewhon Market and great dining options on Wilshire Blvd! This 6-unit property features spacious living spaces, with 4 units offering 3 bedrooms each and 2 x 2 bedroom units. Ideal for investors looking to capitalize on high-demand rental units in a prime location. Don't miss out on this incredible investment opportunity!
2702 17th Street, is located in the Sunset Park neighborhood of Santa Monica and is a pride of ownership 4 plex which consists of 3, 1 bedroom, 1 bath units and 1, 2-bedroom 1 bath unit. Each unit has a spacious kitchen, washer dryer hook-ups and access to a small rear yard -patio. Located off the alley are four parking garages. This 2,670 SF property is situated on a large 8,474 corner lot zoned SMR1. This is a value-add opportunity for an investor or owner user. This property will be delivered with one vacant unit with the possibility of a 2nd unit. The building's location is adjacent to "Mini Kinney" with great shops and restaurants such as Local Kitchen & Wine Bar, Thyme Cafe & Market, Brook Rod, Bob's Market, Handel's Ice Cream and Santa Monica Yoga. Value Add Opportunity Possibilities - The separate garage structure with alley access would make an ideal ADU conversion or redeveloped this parcel into a single-family house with ADU.
Courtesy: RE/MAX TOP PRODUCERS
Looking for the perfect investment opportunity in the heart of Santa Monica? Look no further than this stunning 6-unit complex, just 11 blocks from the beach and walking distance to the famous 3rd St. Promenade. Built in 1962, this 6414 square foot complex boasts 6 large, well-maintained units that are sure to impress. Whether you're an investor looking for a turn-key rental property or an owner-occupier seeking a slice of coastal paradise, this property is the perfect choice. With a prime location just a short stroll from the beach and all the best shopping, dining, and entertainment that Santa Monica has to offer, this complex is a true gem. And with pride of ownership evident in every detail, you can be sure that you're making a wise investment in your future. So why wait? Contact us today to schedule a showing and see for yourself why this commercial 6-unit complex is the perfect choice for your next investment opportunity.
902 16th St. apartment is located in a prime Santa Monica neighborhood just one block south of Montana Ave., known for its upscale shopping and dining offering a charming and sophisticated atmosphere close to the beach. Carefully cared for and meticulously managed, this building features bright units with abundant windows and spacious balconies in some units. Exterior landscaping includes fruit trees and flower beds lining in the front and backyard. Comprising three distinct buildings, the property includes:* Building #1- facing 16th Street with four units: 902A & 904A on the ground floor, and 902B & 904B upstairs. Each floor shares a washer/dryer set between two units.* Building #2- standalone one-bedroom house at 1522 Idaho Ave, facing Idaho Ave.* Building #3- Two one-bedroom units situated above five garages facing Idaho Ave. 3 Units on Idaho Ave share a laundry room. This trophy property weathered the pandemic rental market downturn and historically has experienced low vacancy and fast turnovers. It offers a rare blend of prime location and sound investment, ideal for discerning buyers looking to invest in a well-maintained asset with steady rental income.
Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry room furnishing extra monthly income. One unit (Unit B, a 1bd, 1ba) will be delivered vacant. The other two units are occupied with solid, but not full market value rents. Gross income with actual rents for the two occupied units and projected rent for the one vacant unit is appx. $116,364/yr (including laundry income). Current operating expenses approx. $7,931/yr (excluding taxes and mortgage). Bonus: Santa Monica triplexes can be exempted from Santa Monica rent control if one unit is owner occupied (buyer to verify with City). A perfect opportunity for an owner who wants to offset the mortgage, or an investor looking for a foothold in a high rent/high quality tenant area of Santa Monica.
Discover this fully remodeled California Bungalow building in the coveted area of Santa Monica. There are Five units. All Units are tastefully Upgraded and offer a comfortable and modern living experience. Make your way inside and be greeted by restored wood flooring. Main House with its beautifully redesigned bathroom and standup glass shower enclosure adding a touch of elegance and functionality to your daily routine. All units stands apart as it has no attached walls, offering a sense of privacy and tranquility that feels more like a standalone home. The main house is vacant and great for Owner users. All Units are totally remodeled with New Bathroom and done Showers. In unit Washer and Dryer in the Three Units. Separate two other Studio upstairs and they are Sharing community washer and Dryer. Four Cover Parking garage spaces with alley access. Phenominal Location with easy access to some many top dining, markets, parks, and schools. Embrace the vibrant Santa Monica lifestyle with all the amenities and conveniences at your fingertips. Don't miss the opportunity to call this beautiful building a home and a fantastic generational investment vehicle.
Discover this fully remodeled California Bungalow building in the coveted area of Santa Monica. There are Five units. All Units are tastefully Upgraded and offer a comfortable and modern living experience. Make your way inside and be greeted by restored wood flooring. Main House with its beautifully redesigned bathroom and standup glass shower enclosure adding a touch of elegance and functionality to your daily routine. All units stands apart as it has no attached walls, offering a sense of privacy and tranquility that feels more like a standalone home. The main house is vacant and great for Owner users. All Units are totally remodeled with New Bathroom and done Showers. In unit Washer and Dryer in the Three Units. Separate two other Studio upstairs and they are Sharing community washer and Dryer. Four Cover Parking garage spaces with alley access. Phenominal Location with easy access to some many top dining, markets, parks, and schools. Embrace the vibrant Santa Monica lifestyle with all the amenities and conveniences at your fingertips. Don't miss the opportunity to call this beautiful building a home and a fantastic generational investment vehicle.
101 - 103 Strand Street is a prime OCEAN FRONT Santa Monica Beach Location! A rare opportunity for an Owner User to live at the beach with Ocean Views and have rental income. Seller Financing up to 80% for 2 Years for qualified buyer. There are no comparable multifamily buildings this close to the beach with Ocean Views that have sold and few comparable rentals. Condo sales in the area that are even close to this location have a comparable average of $1300 Per Sq Ft plus homeowners dues averaging $1475. OWNER'S UNIT: Upstairs 2 Bedrooms & 2 Baths. Ocean Front Views from both Bedrooms & Front Patio. Real hardwood floors throughout. Tiled flooring and granite counter tops in kitchen and bathrooms. Dual paned windows. Stack washer/dryer & lots of closet space. Copper Plumbing. 3 of the 7 units have laundry in the units, the other units have space to add stack washer/dryers and there is a laundry room on site with machines that are owned. This rare 7 unit apartment building directly across from the beach on Ocean Avenue boasts stunning Ocean views, Sunsets and sits just above the sandy shores of Santa Monica Beach. Live the experience of beachfront living. Get right onto the beach bike path or walk to Main Street with great restaurants and shopping. PLEASE DO NOT DISTURB TENANTS.
Prime Santa Monica blocks from the beach...Charming Immaculate Pride of ownership 4 plex first time on market in 23 years. 2 / 2 Bed 1 bath & 2 / 1bed 1 bath. Buildings have been maintained with consistant attention to detail throughout the years...Including recent termite tenting 1/2023, sewer mainline connection, Copper re-pipe & Gas repipe. Includes a laundry room with seller owned new coin machines with annual income of approx. $2400. Great tenants...5 garages with one vacant for owner...Very easy management. Bread & Butter building with very low maintenance.
We are pleased to present for sale a high-quality multifamily asset in prime Santa Monica, CA. 1442 Stanford Street was built in 1964 and features 7 units with a gross square footage of 7,204. These spacious floorplans feature 1 and 2-bedroom options. There are (4) 2-bedroom, 2-bathroom units and (3) 1-bedroom, 1-bathroom units. Two of the units have been highly upgraded to include kitchens with quartz counters and shaker cabinets, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring and recessed lighting. 1442 Stanford is ideally located just south of Santa Monica Boulevard with easy access to both the beach and the greater Westside. Downtown Santa Monica is 2 miles to the west while West LA and the 405 freeway lie only 1.5 miles east. The stretch of Santa Monica Boulevard immediately adjacent to 1442 Stanford has seen quite a bit of recent development. The 50-unit project at 2828 Santa Monica was recently completed by LaTerra and another 88-unit project is slated to break ground on the opposite corner to the east. Stanford is also walking distance to many neighborhood attractions including outstanding restaurants, bars, and retail along Santa Monica Blvd, Broadway, and Wilshire Boulevard just to the north. For the savvy investor, 1442 Stanford St provides a well-managed and highly sought after property with significant future upside potential in one of the most desirable locations Los Angeles has to offer. 1442 Stanford St's assumable loan has an approximate balance of $1.375M with I/O payments and a fixed rate of 4.50% until 11/1/2029.
We are pleased to present for sale a high-quality multifamily asset in prime Santa Monica, CA. 2235 20th St was built in 1970 and features 6 units with a gross square footage of 7,009. These particularly large floorplans feature 1, 2, and 3-bedroom options. There is (1) large owner's unit with 3 bedrooms and 21/2 bathrooms, as well as (4) 2-bedroom, 2-bathroom units and (1) 1-bedroom, 1-bathroom unit. Two of the units have been highly upgraded to include kitchens with quartz counters and shaker cabinets, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring. There is parking for 9 vehicles with a 2-car garage and driveway in front and five carport spaces in the rear. The building also offers tenants a common laundry room and intercom entry. 20th St is perfectly situated just one block from Santa Monica College on a tree-lined street with mostly low-density residential properties. Given its proximity to the college and its central location in the Ocean Park neighborhood, 20th Street is highly desirable to students, faculty, or anyone else that values being walking distance to premier dining, nightlife, and retail options. For the savvy investor, 2235 20th St provides a well-managed and highly sought after property with significant future upside potential in one of the most desirable locations Los Angeles has to offer. 2235 20th St's assumable loan has an approximate balance of $835K with fully amortized monthly payments and a fixed rate of 3.30% until 10/1/2027.
Idea owner-user north of Wilshire. Vacant upper rear 2 BR/ 2 BA unit (F) with beautiful, real hardwood floors and spacious balcony nestled in a picturesque greenbelt. 5 other rented 2-BR units. Lush landscaping isolates residents from the distractions of typical urban blight creating a little island of serenity. (Request listing broker to send exterior video tour.) Rents on B, C and D include the 3% rent increase due 9/1/2024. Rent on Unit F is projected. Laundry Room onsite and gate entry. Discuss ADU potential with City.
This property is located in the Sunset Park neighborhood of Santa Monica, just 9 blocks from the beach. 9th Street is a beautiful tree lined street located one block from many shopping, entertainment and dining amenities. The main attraction of this property is the low density, park-like grounds, not typical in a dense urban area. This is a great value-added investment opportunity for an owner-user or an investor to acquire a double lot, 7 unit investment property (1850 9th street to be acquired separately) . 1856 9th St. consists of a 4 plex with the following unit mix 2, one-bedroom, one-bathroom units and 2, two bedroom, one bath units there is a two car garage that is attached to the rear unit. These units are situated on a large 7,283 sq. ft. lot, zoned R2. The value-add opportunity would be to acquire the adjacent property to add additional parking, build an ADU or combination thereof.
This is a great value-added investment opportunity for an owner-user or an investor to acquire a double lot, 7 unit investment property (1856 9th street to be acquired separately) . This property is located in the Sunset Park neighborhood of Santa Monica, just 9 blocks from the beach. 9th Street is a beautiful tree lined street located one block from many shopping, entertainment and dining amenities. The main attraction of this property is the low density, park-like grounds, not typical in a dense urban area. 1850 9th St. consists of 3, one-bedroom, one-bathroom units and is situated on a large 7,232 sq. ft. lot, zoned R2. One of the one-bedroom units, with laundry, will be delivered vacant. The site has a large vacant area at the rear of the property. The value-add opportunity would be to add additional parking, build an ADU or combination thereof.
Discover the hidden gem of 1047 9th St, nestled in a picturesque and tranquil abode that exudes charm and history. With three distinct bungalows situated within one lot, this property offers a rare opportunity for both serenity and investment potential. Each residence has been recently updated and offers a generous outdoor area, providing residents with the opportunity to unwind and enjoy the beauty of their surroundings. Equipped with two parking spaces per residence and the capacity for electric car charging, alongside laundry facilities in every home, this property seamlessly combines modern amenities with timeless appeal. Furthermore, 1047 9th St presents an enticing opportunity for value addition. With the potential to add one to two additional two-bedroom units, the revenue could see a substantial increase of up to $120,000 per year, all while preserving the historic integrity of the property. Embrace the allure of this historic treasure, where charm meets opportunity, offering a truly unique investment prospect in a coveted locale. *Drive-by only. Showing of the interior of the units only with an accepted offer. Do not disturb tenants.*.
Nestled amidst lush greenery, 921 16th St presents a rare opportunity to own a charming property comprising six units across three distinct buildings. Each unit offers a recently remodeled unique layout while maintaining consistent finishes throughout. Residents can revel in the tranquility of their surroundings, with many units featuring private patios, perfect for unwinding amidst nature's embrace. Practical amenities including a shared laundry area, bike storage, and ample parking options in the back alley, except for one-bedroom units which utilize street parking. Additional storage areas and a tankless water heater enhance convenience and functionality, elevating the living experience for residents. Moreover, this property holds untapped potential for value enhancement. With the opportunity to add one to two units, the income potential could see a substantial increase of up to $100,000 per year, presenting an enticing prospect for investors seeking to maximize returns. Embrace the allure of this verdant retreat, offering a harmonious blend of nature, convenience, and investment potential in a coveted locale. *Drive-by only. Showing of the interior of the units only with an accepted offer. Do not disturb tenants.*
House plus 2 units have had only one owner and minimal upgrades in the last 51 years. "Fixer to Fabulous". Here's a chance to star in your own reality project. Incredibly affordable ownership option for someone with a tool box, hard hat and imagination. All units expected to be delivered vacant as close of escrow.
We are pleased to present 1142-1144 16th St, a very well located duplex in Santa Monica, CA. Situated just North of Wilshire Blvd, this primely located property is right next to the beautiful UCLA Santa Monica Medical Center.This duplex sits on a large 7,513 square foot lot with an alley behind where the tenants will nd convenience access to a 3-car garage and a back entrance to the property. Both units offer the tenants a private and separate outdoor area, giving each unit the feel of a single family house. The front house is a large 1,748 square foot, 3 Bed / 2 Bath unit with a private front yard. The back house is a large 945 square foot, 2 Bed / 1 Bath unit with a private backyard and back entrance to the unit. Also, the property's exterior has been signicantly updated over the years with a recent new roof, electrical, and plumbing systems. This property offers a great owner-occupy and/or a great value add opportunity. Both of the units are currently occupied and paying lower than market rents. We estimate over 35% upside in current rent potential. Furthermore, a very exciting and straight forward way to add value to this property would be to convert the existing 3-car garage into a 495sf 1-bedroom ADU.This ADU conversion is estimated to cost between $150,000 - $175,000 ($300/sf - $350/sf) for all construction costs, which is signicantly less than the value that the ADU will create. To demonstrate the ADU's nished value, recent sale comparables of nearby triplexes in Santa Monica are selling for an average of $1,000 per SqFt. This suggested the ADU would be worth around $495,000 in value, giving the buyer a $320,000+ net prot value-add opportunity.To summarize, the Buyer can own a primely located triplex in Santa Monica for under $3,000,000 after buying the current duplex and adding the ADU. Reach out to the listing agents for a nancial summary of what the buyer's total costs and returns would look like after nishing the ADU conversion.This property at 1142 16th St, Santa Monica, is perfect for families, located in a highly sought-after area renowned for its excellent schools. Franklin Elementary School (K-5) and Lincoln Middle School (6-8) are both highly rated and within a mile of the property. Santa Monica High School (9-12), also nearby, ensures quality education through all school levels.For private education, Garden Of Angels School (PK-1) and Pacica Christian High School (9-12) are just a short distance away, with Lighthouse Church School (K-12) also conveniently close. The variety of excellent schools within such close proximity makes this Santa Monica location ideal for families seeking a top-notch educational environment for their children.
Introducing 1807 Oak St. Well-located in the hot rental market of Santa Monica, this property is just a few minutes from Clover Park. This 5-unit building consists of (1) 3-bedroom 2-bath unit front, (1) 1-bedroom 1.5 bath unit, and (3) 1-bedroom 1-bath units. The property is currently operating at 3.65% Cap Rate and 17.34 GRM. The property has a total of 8 parking spaces, including a 2-car and a 1-car garages.
1802 Ocean Park Blvd, located in the Sunset Park neighborhood of Santa Monica is a pride of ownership seven-unit, 5,968 sq. ft., apartment building situated on a 6,905 sq. ft., lot zoned SMR3 built in 1949. The property consists of (4), 2 bedrooms, 1 bath unit located in the front building. Each unit has a spacious kitchen, washer dryer hook-ups and access to a rear service patio. The rear building consists of (2), 2 bedrooms, 1 bath units on the 2nd floor with (1), 1 bedroom, 1 bath until on the 1st floor. The building will be delivered with 5 units VACANT. The building has 6 parking garages of which 5 are currently rented. With its well-maintained exterior and stylish landscaped surroundings this building has great curb appeal which adds to the overall value of the property. The building's prime location adjacent to Sunset Park Village offers access to a great list of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a Southern California lifestyle. To name a few great shops and restaurants there are: Local Kitchen & Wine Bar, Thyme Cafe & Market, Brook Rod, Bob's Market, Love Coffee, Handel's Ice Cream and Santa Monica Yoga. The educational school include, Little Dolphin Preschool, Will Rogers Elementary, John Adams Middle School, and Santa Monica City College. For Value Add - Perfect opportunity to covert the garage into ADU's - Possibly 2!
Assumable Loan! $1.075m @ 6.37% Fixed 5 Years Remaining. We are proud to present 1427 Euclid St, a 6-unit investment property in Santa Monica. This 6-unit property includes four private bungalows (two 2-Bed, 1-Bath, and two 1-Bed, 1-Bath) each with their own private patios. The fifth, rear structure has two 1-Bed, 1-Bath units above four individual garages. Built in 1924, the property has 3,462 square feet of living space and the soft story retrofit has already been completed. Just steps away from Downtown Santa Monica, its prime location offers easy access to urban amenities. Additionally, its Walk Score of 90 signifies a "Walker's Paradise", giving tenants unparalleled access to amenities in Downtown Santa Monica. The property features four individual garages and ample permit-only street parking for tenant convenience. Each unit is individually metered for gas and electricity. With potential for regular rent increases, this property is ideal for investors seeking long-term gains and stability in a prime Santa Monica neighborhood. Don't miss this opportunity at one of the best price points in Santa Monica!
Courtesy: Lee & Associates Investments Services Group Inc
1446 & 1448 Yale Street is a seven-unit 3,725 net rentable SF property located in Santa Monica. The unit mix consists of (1) x Studio/1 Bath unit and (6) x 2 Bed/2 Bath units. Zoned R2, the property sits on a 9,000 SF lot. Originally built in 1946, the property has been recently completely renovated. Onsite amenities include gated glass entry, lush landscaping, courtyard with a BBQ, and fully-equipped kitchens with deluxe stainless steel appliances. The property includes a one-story building and a two-story building. There are five carport parking spaces, along with a multi-bike rack within the gated property. The property is located just southeast of Santa Monica Blvd. The 10 & 405 Freeways are located nearby. The Expo/Bundy Metro Station stop is located within 1.2 miles. For more information on Maximum Allowable Rents, please refer to the City of Santa Monica Housing Authority and Rent Control.
We are pleased to exclusively offer for sale 1518-22 Euclid Street, First time on the market since the owner built the twenty-unit apartment complex in 1970. The property boasted a favorable unit mix of sixteen (16) two-bedroom two-bathroom units, two (2) three-bedroom two and a half-bathroom units, and two (2)one-bedroom and one bathroom units. 1518-22 Euclid Street is a prime investment opportunity for investors.1518-22 Euclid Street is a prime investment opportunity located in the highly sought-after market of Santa Monica. Situated less than a mile away from the iconic Santa Monica Pier and just minutes from the vibrant 3rd Street Promenade, this property offers convenience, lifestyle, and potential for strong returns. Just completed a complete re-roof that cost $100,000 and also recently installed a new water-main.
Santa Monica is located in California. Santa Monica, California has a population of 92,495. Santa Monica is less family-centric than the surrounding county with 30.04% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Santa Monica, California is $86,084. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Santa Monica is 40.5 years.
The average high temperature in July is 71.8 degrees, with an average low temperature in January of 50 degrees. The average rainfall is approximately 16 inches per year, with 0 inches of snow per year.
